Every company that deals in financial contracts is going to add on a ‘fee’ in order to nickel and dime the consumer and this is true for JG Wentworth fees as much as it is for a payday loan. The difference of course, is that a deal with JG Wentworth and Co is going to have substantially higher fees and longer term affects than a simple pay day loan.

When you sell a structured settlement you are selling future payments in exchange for a lump sum payment today. But rather than thinking in terms of payments and lump sums, just consider the settlement as a whole. Lets say the settlement is worth $3 million dollars. If you sell your structured settlement to JG Wentworth fees and charges will take somewhere between 9 and 30 percent. Meaning of the 3 million you were going to get, you will now only be getting (assuming 10%) $2.7 million.

There are only a few circumstances when selling the settlement is a more viable option than keeping it. This would be when the loss of money from the sale is less than the money you are losing in interest payments to a credit card company for example or money you may owe for medical expenses. The more rare case is that you have an investment opportunity that has a higher yielding interest rate than the one your structured settlement is getting while in the bank.

Say your annuity interest rate is 5%. If there is a home for sale that you feel is a good investment and home prices are rising at 8% per year than your money is better off in the real estate market. These cases are rare and you better really know what you’re doing before you take your settlement payments as a lump sum.

There are sites that suggest that JG Wentworth fees along with their cut of your settlement just sit in the bank and they collect your money over time. This is not actually the case. In reality your annuity is packaged into an investment portfolio and sold on the market as a bond of some kind. This way JG Wentworth doesn’t have to deal with as much of the debt. Their problem arises when no one wants to buy the bonds and they have to reorganize like they did in 2008.

The reason there is a T 3 settlement example is because when securities go undelivered the market as a whole is at great risk. If there is a high trading volume, but market prices fall there is a greater risk that firms purchasing the securities will not be able to fund them. An abnormal amount of unfunded securities puts the market as a whole at risk.  Think of perishable goods at your grocer, if there are tons of people ordering them but when it comes time to pay they have no money there is spoilage. On top of that those goods could have been sold at perhaps a lower rate to someone else during the 3 day waiting period. So the losses really can be substantial to the market place.

Our trading system, the FTC, used to impose a 5 day settlement period as recent as 10 years ago. This was reduced down to the current T 3 settlement example because the FTC wanted to further mitigate risk to the market.

Trades that are covered under the T 3 Settlement Example:

Most security transactions, including stocks, bonds, municipal securities, mutual funds traded through a broker, and limited partnerships that trade on an exchange, must settle in three days. Government securities and stock options settle on the next business day following the trade. Reference SEC.gov.

So the 3 day count will start on the business day after you purchased or sold the security, so if you purchase Friday, your 1st of the 3 days begins the following Monday.  You have until the end of business on the 3rd day to deliver your certificates, in this example that means you’d have until close of business that Wednesday.

There are penalties for delivering the certificate later than the 3rd day. This can result in the firm holding the security selling it and then charging you a fee to recover their losses. There are other penalties and charges the buying firm can execute at its own discretion as well.

When it comes to structured settlements we get a lot of people who have them, are getting monthly checks and still have bad credit. The whole ‘I need money now and have bad credit’ issue comes to us all the time. Primarily because people over spend on luxury items and treat their settlement income as though it is never ending.

Lets get this right out of the way, if you have a structured settlement and you want to convert it into a lump sum quickly in order to free up your cash situation you are going to get screwed. There is no such thing as a fast and good conversion, they are slow and good or fast and dirty. Take the time to get the most value for your settlement.

For the rest of you who see yourself in need of cash now but have bad credit then there are some options available. However, we only recommend them if your need is severe. If you have a medical bill, you need to pay your rent or you’ll get evicted, things like that.

Pay Day Loan Centers – These guys specialize in giving you an advance on your paycheck in exchange for ASTRONOMICAL interest rates, sometimes 600% per year. The % rates are so high because they assume they will only have your money for a few days or weeks at most. The high interest rates are the only way they can make money.

Title Loan Centers – These are business locations that will give you money in exchange for the title on your car. Now this only works if you actually have the title to your car, meaning you own it out right and are not paying a bank for it. Again the interest rates here are super high because you should be paying the loan back fairly quickly.

Just Ask Your Employer – Ask your employer for a cash advance on your paycheck. If you have already done this a lot – you may be out of luck. But most employers, if they like you, will let you get an advance at least once if you explain the situation to them.

Lets examine the facts, JG Wentworth has filed for bankruptcy as recently as 2009. And there are countless claims of unfair treatment and fraud from the sales staff there.  Additionally there are numerous review websites that itemize what I would define as slimy internet marketing behavior. It is always interesting to see website reviews that go on and on suspiciously about how great a company is, and that “I don’t know what that other review person was talking about – JG Wentworth is awesome.” To me, that seems odd.

So what is the deal then? Is JGW just running a big scam?  In all likelihood their business model is flawed at best and designed to eventually scam people at worst. The reason people are feeling so taken advantage of and feel there is a Wentworth direct finance scam going on is because they don’t really understand the settlement industry. They have no idea where their money is going,nor what the value of their settlement is to begin with.

