Settlement Loan: May 2007

Friday, May 25, 2007

Debt Settlement Solution. Avoiding a Financial Crisis

Accumulated debt can lead to a financial crisis. However, there are several solutions available to help you recover from debt, the debt settlement solution program can help define some of those strategies in order to reduce your monthly payment, here are some: - Securing a loan to consolidate your bills can create one low interest monthly payment. - The debt settlement solution company can also help you reduce your debt and interest rates. - A credit counselor can also help you create personalized financial plans and strategies.

Debt settlement solution, also called debt negotiation, is a form of debt consolidation that shortens your total debt, sometimes over 50 percent, with lower monthly payments that fits your monthly income, this way you do not get choked with those payments. Debt settlement solution programs typically run around three years, it all depends in the total amount of debt and the type of debt, secured, unsecured and credit cards. It is important to keep in mind, however, that during the life of your debt settlement solution program, you are NOT paying your creditors. This means that a debt settlement solution of online debt consolidation will negatively impact your credit rating. Your credit rating will not be good, at a minimum, for the term of your debt settlement solution program. However, debt settlement solution is usually the fastest and cheapest way towards debt freedom, with a low monthly payment, while avoiding Chapter 7 Bankruptcy. The trade-off here is a negative credit rating versus saving money.

- A good debt settlement solution will reduce your interest rates and monthly installments -

Consolidating your debts into one loan can help you reduce your rates and payment amounts. Home equity or personal loans have much lower rates than credit cards. With lower rates, you can pay off more of your balance. You can also choose to reduce your payment amount with a longer loan term, but be aware that you will pay more interest this way, the important thing here is to define a method that can adjust to your financial capacity.

Pay extra attention to the details of the monthly payments because the debt settlement solution program is very strict on the amount you have to pay. This amount is settled by your settlement company, based on your current financial status or funds set aside to pay off that debt. Therefore, the larger the amount of the payment is, the fewer time it takes you to pay off that particular debt.

- Personalized payment plan with the debt settlement solution program -

A credit counselor from the debt settlement solution program creates a confidential, personalized budget with you. They present debt payment strategies, which can include consolidation, debt management, or negotiation. Certified counselors can also help you plan for long term financial goals, such as retirement or home buying.

Everyday people are taking action to recover from financial difficulties. While no company can erase your past credit problems, they can help you build a solid future credit score. Eliminating debt, frees you from the stress of bills and limits on your credit choices.

Everybody thinks that filing for bankruptcy is the best and more accurate solution for becoming a debt free person, but they are wrong, bankruptcy will degrade your social status, and all possible options to settle something will disappear, you will get stressed out; even, some operating cost can not be fixed by applying for bankruptcy, so be careful when making this important decision, our debt settlement solution program can help you avoid this, bankruptcy, just let our counselors guide you and see that there are always alternatives.

Bankruptcy is known for being a momentary way out of your debt problems, on the other hand, debt settlement solution is an everlasting solution that will surely make you debt free.

We have different articles of interesting topics and current and former clients' experiences with our programs. Take a look at the different Debt Settlement Solution situations on debt related topics that people can fall into and how to keep yourself a debt free person. Check these links to learn more:

http://www.debt-settlement-negotiation.com

Thursday, May 24, 2007

Loan Consolidation: Finest Way to Reduce Your Debts

It is but natural for an individual to seek a minimum rate of interest when he seeks out a loan. It is important to apply some wisdom while choosing a rate of interest because that is the amount he will keep paying for the entire duration of his payment plan. If you realize that you are having a tough time paying back your loan at the rate of interest chosen by you, you can think of consolidating your debts. You need to understand that consolidation loan debt reduction process helps the borrower and creditors equally. Let us understand some features of debt consolidation loans. While applying for the debt consolidation loans, you will need to fill up an application form giving details about your financial history. You will need to put in details such as your outstanding loan amount and a list of your creditors.

