Structured Settlement – Guaranteed Income for those with DisabilitiesWritten by Charles Essmeier
Up until twenty years ago, anyone who won a lawsuit as a result of a claim involving worker’s compensation, wrongful death or accident had to accept a lump sum payment as their compensation. The payment would be intended to be invested, with beneficiary living off of proceeds for as long as their recovery was expected to take. In many cases, this type of settlement works fine, but in other cases, results are a disaster.
It is difficult enough for someone who has been through trauma of an accident or illness to have to adjust to a new lifestyle without having to also become an expert in art of financial investing. If you have been active all of your life and you suddenly find yourself in a wheelchair and having to handle assets of several hundred thousand dollars or more, you could be overwhelmed. You could hire someone to handle investments for you as well as tax issues, but what if person you hired wasn’t trustworthy? What if you hired a greedy relative who took all of money? What if you hired someone incompetent?
These problems, and statistics that show that people who receive large sums as compensation for accident, injury, or wrongful death often spend all of their money in a short
| | How to Negotiate Debt SettlementsWritten by Gary Gresham
Knowing how to negotiate debt settlements is key to securing your financial future. Debt negotiation is process where in you will contact your creditors and will appeal to them with an offer to pay off amount you owe in easier installments that decrease principal quicker. Learning how to negotiate debt settlements can be a lengthy process and you may have to appeal to many people within companies you owe, but this process is best way to decrease fees and interest that cripple your capacity to ever really pay off your debt. There are four easy steps to follow to ensure process goes as smoothly as possible, and to give you confidence in fixing debt problems. The first step to successful debt negotiation is to organize all of your debts and stop any compulsive spending. Find all of documents you have concerning your debts, including bills and notices. Assess your interest rates, any fees you pay on a regular basis, and any charges you accrue either by maintaining a balance in excess of your credit line or with late payments.
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