What then ends up happening is you get them into a financially stressful situation and the feel forced to sell their settlement for an immediate lump sum. Already the client is in sell mode and is not necessarily looking for what makes the most sense financially. It is in these scenarios where people get taken advantage of.

Its not necessarily that there is a JG Wentworth scam but more that people with little financial education are being coaxed into legal decisions that may not be in their best interest over the long term

The first step is to have an attorney look at your claim for free.

He or she should look at all your paperwork such as accident reports and other forms.

You should keep precise notes on health care and travel costs.

The slip & fall settlement is more time sensitive than other settlement types.  Will you have to complete an accident report right away when you experience the accidental fall? You should look at this from an insurance organization’s perspective. The way they turn a profit is by bringing in more money than they pay out. They can be of assistance because they are supposed to be; however, they are not going to want to pay out for an accidental fall if it’s not their responsibility to. So, if you decide not to put in a report for a few days following your fall, the insurance organization might think that you just want a settlement for an incident that isn’t that severe. The better decision is for you to initiate the lawsuit right away, or contact an attorney who can initiate the lawsuit for you. The majority of attorneys who take accidental fall cases do not get paid until and unless you prevail, so there is no reason not to get in touch with one. In many cases, your accidental fall will be under workman’s comp, which means you will be entitled to additional cash.

How much money can I get from slip & fall settlements? If you have an accident that leads to a condition that keeps you from doing your job, or if you need to seek medical treatment, or if you will not be able to return to your job even after you heal, you can seek a settlement. The kinds of things you can get money for include loss of earnings, medical charges, pain, suffering, future medical costs, and others. Basically, you will be able to recover money that you have lost because of your fall and resulting injury. An attorney who is experienced with accident cases is going to know exactly how to handle your claim.

What kind of things do insurance companies watch for?> Insurance organizations are going to want to know whose fault the accident was. Was it yours or what it your employer’s? They will also want to know how injured you are, which means you need to be checked out by a licensed physician who can provide you with documentation. They need to know what the circumstances were surrounding the accident, such as were you cautious, were you taking any medicine, were you supposed to be working at the time. You should never talk to the insurance company prior to talking to an attorney because he or she is going to be able to tell you what you should and should not say based on your rights.

1. Try to find a pro bono lawyer to examine your case.

2. Go over all of the accident reports and documentation available.

3. Keep all the records of traveling and medical bills.

Is is necessary to file a report exactly when the accident happens. Let’s look at this from the way the insurance companies do. They are a business through and through, which means they have to make more than they spend; they want to assist you, but if at all possible, they would like to not settle a slip and fall settlement. The longer you wait to file an accident report after you experience the accident, the more it will hurt your case, as it will seem like you just want to wring money out of them. Conversely, you should file as soon as you possibly can, calling a lawyer to get the claim filed for you if you need to. For the most part, lawyers don’t get paid unless they win the slip and fall case, so you are not losing money. Usually, you can work a slip and fall into worker’s compensation settlements, which gives you a greater amount of money.

What can I get as compensation? In the event that you are hurt badly enough that you actually cannot work, or can only work through the help of extensive medical help – or, conversely, you can’t work in that particular field again, it is possible to file for Pain and Suffering, Possible Future Medical Expenses, Medical Bills, and the like. All you really need to worry about is reclaiming what you lost due to this accident that occurred. With the help of an accident claim lawyer, you can get a great amount of expertise on these matters.

What will your insurance adjuster want to know about this? The level of fault you have, whether or not it was due to employer negligence, that sort of thing. They will also want to know how bad the injury was, so you should get checked out by a doctor, and file the paperwork. What caused the accident? Was it due to a lack of attentiveness? Were you impaired in any way during the time of the accident? Don’t talk to the adjuster without a lawyer present or at least consulted, due to the fact that they will have a better idea of how to cover yourself.

1. Try to get a lawyer to go over your case for free.

2. Look over your accident reports and other paperwork.

3. Keep track of your medical bills and the money it cost to travel.

How soon after the accident should you file your report, in a perfect world? Look at this from the perspective of the insurance company. They are a business first and foremost, and their revenue comes from you, so while they would like to help you, they will only help if they think you have a legitimate case to make and need that money. Those people who wait too long to file the report on their accident, sometimes waiting weeks, will look like they are just trying to wring cash out of the insurance company. However, if you cannot file your claim right away because of the condition, talk to a lawyer and get them to file it for you. You do not have to worry about paying them for a slip and fall case if you lose, so you can do this without worry. For the most part, you can get worker’s compensation settlements to include the slip and fall, netting you more cash. The average settlement for slip and fall is going to fall between $20,000 and $50,000 depending on the circumstances.

What kind of compensation can I get? In the event that you are not able to work anymore because of the severity of the injury, or even if you cannot work in the profession you were working in, you can definitely get covered for a variety of medical expenses, such as pain and suffering, wage loss, medical bills, and many many more. In the end, you are looking to get back what you lost and what you will lose because you had this accident. With the help of an accident claim lawyer, you will have lots of experience on your side.

