Rescue Capital Blog Your Money, Your Way

11Jun/13Off

Pay off high interest debt

Posted by Rescue Capital

Rescue capital can help you pay off high interest debtGetting caught in the never ending cycle of trying to pay off high interest debt can be frustrating. It could be credit cards or store credit. It could be a car payment with a high interest rate. Whatever it may be, you may have limited or fixed income and can never seem to dig yourself out of the hole. You have monthly bills that you have to pay every month just to get by. Sometimes you can only afford to make the minimum payment on that credit card with the high interest rate. It seems that no matter what you do, you can never bring that balance down. You may get lucky one month and get a bonus or someone who owes you money finally gives you some of it so you put it down and see it drop a little bit. Yet, you do the math and realize it could take you 10 years to pay it off at this rate. 

So, what is there to do ? You could take a risk and pay one of those debt settlement companies to negotiate on your behalf to pay some of it off, only to find out if you do that your credit will  take a big hit. You could borrow more money from somewhere else and pay it off but that just creates a new debt obligation to some other company. You don't really solve any problems there.  So what real options are out there ?

If you have a structured settlement annuity, there is a very real option. At Rescue Capital, we talk to people all the time that are in the same situation you see yourself right now. We look at the future payments you have coming and we create some options for you. We look at how much money you really need to just pay them all off and start fresh. Many times it means just selling some of your payments. We  make sure its in your best interest and then we walk you through the process, step by step. When it is all settled, you get a lump sum payment sent straight to you and let you you start fresh, debt free. Give us a call and we can take a look at your situation 1-866-688-3532. If you don't have the time to talk now, just fill out a free quote request online right here and we will get back with you when you have more time .

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15Mar/12Off

Washington workers comp legislation and medical network update

Posted by Dawn Anderson

Recently workers, employers and regulators in Washington State were given the ability allowed to negotiation structured settlements for injury claims of Washington State workers age 55 and older because of the H.B. 2123 legislation. As you may recall, the Department of Labor and Industry (L&I) held a series of public hearing concerning the rules for implementing this legislation as well as SSB5801 which established a workers’ compensation medical network. The state is currently finalizing rules for structured settlements.

Starting January 1, 2013 the state will launch its medical network to care for injured workers. Physicians, chiropractors, naturopathic physicians, podiatric doctors, advanced registered nurse practitioners, physician assistants, dentists, and optometrists are able to enroll in the network now. Out-of-state providers as well as other provider types can continue treating the injured workers until they are allowed to join the network as long as they have an L&I provider number. Current L&I providers must re-apply.

Once the network is launched, injured workers will not be able to see non-network providers after the initial visit and out-of-network providers will be denied payment after the first treatment.

The provider network is expected to save $218 million over the next four years. Allowing injured workers age 55 and older to choose to receive their benefit in the form of a lump sum payment, rather than stretching out benefit payments over many years is expected to save the state $1.12 billion over the next four years.