Once the debt consolidation company receives your application, they negotiate with your creditors to get more agreeable settlement terms for you. Other than consolidating all your payments into a single monthly payment, debt consolidation process also tries to clears your credit with previous creditors. Debt consolidation offers you rate locks and custom quotes as well as helps you mitigate damages from previous bankruptcies. Personal debt consolidation is a process in which people can take up loans to pay for their personal use such as education. Personal debt consolidation gives you a loan to bring down your debt burden and becoming debt free. As the average household income in the United States is increasing, so is the average debt amount per household. Under such circumstances, debt consolidation loans are gaining wide acceptance, with more and more people trying to streamline their debt loads.

Personal debt consolidation gives you an advantage that it brings down your monthly payments considerably. By taking up a debt consolidation loan you solve your debt crisis and bring rest to your anxiety. It is pertinent that you understand the way a personal debt consolidation process works before you decide to take a leap into it. The concept of taking up a personal loan is quite useful for a person who is heavily under debt as it can bring in a tremendous help to his finances. These personal loans are quite attractive owing to the fact that they enable the consumers to shell out a single payment that is disbursed by them among the different creditors. In order to be eligible for a personal debt consolidation loan, you need to qualify a certain criteria. The debt consolidation company decides whether or not you qualify for a personal loan based on your current financial status.

The personal loans have a rate of interest ranging between 12 to 15 percent which cannot be paid back by everybody. Once you consolidate your debt with a personal debt consolidation loan, you will be well on your way to financial freedom.

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Monday, May 21, 2007

Settlement Loan

The legal system in America is currently stretched with more personal injury lawsuits than it can comfortably process. Many insurance carriers are taking a stronger stand in the settlement process which increases the length of time to resolution in many cases. The victims of personal injury are being hurt the most by this reality because they are often out of work and have difficult time making ends meet until they receive a settlement or judgment in their case. Fortunately, Global Financial Credit, LLC offers low cost settlement loans against pending legal claims. A Settlement Loan is not actually a loan but rather a cash advance against any proceeds that may be received from the pending litigation. If you are injured and have hired a lawyer to represent you then you qualify for a settlement loan against the potential future proceeds you may receive from your lawsuit. You do not have to personally guarantee anything and there are no credit checks or income verifications. Global will advance you a portion of your future settlement dollars today in return for a portion of your proceeds when the case settles. If the case is lost for any reason then no money is owed back to the funding company. The plaintiff would keep the money that was advanced from the Settlement Loan for free. Settlement Loan advances can be used for the necessary living expenses that so many injured people fall behind on when they have been in a major accident. Global does not charge any application or upfront fees to apply. Once a plaintiff receives a settlement loan advance from Global there is a monthly fee of 3.99% that accumulates until the case is settled won by judgment. For those who have been injured in any type of accident and have a pending legal or worker compenstaion claim, Global Financial can provide you with some of your future settlement dollars, today.

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Loan Consolidation: Finest Way to Reduce Your Debts

Saturday, May 19, 2007

How Can A Pre-Settlement Loan Help My Case?

A pre-settlement loan can help you to win your case. Its that simple. These loans are designed to provide you with the funds to win your case, assuming that your case has the merit to do so. Most commonly, they are used to help those that have been victims of personal injury to get the funds that they need to pay their doctor’s bills, to pay them restitution and simply to have the satisfaction of knowing that those at fault have been penalized. Most importantly, a pre-settlement loan can help you to fund your lawsuit from the beginning to the end, so that you don’t have to drop out when you no longer have the funds to fight your battle.

Pre-Settlement: The Benefits It Provides

The benefits you can get from pre-settlement loans are easy to see. You can have access to the funds that you need to fund your case. But, what else can it do? There are a number of things. Consider these benefits to using these types of loans.

