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.
How lifestyle changes can improve your bottom line
Another year comes to an end and many of you are starting to think about 2012. Perhaps you may try to come up with resolutions like getting out of debt, quitting smoking or losing weight. Every year approximately 45% of American adults will make 1 or more resolution. However within 6 months almost half of those resolutions were abandoned.
There are many reasons why these resolutions fail including unrealistic goals, not having a plan in place goals that are too broad and no accountability. According to some experts, resolutions are about taking something away, leaving a person feeling deprived. By accentuating the positive you change the whole mindset. Instead of making a resolution, make a commitment to change in the New Year.
Whether it is looking better, feeling better or breaking the cycle of debt you need to look at what are the underlying cause of the problem and address it first. By breaking habits such as shopping when you are depressed, not taking account small daily purchases and stop impulsive spending you will be headed in the right direction.
Another issue is that consumers are often too optimistic about potential earnings. For example, relying on a tax refund, future raises or selling future annuity payments to pay for items later can be dangerous to your finances. If you do not get the amount of money you need to pay off your purchases you leave yourself open to huge interest rates or penalties.
So maybe you decided you want to make a change but you’re not sure how to get started. The best way to start is to define what you want to accomplish and make a plan. Make sure you develop obtainable, measurable goals and develop rewards for when you accomplish your goals. Below are some suggestions on how to get started.
- Define your financial goal. Whether it is to become debt free by 2013, create an emergency fund or go back to school put it in writing.
- Determine what is holding you back from accomplishing those goals. Is your spending getting in the way of your dreams, perhaps you are not sure.
- Create a spending diary to see where your money is going. Track every purchase you make no matter how small it is. Identify places you can make small changes that can really add up.
- Create a budget and stick to it. Don’t forget to save money too. It will help you avoid the debt roller coaster when emergencies happen.
- Reward yourself. Give yourself little treats that won’t derail you when you hit milestones.
- Don’t let setbacks derail you. If you have a setback, don’t quit trying to obtain your goal. Just regroup and move on.
- Change your relationship with money. Avoid triggers like shopping your way out of a better mood and spending mindlessly by developing better habits such as exercising when you’re depressed or leaving your credit cards at home.
- Get organized. Late fees and penalties waste money and they are damaging to your credit score. Develop a system that works for you and pay your bills on time.
- Get professional help. Sometimes you are in over your head. Perhaps you need professional credit counseling or financial advisors who can help you develop a system that works for you.
- Keep your options open. Sometimes your financial situation requires a more drastic approach such as selling some of your future annuity payments to avoid foreclosure or to pay off high interest debt. Remember to research all your options and don’t make hasty decisions.
If you have periodic payments from a structured settlement annuity, a divorce settlement, a single premium immediate annuity, life insurance policy, inheritance, royalties, or even a pension and you want to know more about selling some your future payments, call Rescue Capital at 866.688.3532. With today’s lower rates, your future payments could be worth more than ever before.
Even before Halloween came and went, retailers started working on Thanksgiving, Hanukah and Christmas displays. Today alone, my mailbox contained at least 5 Christmas themed catalogs. As much as I hate to admit it, the holidays are just around the corner; 17 days until Thanksgiving and 47 shopping days until Christmas. For many, this time of year is a time for making plans with family and friends. For others it is a brutal reminder that things are a little tight.
While I don’t think it is a wise decision to sell illiquid assets to carelessly spend the money on the latest toy or trinket, I do think certain situations call for these transactions. For example, your car is broken down, your credit cards are maxed out or you have to decide whether to pay your electric bill or eat this week. For individuals who are struggling financially, it makes sense to sell your future payments for a cash lump sum.
Maybe your car is fine but your home needs repairs or you can’t afford to pay your mortgage. You might want to consider selling a portion of your future annuity payments to get the cash you need to get back on your feet. You should also ask about how to defer selling your payments for a couple of years.
Perhaps you are in need of cash but do not have an annuity or periodic payments from a structured settlement, what can you do? If you have any type of periodic payments such as a pension, cell tower lease, mortgage note, divorce settlement, royalties, etc., we may be able to help you. Just give us a call at 866.688.3532 so we can evaluate your asset as well as provide you with a free, no-obligation quote.
We understand that selling your future payments or a life insurance policy for cash isn’t for everyone. Research a few companies with the Better Business Bureau, learn about the process, get a few quotes, think it over and decide if this is the best solution for you. If you do decide to sell, you owe it to yourself to call Rescue Capital. Rescue Capital will be by your side throughout the process to ensure that things go smoothly. Our expert staff has more than 30 years combined industry experience and we offer some of the best rates around.