|
Credit Report – Check Yours Regularly… And For Free
In the twenty-first century, there are few documents that have a greater impact on the lives of Americans then their credit report. Credit rating determines one’s ability to buy a home, a car, or to obtain a credit card or a job. Since these things...
New Bankruptcy Law Will Not Protect You from Identity Theft
Recently passed by Congress with overwhelming support, the oddly-named Bankruptcy Abuse Prevention and Consumer Protection Act was designed to eliminate “bankruptcy of convenience.” The perceived problem is that many compulsive gamblers, shoppers...
New Bankruptcy Legislation May Make it Harder to Find an Attorney
The recently passed Bankruptcy Abuse prevention and Consumer Protection Act will make it harder for people with problem debt to have their debt eliminated through filing for bankruptcy. This new legislation will make it harder to have debts wiped...
Student Loans Can’t Be Swept Away Through Bankruptcy
Bankruptcy is in the news these days, as Congress has finally overhauled the Federal bankruptcy law after years of talking about it. The credit card companies, rightly or wrongly, have been pressuring members of Congress to tighten the bankruptcy...
What is a Structured Settlement
A Structured Settlement is an agreement between a personal injury
victim ( a Plaintiff ) and an Insurance company ( the Defendant )
to compensate the Plaintiff by the defendant with long term periodic
payments instead of a single cash lump sum....
|
|
| |
|
|
|
|
|
|
Credit virus Debt
Secured And Unsecured Debt. What's The Difference?
It’s easy to just think that debt is just debt, but in reality,
there are different types of loans, and it’s important to
know what which type you have.
You will need to understand the differences in order to
be a good money manager, or, if the worse happens
and you find yourself turning to credit or debt counseling,
you’ll need to understand how different types of debt
can be handled. Let’s take a look at two types of debt;
secured and unsecured loans.
Secured debt is a loan that has something attached
of value attached to it—this is called collateral.
The most common examples are car loans and mortgages.
Collateral can be cash or the item (or items) that you
borrowed in order to get. (For example, your car.)
With secured debt, if you fall behind on your payments,
the collateral can be repossessed and the lender will
sell it in order to collect the money that they are owed.
But that doesn’t always put you in the clear, in reality,
even if the collateral has been repossessed or foreclosed
on and sold, you may still remain liable for any balance
remaining until the entire amount of the loan is paid off.
Additionally, with secured debt you cannot negotiate
payments or any restructuring through credit counseling,
and oftentimes you won’t be able to discharge the debt
by filing for bankruptcy.
On the other hand, unsecured debts act totally different.
Most people associate unsecured debt with
a credit card
or a personal loan without collateral. But it can also be a
commercial debt or a medical debt.
Essentially, this type of loan is structured around a good
credit history and a personal promise to re-pay the loan.
There is no collateral on this type of debt, and the creditor
has no assurance – other than your agreement to repay
on pre-determined terms – that they will get paid.
If you fall behind on one of these debts, a lender can send
your account into collections and take legal action.
More often, they will attempt to try and work out a
reasonable debt settlement.
These debts and loans can be discharged, or restructured
in bankruptcy or through credit counseling. The bankruptcy
laws are changing.
Because of the lender’s risk factor, you will generally pay
a higher interest rate on these types of loans.
Most people have a mixture of both secured and unsecured
debts, and both should be managed with the utmost care and
concern. Many times, someone just starting to build their
credit history will have to prove themselves with a few,
small unsecured debt loans and re-payments in order to
qualify to buy a home or a car (secured debt).
But overall, the most important thing is to treat each one as it is;
a potential good mark that will improve your credit rating.
About the Author
I have written numerous articles on identity theft and credit repair.
I have a web site with inforamtion on many items.
www.nothing-but-info.com
|
|
|
|
|
| National Structured Settlements Trade Association (NSSTA) |
| Provides structured settlements using periodic payments to resolve claims. |
| www.nssta.com |
|
| Structured Settlements |
| Setting up structured settlements for personal injury claims. |
| ilf.hartfordlife.com |
|
| Structured Settlements, Structured Annuity, Structured Settlement ... |
| Full-service plaintiff structured settlement firm since 1986, providing services and strategies for personal injury lawyers and clients during the ... |
| www.structuredsettlements.org |
|
| Structured Settlements | Annuity Purchasers |
| Structured Settlement Buyers. Purchasers specializing in structured settlements and lottery winnings. Site contains attorney, broker and investor ... |
| www.ppicash.com |
|
| Structured Settlement Cash for Structured Settlement Annuity ... |
| Annuity Transfers Homepage - Buyer of Structured Settlements · Home | Sell Your Payments | Brokers | Investors | Testimonials ... |
| www.annuitytransfers.com |
|
| EPS Structured Settlements Group: A Structured Settlements Company ... |
| EPS Settlements Group is located in Denver, Colorado and is a founder of the structured settlements industry. |
| www.epssettlements.com |
|
| Mckellar :: Structured Settlements |
| News. ... Skip Intro Always >> |
| www.mckellar.com |
|
| The Structured Settlement - What You Need To Know |
| About two thirds of states have enacted laws which restict the sale of structured settlements, and tax-free structured settlements are also subject to ... |
| www.expertlaw.com |
|
| Settlement Capital Corporation - sell structured settlements,sell ... |
| Direct purchaser of structured settlements and other annuities. |
| www.setcap.com |
|
| John Hancock Insurance and Financial Services :: Explore Our ... |
| A structured settlements annuity provides injury victims or the victim's ... John Hancock Structured Settlements and Attorney Fee Annuities are just two ... |
| www.johnhancock.com |
|
| Structured Settlements - Prudential Financial |
| Your company may become liable to pay a settlement as the result of a legal proceeding. A Structured Settlement Annuity provides ongoing periodic payments ... |
| www.prudential.com |
|
| Finance - Structured-Settlements Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| Understanding Structured Settlements: A Novice's Guide to the ... |
| Learn what a Structured Settlement is in plain English. Find Structured Settlements company, payments, broker, annuity and loan info. |
| www.noendpress.com |
|
| structured settlements, personal injury, annuity, disability, accident |
| Structured Settlements allow income to be spread over time, which is safer ... Structured settlements are often ideal under the following circumstances: ... |
| www.structuredsettlementhelp.com |
|
| Structured settlement - Wikipedia, the free encyclopedia |
| Structured settlements were first utilized in Canada and the United States ... Structured settlements are now part of the statutory tort law of several ... |
| en.wikipedia.org |
|
| Structured Settlement vs. Lump sum - What to do? |
| More and more claimants are choosing structured settlements. ... Most structured settlements come in the form of an annuity, which is sold by a third party, ... |
| injury.freeadvice.com |
|
| Welcome to The Halpern Group, experts in structured settlements ... |
| Offers structured settlements, consulting and negotiation services to attorneys representing injured clients. |
| www.halperngroup.com |
|
| Structured Settlements Leader J.G. Wentworth, JG Wentworth ... |
| Structured Settlements Leader JG Wentworth, JG Wentworth Settlement Funding - More than 25000 individuals have come to JG Wentworth to finance their dreams ... |
| www.jgwfunding.com |
|
| DOG BITE LAW - Structured Settlements |
| For those reasons, changes were made to the Internal Revenue Code that enable knowledgeable attorneys to create "structured settlements." ... |
| www.dogbitelaw.com |
|
| Structured Settlements Law – Lawyers, Attorneys & Free Legal ... |
| I am confused by the number of internet sites that plug offers of structured settlements, sale of structured settlement annuities, and attorneys who offer ... |
| injury-law.freeadvice.com |
|