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The Cash Now Question
If you have ever been in a bind for cash you know the stress,
the weight of not being able to pay your bills. In these
desperate times, desperate measures are often taken. Expensive
loans, overused credit cards, and a snowball of events quickly
complicate your financial position. Once the collectors begin
their relentless pursuit of your sanity, the road to financial
prosperity seems a million miles away. On the scene arrives your
hero, the "Cash Now" guy.
The "Cash Now" guy says he can buy your lawsuit settlement and
give you a lump sum for it. Of course, you have to have a
structured settlement; you have to be receiving annuity payments,
on top of a myriad of other qualifications. So if you are a
lawsuit winner with an annuity settlement, is it really as good
as it seems? Can cash now ease your financial woes? Maybe, but
maybe not, it all depends on your situation.
The formula is simple. Does solving your money problems today
outweigh the price you pay to get an advance on your future
annuity payments? For example, paying what equates to a one time
25% interest fee on $30,000 might be worth the price to save your
home and avoid bankruptcy. If you are behind on credit cards,
which charge you a ridiculous 24% interest rate, does it make
sense then to take a lump sum option? The credit card rate is
better than the discount you would pay. What if you had to give
up $30,000 of your $75,000 lump sum due in 8 years? Will the
$45,000 you get today make up for the 30k throw away?
Annuities and structured settlement suits were created and
scheduled to meet the future needs of a recipient. The fee for
accelerating those payments is exorbitant. Researching
alternative options is a must, and at the end of the day, it is
your sanity that makes the final argument. Is cash now an answer
to your prayers? Probably not but, it is a choice on your list.
And it's time to get started on that list before your bills get
the better of you.
Jason M. Rigler
National Marketing Director and Guru
JasonR@ppicash.com
Prosperity Partners
www.ppicash.com
MORE RESOURCES:
Father paved way for Street's debutDenver Post, CO - Nov 17, 2008... and Nixon Coming" — on Monday, at the Austin, Texas, offices of The James Street Group, a financial firm that specializes in structured settlements. ... |
Structured-Settlements - Google News
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