· If you have medical bills or need help making payments for your everyday living expenses, a pre-settlement loan can help you to make these payments so that you don’t lose your home. It can help to keep your life on track while you can’t.
· You can secure the help of an attorney that is experienced in your type of case so that you have a better chance are winning your case and getting your settlement.
· You will be able to see your case through. Many people that file legitimate lawsuits end up falling short of actually completing the suit because they run out of money to fund it. You don’t have to worry about this risk.
· You don’t have to pay the funds back if you lose. If you invest your own money in the lawsuit, there is no way for you to pull those funds back even if you do win your case. But, if you use a pre-settlement loan, you don’t have to pay the funds back if you lose the case. That’s security in and of itself.
· You can get the justice that you and your family deserve without having to risk all that your family owns on the process. You can simply borrow the funds to make these necessary investments and walk away knowing that you got the very best settlement that you could.

There are many different lenders that are now offing lawsuit loans or pre-settlement funding. They each offer you a variety of options in how much you can borrow and what it takes to secure this loan. While it isn’t for everyone, especially those that are filing less than ideal cases, for those that have a legitimate case and know that they will get a settlement, it can be the most important thing that you do. Find out if you qualify for this type of funding and get your lawsuit underway knowing that you have the resources to make it happen.

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Life Insurance Settlement Loans

A life insurance settlement refers to selling a life insurance policy to a third party buyer in exchange for a lump sum amount. After the settlement of the policy, the original owners are no longer responsible for paying the premiums. On maturity of the policy, they will not receive any amount as maturity benefit. However, if the policy owners need to raise money for any financial requirement, there is no need to sell the policy. Policy owners can obtain a life insurance settlement loan against the policy.

To apply for a life insurance settlement loan, the borrower needs to state the reason for the financial requirement in detail. This is where life insurance settlement loan differs from settlement, as there is no need to answer questions about the use of money. The life insurance settlement loan is required to be repaid over a certain period of time. The installments for repayment are monthly as in case of any other loan. The main advantage of such a loan is that, the policy owners get to keep the policy and also receive all the maturity benefits.

Policy owners need to approach the insurance company, which has written the policy for borrowing the loan. They need to fill an application form, mentioning all necessary personal details as well as details of the policy. It is up to the insurance company, to determine the amount of the loan sanctioned. This approved amount depends on the face value of the policy, and is usually calculated, based on the percentage of the policy value. The insurance company also determines, the period or term of the loan along with the installments. The insurance company applies a rate of interest on the loan during repayment. The policy papers are withheld with the insurance company till the loan is repaid. The policy is considered locked during this period. Policy owners are required to continue paying their premiums for the policy, in addition to the installment on the loan.

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Monday, May 14, 2007

Quality Debt Settlement Businesses

Are you in debt? If so, you might need the help of one of the many quality debt settlement businesses available to you to help pay off what you owe. Finding such businesses isn’t always easy, and there are some questions you must ask before you commit to a contract. Do some personal investigating to find out which businesses [if any] are right for you.

So, how can you locate a quality debt settlement businesses? First of all, by searching right online. Naturally, not all businesses are the same and you must find out if each one is valid or not, including if it is licensed by your state. Happily, most corporate web sites share this type of information openly.

Here are five steps you can take to ensure that the company you are dealing with is on the up and up:

1. Check with the Better Business Bureau {BBB} to see if complaints have been registered against a particular company. Ask the BBB for a list of quality debt settlement businesses.

2. Obtain the company’s D&B report from Dun and Bradstreet. This report will reveal if the company is in the black, who members of its board of directors are, as well as other key corporate information.

3. Check with your state’s consumer affairs department for information. If the company has not registered with your state, find out where they are registered and call that state’s consumer affairs department.

4. Ask for references. If you still feel good about the company, get references. If they are solid, they will freely share that information. If the company is not willing to part with references, just move on to the next company on your list.

5. Ask friends and family members if they know of a specific quality debt settlement business.

You can thin your list by comparing their fees, by learning what impact a debt settlement loan will have on your credit rating, and determining how long you have to pay off your debt.

You can get out of the debt spiral if you choose a plan that works to your advantage.

