The Cash Now Question - Article for "Need Cash Now"

Article for "Need Cash Now"

If you've ever experienced a bind for cash you realize the strain, the weight of not being able to repay what you owe. In these desperate times, desperate measures in many cases are taken. Expensive loans, overused charge cards, along with 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 millions of miles away. On the scene arrives your hero, the "Cash Now" guy. The "Cash Now" guy says he can buy your lawsuit settlement and provide you with a lump sum for this. Obviously, you have to have a structured settlement; you need to be receiving annuity payments, on top of a myriad of other qualifications. So if you are a case winner by having an annuity settlement, is it really as good as it seems? Can cash now ease your financial woes? Maybe, but not, the treatment depends on your situation. The formula is straightforward. Does solving your money problems today outweigh the cost to obtain an advance on your future annuity payments? For instance, paying what means a one time 25% interest fee on $30,000 might be worth the price in order to save your home and steer clear of bankruptcy. If you're behind on charge cards, which ask you for an absurd 24% interest rate, will it make sense then to consider a lump sum payment option? The credit card rates are much better than the discount you would pay. Let's say you'd to stop $30,000 of your $75,000 lump sum payment due in 8 years? Will the $45,000 you get today compensate for the 30k throw away? Annuities and structured settlement suits are intended and scheduled to satisfy the future needs of the recipient. The fee for accelerating those payments is exorbitant. Researching alternative options is essential, and also at no more the day, it's your sanity that makes the final argument. Is cash now an answer to your prayers? Most likely not but, it's a choice in your list. And it's time to get started on that list before your bills obtain the better individuals.

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