Mortgage and Loans - Mortgage Refinance, Home Loans |
| Posted: 12 Jul 2011 01:50 AM PDT  Payment Protection Insurance (PPI) is a common feature of many loans and is often offered by your lender, whether this is a bank or another form of loan company. The idea behind PPI is to give you peace of mind that, in the unfortunate event of you being unable to keep up with your loan payments, for whatever reason, those payments will still be met by the company who sold you the PPI. You can get it on loans such as debt reconsolidation, car loans and home loans.
The most common reason for claiming against your Payment Protection Insurance policy is if you find yourself unemployed or otherwise out of work. This often leads people to be unable to keep up with all the payments and bills they normally have to make, so having PPI can be massively helpful in this situation. It’s also useful to have an insurance policy in case you have an accident, as this can also leave you in the unfortunate position of being unable to work and meet your payments. When looking to make a claim on your Payment Protection Insurance, you should first double check your terms and conditions to make sure your specific circumstances are covered by the policy. If you are unsure whether this is the case, you should contact the company in question to find out in more detail about what situations are covered for claims. As long as you were careful when buying the policy, this shouldn’t be a problem but people can be caught out so checking is important. Once you have determined that you are eligible to make a claim on your Payment Protection Insurance, you should then follow the company’s procedure for making a claim. Often this will involve an initial phone consultation to put things in motion. You’ll also need evidence to back up your claim, such as proof of unemployment or a doctor’s note detailing your accident, so gather together as much documentation as you can and set everything out in writing so you can send it off as proof. This should be sufficient for you to claim against your Payment Protection Insurance policy, but you should always make sure to tell the company as soon as you are able to take over making payments again yourself. You should also remember to ask them what happens to your PPI payments while they are paying off the loan for you, as you generally shouldn’t be paying for PPI if you are out of work. Find out about their procedures so you can make sure everything is done by the book. Find Out More : PPI Claims |
| Loans to Attorneys with Structured Fees: Matt Bracy Posted: 11 Jul 2011 09:38 AM PDT  factoringchannel.squarespace.com Loans to Attorneys with Structured Fees Matt Bracy What is Factoring? More and more attorneys are taking advantage of a new product available through structured settlement brokers and settlement planners — the structured attorney’s fee. In a nutshell, attorneys are able to take large fees over time instead of in a lump sum. Done correctly, this structuring will provide excellent financial and tax planning. “Bust or Boom” cycles can be evened out, and income taxes are only due in years when the payments are received. Structured settlement commentators like Jack Meligan, Mark Wahlstrom, and John Darer have discussed the rising use of “non-qualified assignments” for structuring legal fees and other non-personal injury damages. What about liquidity if and when needed? What about the unplanned crises where more money is needed? Settlement Capital can provide loans to qualified attorneys with structured fees. These are not governed by state structured settlement transfer laws or IRC 5891, so no court order is required (ordinarily). For more information, please watch this video interview with Mark Wahlstrom.
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