It’s a horrible thought, it’s been 18 months since your accident and your lawsuit has finally reached a favorable verdict and you were awarded monetary compensation. Then, you get notification from your attorney that the defendant in your lawsuit is appealing the verdict. This means you’re going to have to wait even longer before you can receive compensation; while hoping the verdict remains the same in the higher court the case is being appealed in. What can a plaintiff in this type of situation do? The plaintiff has the option of applying for a lawsuit post settlement loan.
A post settlement loan is really the same concept as a pre lawsuit settlement loan, instead it’s applied for after a verdict has been reached in favor of the plaintiff, but the defendant has appealed the case in a higher court. Appealing a lawsuit verdict is common practice in civil law. It also prevents the plaintiff from getting his compensation and allows the defendant to try and over turn the verdict in a higher court; thus leaving the plaintiff with nothing. By the end of a lawsuit the plaintiff will most likely have lots of bills to pay (including medical, legal, car\auto, etc). This is why a lawsuit post settlement loan can be an excellent choice in a situation where the defendant has appealed the verdict.
A lawsuit post settlement loan is the same concept as a standard lawsuit loan; the only difference is you apply for a post settlement loan “after” a verdict has been reached and the defendant is appealing the verdict; unlike a traditional pre settlement loan where you’re getting the money “before” a verdict has been reached. Post settlement loans are non-recourse debts; this is due to the fact that if the defendant’s appeal gets the verdict overturned you are “not” required to pay back the money given to you via the post settlement loan.
As you can tell this is an excellent way for a plaintiff to access to funds if they are in need of cash. It’s common for plaintiffs in long drawn out lawsuits to build up debt during the period of the lawsuit; some plaintiffs even get on the verge of bankruptcy or actually have to file for bankruptcy. Don’t be one of the statistics, let a post settlement loan prevent you from financial ruin and get access to cash you need, when you need it. If you’re ready to learn more about a post or pre settlement loan then continue below.
Question about loan
What is a good loan consolidation program for Federal and Private student loans?
I am looking for a good student loan consolidation program that will take on both my Federal and Private student loans from Sallie Mae. If you know of any good ones that you have heard of or used in the past, please leave a description or website so I can look into it. If you are a loan company, don't bother answering the question as I will mark it as Spam. Thanks.
Are you a plaintiff looking to apply for a settlement loan? Then you should visit the Legal Settlement Loans website, we provide information to plaintiffs looking for a settlement loan. You should review the benefits of a settlement loan prior to deciding to apply.
anyname666, here’s your gold price update for December 25, 2009.
Gold closed at $1104.10, on Dec 24, 2009.
Gold is up $154 since August 2009 for a return of 16.2% in 4 months.
Gold has already beat the return on your apartment for an entire year, and in only 4 months!
Merry Christmas!
I'd suggestion contact your bank, credit card company or perhaps asking your family or friends.
BTW, you are getting $1000 a month and don’t have a job? You are living on $1000 a month, before taxes and expenses?
What you should do is get rid of your renter, move into your apartment, and get a job that pays you better so you won’t be living below the poverty line.
When your federal educational loans are in default, you have several options:
You can repay the loan in full.
You can negotiate a new payment plan with your lender.
You can "rehabilitate" your loan.
You can consolidate your loan.
Obviously option one is rarely attractive or possible for defaulted borrowers.
Option two (renegotiate) should be investigated fully – most borrowers skip this step, but it's probably the best option for most people. Call your lender and ask to speak to someone in the "Workout" Department. Explain your situation to them (there's nothing unusual about it) and ask what options are available to you for switching to a graduated, extended or income-sensitive repayment plan. If your lender will agree to change your repayment plan, a few regular payments will get your default status removed, and the new plan may be easier for you to keep up with.
Option three (rehabilitation) is really a specific form of a workout agreement. It probably won't help you much in your situation, because it requires an agreement between you and the lender that will allow you to make 9 consecutive on-time payments of some agreed-upon amount.
Option four is everyone's favorite, but you must absolutely understand what a consolidation loan will do. To keep this utterly simple – a consolidation loan is a brand new loan that will pay off your old, defaulted loan. A consolidation loan MAY lower your monthly payments, but understand how this works. A consolidation loan never lowers your payments by wiping away some of your debt – a consolidation loan lowers your payments by stretching out the length of your loan. If you pay less every month, you'll make many additional monthly payments, and – in the end – you'll pay far more back than you would have paid on the original loan.
As an example: Suppose I lent you $100 and you agreed to pay me back in 2 weeks by paying me $50 a week. You came back a few days later and explained that you weren't going to be able to afford to pay me $50 – is there something else we could do? "Oh, absolutely," I'd say, gallantly. "Instead of paying me $50 a week for 2 weeks, how about if you only pay me $10 a week for 17 weeks?"
