Sometimes stuff happens that is out of your control and you need money fast. Perhaps you thought of using a payday loan, title loan or refund anticipation loan to get yourself out of a jam. What most people find is that they only dig themselves deeper into their financial hole because these loans are so expensive and risky.
What if I told you there was a way to get the money you need now without having risk of high interest loans with reoccurring payments? It is really a very simple concept that can give you access to your future money today, in the convenience of a lump sum payment. So what’s the catch? Well you need to have periodic payments from a structured settlement annuity, divorce settlement, a single premium immediate annuity, life insurance policy, inheritance, royalties, or a pension in order to take advantage of this program.
With the Illiquid Asset Purchase Program from Rescue Capital, you can sell some of your future payments for a lump sum cash payment. Rescue Capital has an A+ Rating with the Better Business Bureau and offers the best rates around. They’re rates are much lower than high interest loans and credit cards. There are no income requirements or credit checks because selling your future payments isn’t a loan. There is no affect to your credit score and you can’t default. You do not have to pay any of the money back either.
According to John Zepeda at Rescue Capital, "In our current economic climate we are seeing many people who living paycheck to paycheck. So when an emergency happens they’re in a real bind. Luckily, they can use a portion of their future payments to get the money without incurring more debt."
Rescue Capital’s team of experts will guide you through the entire process to ensure all your financial goals are met. Many individuals think that they have to sell all their payments and they don’t know about other options such as deferment. With a deferment you can delay selling your payments for several years, which allows you to get the cash now but your periodic payments won’t be reduced until later.
According to Rescue Capital, COO Maureen Healy, “Sometimes you need a small amount of money to get back on your feet such as money to move or start a business. In those cases a deferment makes a lot of sense.”
Rescue Capital can provide you with a free market analysis of your asset as well as no-obligation written quote.
In every aspect of our daily life we come face to face with fine print. From service agreements to advertisements, you are sure to see fine print containing hidden fees, restrictions or reoccurring charges. Consequently, even purchases that on the surface seem minor can have huge affect on our finances.
Why don’t people read?
Whether it is lack of time or inconvenience, many people are too busy to read the details of contracts, agreements or advertisements. Others are too embarrassed too admit they don’t understand what they are reading. Businesses outline the details of their offer in the fine print including hidden charges. The fine print is what protects their interest.
What happens if you don’t read?
Unfortunately, if you sign a contract, agree to terms or buy something without reading the fine print you are still bound by its terms. You are giving your rights to the other party. If there is a dispute later, you will lose especially if the agreement contains an arbitration clause, which prevents you for suing.
Service contracts-Cell phone carriers, cable companies and many other service providers have early termination fees if you decide to discontinue service before the contract ends.
Free trials-Sometimes you are offered a free trial of a vitamin or beauty aid. In exchange, you are subjected to service fees, shipping or reoccurring billing that requires you to call to cancel.
Leases-Leases are no fun. They restrict your use of the apartment, define how you can alter the apartment (no nails in the walls) or levy fees for bounced checks as well as breaking the lease.
Memberships-Many times they entice you with a free item such as a credit report, book or movie. Other times, it is a discounted item that lures you in. Regrettably you agree to a service with reoccurring billing or you are required to buy several items at full price before you can end the contract.
Restocking fees-Sometimes, if you want to return the item, you are subjected to a restocking fee. This is common in consumer electronics, equipment as well as furniture where the fees can be as much as 50%.
Software Licenses-Most people don’t read them but they typically limit the software company’s liability, define acceptable use as well as define restrictions. To demonstrate that most people don’t read the terms of software agreements; Playstation in the UK added a clause where you agreed to sell your soul. It turns out 1 in 10 people didn’t bother to read it and sold their soul to Playstation.
Financial Documents-If you don’t read your financial documents you could be in for a big surprise. Sometimes interest rates change after a trial period and other times you don’t qualify for those low interest rates after all. Credit cards, checking accounts, certificate of deposits (CD), annuities and IRA accounts can have service fees, penalties and other charges hidden in the fine print. Even some structured settlement purchasers may hide additional fees in their contracts.
What should you do?
Read everything thoroughly or have a lawyer or trusted advisor read it for you. Ask questions. Make sure you understand everything. Make sure the terms are clearly spelled out. Do the math? Does everything add up to what they told you? Make sure there are no mistakes such as the wrong price or a higher rate. Always retain a copy of the contract for your records and know what you are signing. If the salesperson or other employees try to rush you along, won't show you the contract or give you time to read it-they're hiding something.