What’s The Benefit Of A Partial Payment?
Many people find the partial payment option a huge benefit to their situation. A partial payment, though the term is not a legal or official one, is when you sell only part of your rights to your monthly payments. By selling in this fashion, you still receive part of your monthly payments.
Take, for instance, a monthly payment of $750.00. Let’s assume you’re in need of some cash. You sell part of your rights to this $750.00 for 12 month‘s; $500.00 from each monthly payment let’s say. You get a lump sum of cash for $5,100.00 from the sale, and you’ll still receive a monthly payment of $250.00. When the twelve months are up your payments goes back up to $750.00. You get cash when you need it and still maintain a monthly payment.
Take, for instance, a monthly payment of $750.00. Let’s assume you’re in need of some cash. You sell part of your rights to this $750.00 for 12 month‘s; $500.00 from each monthly payment let’s say. You get a lump sum of cash for $5,100.00 from the sale, and you’ll still receive a monthly payment of $250.00. When the twelve months are up your payments goes back up to $750.00. You get cash when you need it and still maintain a monthly payment.
TUESDAY, APRIL 14, 2009
Protect Your Identity
When you decide to sell your structured settlement rights, whether all or some, at some point you’ll be required to provide your personal information. This information is used to make the transaction a legal and binding one, among other things. But, never give out your information without first making sure you’re doing business with a legitimate company.
As more structured settlement companies use the internet to advertise what they have to offer the consumer, it become more important to make sure you’re not being scammed by someone hiding behind the guise of some phony business. It’s a sad state of affairs, but it’s important and needs to be mentioned.
As more structured settlement companies use the internet to advertise what they have to offer the consumer, it become more important to make sure you’re not being scammed by someone hiding behind the guise of some phony business. It’s a sad state of affairs, but it’s important and needs to be mentioned.
Don’t let A Few Rotten Eggs Hold You Back
There’s been some buzz lately about structured settlementcompanies making false claims about getting cash real quick when you sell your settlement to them. The truth is, the time it takes to receive your money is contingent on a number of different things, the court system being the most prominent one.Court approval is need to sell a structured settlement so right off the bat your at the mercy of the courts. There’s no guarantee how soon your case will be heard, and everyone knows how slow the wheels of justice turn. In most cases it takes an average of about 90 days to see your money, but that’s not written in stone. Don’t let a few rotten eggs scare you off from selling your structured settlement. These companies are part of the minority, not the majority.
Labels: CALIFORNIA
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