See – in the end, you'll pay me back $170 instead of $100 – that's how a consolidation loan works. But remember – we're not talking a $100 loan for a couple of weeks – by the time you pay that $5000 loan of yours back over many years, you'll pay a few thousand more than you might have paid if you didn't consolidate that loan.
I've attached some information about consolidating from the Department of Education – take a few minutes to read it over. If you do choose to go this route, be sure to consolidate with a reputable lender (or directly with the government) and not with some fly-by-night operation that you learn about from some pay-per-click site shilled on Yahoo! Answers.
Good luck to you!
I'm not sure why you would want to get a home equity loan to pay off student loans. Typically interest rates on student loans are much lower than home equity loans. It is true that you can use interest paid on a home equity loan as a tax deduction, but you can also use interest paid on student loans as a deduction.
Nope. It will no longer be a student loan then. You may be able to consolidate several student loans into another student loan at a better rate, but if you pay it off with a personal loan you'll be left with a non-deductible personal loan.
Your debt-to-income ratio is always a factor with loans. In addition, your credit score is a huge factor.
To have a mortgage loan you must have land involved, so no trailer park rentals. Lender's are not fond of mobile homes because they lose value – unlike a stick-built home which will appreciate in value. You are unlikely to find 100% financing for a mobile home. 90% or less is the norm and that is with good credit. Your interest rate will be higher as well.
If you are buying this as an investment (in your own future-not as an investment property) you should look into a modular home. Anything but a mobile. You won't get out what you put into a mobile. That said, there are some very nice mobile homes out there.
yup, the values fluctuate, only real estate is “fluctuating” in the DOWN direction and gold is “fluctuating” in the UP direction.
And if you yourself are going into renting real estate, I guarantee that you will lose everything. Are you completely unaware that real estate was in a huge bubble and just burst? If you are, you are the only one on the planet who doesn’t know.
You read some interesting stuff in a book, but it is the wrong market RIGHT NOW for renting.
Well 7 you just keep making up stories and then wait 10 years
If we can each remember
You contact me and tell me how many oz of gold you have then and we will see what the value of apartments are then compared to now
Real estate historically doubles every 10 years despite the ups and downs.
Gold is only up a few hundred dollars in 29 years since Jan 1980 when it hit its all time high (adjusted for inflation [$2000])
BTW gold is down the past 18 days and has lost 12% since Dec 1st ROTFLMAO
All I can say is, if you own the motorcycle, take it back. If he does, tell him to get a title loan. He can make payments but depends on what he still owes you.
real estate only historically doubled since WW2 – and that trend was linked to the US dollar’s role as the world’s reserve currency, which is coming to an end.
and gold was overbought (not a bubble), and will continue going up – remember, as you just said, prices fluctuate. But you can be sure gold will continue its upward trend.
Promise me you won’t cancel your youtube account, and I’ll try to keep you updated on gold’s price rises for the next five years.
I know landlords. It ain’t that simple kid.
HEY 7 ~~ Merry Christmas 1 of 3
1st Rule of Real Estate ~ never buy in a rent control area
2nd Rule of RE ~ your rent increases & decreases with the value of the building, maintaining for the most part 1% return per month
Proptax in CA. is 1.2% per year insurance 1% per year maintenance about 1% etc.
Over all u gain dividends each month plus the value of the property fluctuates (like gold) with the economy. Over time you collect every bodys gold & still have a building worth one building
We both start with an apartment and a sport car.
I sell both and buy 150oz of gold.
You rent and take in $1000 a month (which is high), and buy 1oz a month. After 5 years, gold is at $3000( an you can only get 1/3 of an ounce gold per month) On average you buy 2/3oz of gold per month.
After 5 years you took in 40oz of gold, but the apartment and car are worth only 33% or 50oz.
So after 5 years and lots of work you have 90 ounces.
While I still have 150oz plus whatever more I accumulated.
Nope, sorry, but personal loan won't qualify, as you will have nothing in writing to say that it is student loan interest.
No one will "take over" your loans. You will still owe the money to your lender when you are in forbearance. They will simply add interest every month while you are making payments.
If you are asking about defaulting the lender will just contract out with a collection agency to start calling and hounding you to mail them payments. If you make 6 to 12 months worth of willing and reasonable payments you can ask your lender to "rehabilitate" your loan. This is when you are issued a new loan and pay off the one in default so you can get federal fin aid again. Again, rehabilitation can only be done after you have made 6 to 12 months of payments.
I own apartments & a little gold
You own a little gold and no apartments
I collect rent in an up market and I collect rent in a down market
You just go to work day in and day out and keep trying to buy gold
I have to drag my ass over to the apartments once a month to collect the rent
WHAT A DRAG
See ya in 10 years