Archive for May, 2008

More than 80 student lenders have stopped making frederally guaranteed student loans temporarily or permanently as a result of a distressed credit market.

According to a May 22 article in USA TODAY -

Sallie Mae’s shares jumped Wednesday after it became known that the Bush administration is preparing to help struggling lenders in the student lending market by having the government buy up their loans.

As families feel the increased cost of living fueled by raised prices in wheat, corn, fuel, and household consumer goods, many families that have children who are preparing to graduate and continue on to a college education are finding alternate ways to provide for tuition.

Individuals that are currently receiving payments from a lottery, annuity, or structured settlement are able to get a large cash lump sum to pay for many things including but not limited to tuition, credit card debt, new home purchase, and vehicle purchases.

Structured settlements saw their evolution in the early to mid 1980’s when one time cash lump sum payments started to become the less attractive solution for many insurance companies.

Today, more and more individuals awarded settlements, or people collecting annuity and lottery payments have found that access to a large cash lump sum has provided more relief than Bush’s stimulus package.

Pressure to compete in a dwindling job market keeps enrollment at universities at a incrementally increasing rate. With costs in everything from living to travel and education soaring, many are reaching to available cash flows rather than mid or high interest loans to make college and post graduate education a reality

Feds have trimmed a key interest rate by a quarter-point to 2%. Minutes of an April Fed meeting said that members viewed this decision as a close call. Officials see the economy falter as as the inflation rate rises uncomfortably fast, limiting their ability to cut interest rates to spur economic growth.

As stocks flat line, cash flow purchasing companies compete aggressively making it the most ideal time for sellers to make sure they are getting the most for their money. Selling future payments from a settlement, annuity, or lottery winning to obtain a large lump sum of cash has been a life saver for thousands of American families who needed more than a small rebate check from the government to get back on track.

People are realizing that they can do a lot more with a large sum of money readily available to them to use as they see fit. With proper planning and investment of these monies, they will likely see a greater return than to have to settle for the restrictive smaller payments they are currently receiving.

If you or someone you know is interested in learning more about how to sell your structured settlement , annuity, or lottery payments for a large lump sum, call click or visit Woodbridge Investments today.

Find out how much your future payments are worth at no cost or obligation to you. Call 1-866-865-7044 toll free or visit www.woodbridgeinvestments.com today!!!

Your structured settlement payments could be holding you back from moving forward. Find out how you can overcome the restrictive periodic payment nightmare. Learn about your rights to sell your settlement payments, and how you can make them work for you and your loved ones.

Brian Carey, a 64 year old veteran never had a broken bone in his body. He had survived Vietnam, two marriages, and the loss of his son. He was active in his community and was known as Mr. Carey fix it, the neighborhood handyman. He kept active, tended to his family, friends, and anyone who needed help.

What Mr. Carey could not survive was the impending and inevitable foreclosure on his home, the burden of debt that had accumulated, and the drastic changes to his lifestyle. He had not spent his money frivolously, he had worked hard his whole life, supported a family, and was a generous grandparent.

His entire life changed in a fraction of a second, when a laden pallet of concrete blocks came crashing down on top of him. He suffered multiple injuries, several surgeries, and weeks of recovery. During his hospitalization, and post op recovery bills, and payments were piling up.

Mr. Carey struggled to regain mobility but his spine and legs had sufferred permanent damage. He would now be confined to using a chair or electronic mode of transportation.

Almost a full year after the accident, Brian Carey was awarded a settlement for his injuries. He began collecting monthly payments in addition to his pension hoping the additional income would be able to get him caught up on his mounting bills ,and be able to make some future changes to his home to accomodate his new way of life as a person with disabilities.

Mr. Carey’s credit card debt had gone through the roof, his credit was diminished by late and non existent payments. Medical supplies and equipment were a fortune but necessary. With nowhere else to turn he broke down and confided in his daughter about his dire straits and bleak financial situation.

“Dad,” she said to him, “Isn’t your settlement money helping you?” Sadly, he shook his head, and explained that had he not been so far behind, and had to wait so long to obtain the settlement, it may have been helpful, but trying to recouperate from nearly a year of medical costs, physicians’s fees, out of pocket expenses not covered by insurance, and sky-rocketing credit card debt, it just wasn’t near enough.

Mr. Carey’s daughter went to speak to a financial advisor and bankruptcy attorney the next day. After revealing that her father was receiving small periodic settlement payments, the financial advisor inquired if he had considered selling his structured settlement payments or part of them to get a large lump sum of money that would significantly and almost immediately help him improve his nearing improverished state of affairs.

Stunned with the realization that this was a possible option, Maryanne Carey called her father and asked him if he would like to look at the possibility of finding someone who would purchase some of his structured settlement payments. She informed him that companies like Woodbridge Investments, J.G. Wentworth and Peachtree Funding often bought structured settlement, lottery and annuity payments for a lump sum of cash.

Mr. Carey was able to collect a large lump sum of money that he was able to use to pay off his debt, medical expenses, and make much needed renovations and alterations to his home. Some of the renovations included the widening of doorways, enlargin the bathroom, and a wheel chair accessible entry to the home.

A portion of the the funds he received was also paid to the mortgage company to not only bring his loan current, but he was also able to secure a loan modification that reduced the interest on the life of the loan.