What do you need to tell the insurance adjuster? Tell them everything you know about the claim, including whose fault it was, and whether the employer was negligent. How bad the injury was is a factor, so you should get yourself checked out by a doctor and get that paperwork filled out. What was the reason for the accident; was it negligence on your part, or are you not able to work at that place to begin with? Make sure you talk to your lawyer before you do anything at all, since they will have a better idea of what you need to do.

If you have been injured in a slip and fall accident, handling your claim in the proper way will get it resolved quickly and with less hassle.

It is important to seek legal counsel, many lawyers will review the case for free.

Be sure to keep all of your medical records and other related paperwork organized and accessible.

It is a good idea to contact a lawyer and file the claim quickly after an accident occurs. Insurance companies deal with hundreds of slip and fall claims. Their job is to compensate the injured fairly while still saving the company as much money as possible, and this leads them to be skeptical of many claims and suspicious in cases where the claim is not handled properly. Waiting too long to file a claim after a slip and fall accident is a bad idea because the insurance company might think you are lying or trying to make money off of them. The best route to take is to have a lawyer file the claim for you as soon as possible after the accident occurs. Look for a lawyer who will only require payment if you win your case, this is very common and will put you at ease. Lawyers that specialize in this type of case know the law inside and out so they can get the maximum settlement for you.

You might be eligible for more than you think. Medical bills, loss of wages, and pain and suffering are some of the things that your qualified lawyer can ask for compensation for, as long as you have a legitimate injury that will cause you to miss work, racks up lots of medical bills, and clearly causes you to suffer. The whole point of the case is to financially make up for the damage caused by the accident. Hiring the right lawyer, one that specializes in these cases, will make the experience as painless as possible, and after a painful accident that is important.

The insurance adjuster is the representative for the insurance company, and they will ask you for lots of information. They will want all of the details of the claim, like if you were in any way at fault. They will want to know all about your injury, and will study your medical records and likely want to interview your doctor. This person will ask a lot of personal questions, and it might seem like they are trying to find a way to blame you for the accident. It is very important that you don’t talk to the adjuster until after you talk to a lawyer, because the lawyer will help you preserve your rights.

If bodily injury is a component of the accident and a car accident injury compensation claim is filed, then there will be additional paperwork for the insurance agency. Before all the bills begin to accumulate, it is advantageous for the person who is injured to have a protocol in place. Because the amount of car accident compensation can be influenced by the seriousness of the accident, it is recommended that you retain the services of an attorney. An attorney can negotiate a settlement for you in order to receive more than adequate funds to pay off your medical bills. If you are awarded an amount that is more than you require monthly and an investment would be benefit your financial situation, then you can find a company that will purchase structured settlements and pay you all your money in one lump sum.

Lawyers are experienced in securing settlements for their clients and because they only get paid if they are successful, they will work very hard for your benefit and further, they can obtain structured settlement loans if you have a need for them. A loan is helpful because it can take long periods of time before receiving any money from a structured settlement claim. Your injuries may worsen and you will lose work during this waiting period.

Keep all insurance information in order and easy to access and keep a record of all communication between you and the insurance company. Keep a log of the names of people you talk to and even the times of the calls in order to make the claim process move more quickly and efficiently. This documentation can prevent confusion during the claims process.

The car accident settlement calculator is pretty simple, you start with the expenses you have incurred.  So totaling all the medical bills, including gas to and from the hospital and medications taken.  This is NOT the cost after your own insurance covers it but before or the market value for all the work.  If the other parties insurance company or lawyer tell you different it is because they are scamming you.

So lets say you TOTAL hospital bill amounted to $3,000, then you spent another $200 in gas and travel to and from the hospital now you need to factor in any additional medical expenses that may arise in the future.  Physical therapy, medications etc.  Your doctor and lawyer will help you estimate what those future expenses might be.  Lets assume for the sake of argument that the cost is now $6,000.  That is your base medical amount.

Now you need to add in the property damages for your auto accident settlement calculator in order to finish out the settlement amount.  So this will include all the damages to the vehicle, any and all damages.  Additionally you need to consider any other persons who may have been traveling with you in the car whose property was damaged.

Finally you need to add in the lost wages you missed as a result of being in the hospital into the car accident calculator.  If you earn an average $40,000 a year and miss 3 weeks of work that is an additional $3,000 added onto the settlement amount.

So lets assume that this property damage comes to an additional $12,000 bringing the total to $21,000.  You can now take that amount and multiply for the pain and suffering.  This is the multiplier and is usually on a scale from 1 to 5 where the total amount is multiplied out.  A 3 on the scale is a pretty average number that is used in pain and suffering settlement cases.  In this instance that would $63,000.  That is where the negotiations would start with the insurance company. A car settlement calculator is only meant to give you an idea, not necessarily to predict the outcome of the settlement.