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Debt Settlement Company Myths

The landscape of the debt settlement (debt negotiation) industry has changed a great deal over the past few years, and as a result there is a significant amount of information circulating related to debt settlement that simply couldn’t be further from the truth.

For instance, I recently read an article whose author claims that all debt settlement companies charge hundreds of dollars for an initial “admin fee,” as well as a monthly service fee. True? Not necessarily. You see, there are indeed many debt settlement companies that model their fee structure this way, but to say that “all” debt settlement firms are the same is extremely irresponsible. Fortunately, there are several firms that do not charge an administration fee, nor do they charge a monthly service fee. Believe it or not, there are legitimate firms who do take pride in customer service and providing what’s best for their clients, as opposed to running a scam to rip people off.

Also, there seems to be a misconception that all debt settlement firms set up trust accounts, into which their clients are required to deposit funds each month so that the debt settlement company may withdraw their fees prior to the funds being made available to the client’s creditors for the purpose of debt settlement. Again, while some debt settlement firms operate this way, many do not. As a matter of fact, there are several debt settlement firms who work on a contingency basis and don’t require their fees until after settlements have been reached with their clients’ creditors. These same companies very rarely require that you set up a trust account, but rather prefer that you set funds aside each month so that settlement offers may be extended to your creditors at a later date. Many consumers considering debt settlement don’t have the necessary income to set funds aside each month, and must instead resort to a 401K loan, home equity loan or a personal loan from a family member.

As you can see, critics of debt settlement are often misinformed and should probably stick to a totally different topic, or perhaps conduct sufficient research prior to reporting on the subject of debt negotiation firms.

Admittedly, debt settlement is not a pain-free process, and it’s certainly not for everyone, but it has certainly saved thousands of dollars for individuals and businesses that otherwise would have been forced into bankruptcy. If you’d like to learn more about debt settlement – the good, the bad and the facts – click here.

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Pre-Settlement Loans

Pre-settlement loans are exactly what the name implies – cash payments to plaintiffs given in anticipation of a favorable settlement. Pre-settlement loans fall under the ‘non recourse’ category of legal loans, meaning that the extender of the loan has no recourse to collection of the money in case the plaintiff’s case is not settled favorably.

Such loans are either paid in full before or during the lawsuit process or extended in monthly payments. This usually depends on the recipient’s convenience, though it is generally agreed that monthly payments allow for better financial management.

A plaintiff is eligible for a pre-settlement loan an official lawsuit has been filed to claim for damages incurred by the negligent acts of others, or if they have suffered injury or loss at the workplace during the course of employment.

They are also extended when the case involves a matter of wrongful death, or when a person's death is caused by the negligent or intentional act of a wrongdoer. In such cases, the plaintiff holds a certain person, corporate body or government entity responsible for the death of another. Close relatives of the deceased, sometimes under constrained financial circumstances, may launch wrongful death cases. In such cases, a pre-settlement loan can make all the difference.

Financers who extend pre settlement loans bank on the plaintiff’s case being settled before the usual legal process is complete. If the case is open-and-shut or unlikely to be resolved in the defendant’s favor, the defendant’s lawyer will advise for ‘settlement’ – meaning that time and money is saved on a foregone conclusion. When this happens, pre-settlement loans are recovered with interest.

It is advisable that a plaintiff shops around for the best possible interest rates on pre-settlement loans (or any other kind of legal financing), since these vary from financier to financier. It is a very bad idea to accept the first offer that comes along.

Settlement Loans provides detailed information on Settlement Loans, Lawsuit Cash Advance Loans, Lawsuit Settlement Loans, Pre-Settlement Loans and more. Settlement Loans is affiliated with Lawsuit Loan Companies.

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Tuesday, May 8, 2007

Personal Injury Settlement Loans

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Many victims of personal injuries cannot afford the expenses involved in litigating for an injury settlement, even though they may have a genuine case. There are two kinds of personal injury settlement loans. The first are loans based on a collateral, and the second are non-recourse loans given by injury settlement lawsuit financing companies.

