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Lorenza Eichmann
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What are the advantages of cash payment?
There are many advantages of cash payment. First off, cash is the most common form of payment around the world. One does not need to know any other information such as a pin number to use cash. Cash is easy to carry and has no fees for use.
What is the method of Accounting for Securities where the transactions are recorded on the date the securities settle by delivery or receipt of the securities and the payment of cash known as?
settlement method
When might one receive a cash settlement?
A person may be in line to get a cash settlement when they have a large structured settlement owed to them. It could be winnings from a law suit, or will, or some other winnings. You can get what is the equivalent of an advance on those payments.
How do you record journal entry for cash?
if cash received then cash is debit while if cash is paid then cash is credit with other account towards which payment made or amount received.
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
What is the other term for the cash payment settlement insurance option?
don't know
How much money am I losing if I decide to go the route of cash for settlement?
The amount of money you will lose if you take a cash settlement depends on the amount of the settlement. Usually the amount you lose is worth it if you need the cash or don't want the other settlement option. If the other option is stocks then cash might get your more at this time due to the ups and downs of the stock market.
How can I get a payment advance on my cash structured settlement?
There are many organizations that advertise on television that offer payment advances on cash structured settlements. In addition to them, a good one online is www.stonestreet.com. A structured settlement spells out the terms of the settlement and when the settlement payments will be made. There is not a way to get a advance on that.
When you am awarded a cash settlement how long does the other party have to pay it?
The timeframe for the other party to pay a cash settlement can vary depending on the specific circumstances of the case and any agreements made. Generally, the other party is expected to make payment within a reasonable amount of time, which could range from a few weeks to a few months. It is advisable to consult with a legal professional or refer to the terms of the settlement agreement to understand the specific payment terms.
How can I get cash for my structured settlement payment up front?
As part of the settlement negotations you can ask for payment up front. This can be handled with your attorney. Contact a company who buys settlement payments. You will only be eligible if your settlement is for more than a specific amount, which varies by the company offering the upfront payment.
Where can I search for cash for settlement online?
www.acsfcorp.com looks like a good option
What are the drawbacks of going after a cash settlement?
A cash settlement is usually some type of lump sum payment offered to those who receive structured settlements. The drawbacks include low cash offers that prey on those who need cash now, and more of a tax burden when you take the lump sum option. Sometimes when you take a cash settlement versus timed payments, the total overall amount is decreased. Also, you will need to pay taxes all at once, which can be a hefty sum.
Can the cash for down payment includes the closing cost?
A total down payment includes the required down payment for the loan and whatever settlement charges are not being paid by the seller. If this is related to that FHA question earlier, it would be 3.5% plus whatever settlement charges aren't being paid by the seller. If you're coming up short, you might have the option of raising your interest rate and having less or no closing costs.
What is structured settlement cash for?
Structured settlement cash is a regular payment that you receive as a result of some types of insurance or law suit claims or as part of an annuity and is often payable until the end of life. Depending on their origin, these payments may or may not be taxable income. The settlement cash is usually used to cover your living costs but can usually be spent in any way that the recipient wishes unless there are specific terms attached to the payment.
What are the advantages of cash payment?
There are many advantages of cash payment. First off, cash is the most common form of payment around the world. One does not need to know any other information such as a pin number to use cash. Cash is easy to carry and has no fees for use.
Is this a good time to cash in your pension?
Sometimes companies will give employees the option of taking a cash settlement in lieu of lifetime monthly payments under a defined benefit pension plan. In an era of low interest rates it may be difficult for an individual to invest a lump sum payment and realize a return that would equal or exceed the current monthly pension payment. Keep in mind that companies offering a cash buyout of a monthly pension payment are doing so because it is in their best financial interest.
Are there any online companies that offer cash advances for a settlement?
Depending on the type of settlement- structured or otherwise- you are seeking, you could try NovationCap.com or PatriotSettlement.com. InjuryFundsNow is another option.
