In GoArticles, Ezine Articles now has a rival in the companies with a cadre on non-experts giving advice on life impacting financial decisions. Today’s dud is a repeat… Jimmy Wilson, the Real Estate agent from Gallatin TN.
Jimmy Wilson A structured settlement is a financial tool used in the settlement of personal injury or windfall cases.
SS4R Correct on the former, dead wrong on the latter. Structured settlements can only be used in cases involving damages for physical injury or physical sickness (and derivative claims), plus workers compensation. You’ve heard the famous EA Sports tagline "It’s in the game"? Well in this case "it’s in the tax code". In your face Jimmy Wilson!
Jimmy Wilson Structured settlements is a solution that often resolves immediate needs of releasing funds due you but at a much faster pace. Granted there are penalties for opting for a cash settlement. At the point you have decided to capture your net payment into a single reduced total amount, you have entered into another decision that is worth considering carefully.
FICTION-what Jimmy Wilson describes is not a structured settlement How about that grammar too?!
Jimmy Wilson Structured settlements are like a stock option or a savings bond, in that the sooner you opt to cash out the lesser the amount you receive. Not only can you act too quickly but this is a negotiated price. Don’t act too hasty here, it will finalize your payments forever.
FICTION-would’nt the SEC like to get a hold of Jimmy! Structured settlements are nothing like a stock option. While payment streams from a structured settlement can be customized to resemble the cash flows from a bond held to maturity, they are NOT a bond and NOT a security.
Jimmy Wilson There are a number of structured settlement companies that will gladly seek your business. After all look at what they stand to gain. Would you, if you had the capital, buy one million dollars for a reduced rate of $500,000, and all you had to do was accept the one million dollars paid over let’s say 15 years? Of course you would. How hard is it to do if buying money with a 50 percent return was assured?
FICTION-what JImmy is describing is a factoring company not a structured settlement company. I also believe his math may be "a little off".
Jimmy Wilson The key to making the best decision on who to do business with, is to consider the fact, you hold all the negotiating clout in this situation. You have the absolute best assets in the world, cash, and who is willing to pay you the most, immediately, for it.
FICTION-Non sequitur. Jimmy Wilson is talking about transferring or selling and sset and then he’s saying you have the best asset in the world cash. Who proof reads this "shyte"?
Jimmy Wilson In choosing the right structured settlement, investigate each company by asking to refer some of their clients for your opportunity to discuss if they felt they got the best deal and by what process did they choose a particular structured settlement firm. This will make you feel much more at ease, in making your most important decisions about liquidating your assets.
SS4R Common sense, if only he was referring to the correct terminology. What JImmy Wilson describes in not a structured settlement, he is describing a factoring transaction.
Ezine Articles, Go Articles , Article Dashboard enable any sort of writer to syndicate articles and get information out to the masses. Unfortunately for consumers the lack of screening done by these services means that unqualified non-experts get air tme. In my opinion more harm than good comes from these syndicaters. Any consumers interested in any of the following topics, about structured settlements, should reject or dimiss anything posted on Ezine Articles, Go Articles or Article Dashboard with any of these terms.
- Structured Settlement Facts
- Structured Settlement Definitions
- Best Structured Settlements
- Structured Settlement Advice
- Structured Settlement Information
- Structured Settlement Companies
- Structured Settlement Annuities
- Structured Settlements
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