The first kind of personal injury settlement loans are forwarded by credit lending companies on some sort of collateral like property, moveable/immoveable assets or bank balance. The drawback to this method of funding is the high rate of interest, as well as a heavy financial burden on the plaintiff should he lose the personal injury settlement lawsuit.

The second kind of personal injury settlement loan is advanced by financing companies on a non recourse basis. This means that if the plaintiff wins the case, he or she will be able to repay the loan from the compensation amount won. But if the plaintiff loses, then the financing company cannot recover any money that was advanced. During the trial, the finance company bears all costs including medical bills, transportation and living expenses and lawyer’s fee.

The fees for the non recourse funding tend to be high, since the financing firm is taking a risk advancing a loan that will not be returned in case the debtor loses the lawsuit. It is therefore advisable to choose a financing company carefully, and reach an understanding beforehand regarding amount to be paid, method of repayment, etc. The company may request a one time payment after a suit is won, or settle for repayment in installments. The fee structure varies.

Most financing companies hire experts who can predict the outcome of a personal injury settlement lawsuit. An unambiguous case of personal injury will be given a loan on easier terms. However, it is always a good idea to consult with your lawyer before going to any financing company.

Injury Settlements provides detailed information about injury settlements, burn injury settlements, hydrocodone injury settlements and more. Injury Settlements is affiliated with Debt Settlements.

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Insurance Settlement Loans

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Insurance settlement loans are usually applicable in cases where a plaintiff is awaiting an insurance settlement for some personal injury or loss. For instance, in cases of natural disasters, organizations like the U.S. Small Business Administration award financial assistance to people whose property has been devastated.

Insurance claim procedures can be a drawn-out process, especially where an element of doubt or ambiguity exists about the claim. The recipient may have to wait several years before the claim actually materializes into hard cash. In such cases, loans to tide the claimant over are generally obtainable.

The term insurance settlement loan is sometimes associated with the practice of turning eventual life insurance settlements into real and present money. This is also known as life settlement – a practice where a financing company actually buys the death benefits of an insured person’s life insurance policy. Once this is done, the company pays all future premiums on the policy and eventually collects the death benefits. The full value of the life insurance will not be given to the beneficiary, however. This is because the only way that the insurance settlement company makes their money is by buying at a lower rate now but collecting big later. Both parties stand to benefit from this arrangement.

Other insurance policies pay a lump sum on maturity, such as retirement benefit policies. If the beneficiary does not, for any reason, wish to wait for this period to elapse, this policy may be eligible for a loan by a financial institution.

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Benefits Of Settlement Loans

Settlement Loan

Settlement loans are, generally speaking, highly advantageous to their recipients. Modern legal processes can be extremely time-consuming, and the period it takes to settle a claim can last longer than the claimant’s paying capabilities. By having this kind of finance, a claimant is free from the temptation to settle early and for a lesser-than-hoped-for amount.

Obtaining a settlement loans is usually a speedy process, because the financier generally does not require any other collateral besides the eventual settling of the claimant’s claim. The scales of advantage weight heavily towards the loan recipient, because the lender cannot ask for repayment if the claim is not settled. Many lending institutions compensate for this with a heavy interest rate, but the borrower can shop around for the best offer.

Settlement loans do not have to be qualified by a credit or employment requirement. Nor are there any up-front fees or processing charges involved. Such loans are a literal lifeline to financially beleaguered claimants who must bide their time until their claims are favorably settled. Settlement loans enable them to cover the costs of daily living, legal expenses, medical bills, professional maintenance costs, investigator’s charges, etc.

Financing firms have become very competitive in priding settlement loans and vie with each other for customers. This translates into increasingly favorable terms of interest. In addition, there is an increased flexibility in the provision of settlement loans, meaning they can be distributed over a period of time or a single up-front payment. Courts now require attorneys to inform financially constrained clients about the availability of such loans.

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