Daily Archives April 24, 2015

Annuity Transfer – What are the Risks

Annuity Transfer – What are the Risks

by: Amit Laufer

Many people who know in the back of their minds that they got the possibility to transform a monthly payment or annuity long term payments into a big lump sum and by that to relieve some temporarily financial problems, or need to buy a new car or a house or help their children and so forth are tempted to exercise this process into action. Although it is a very natural feeling and sometimes even a real life need or deep inner quest for power and control, it is not in their best financial interest to say the least.
It is no wonder that the U.S federal laws encourage long term payments in both cases like Structured settlements and lottery winnings. There are many good reasons for that and I’m going to spell them out as clear as I can.
– In some countries around the world it is legal to pay for lottery winning in one lump sum. Experience shows many of these people lose most or all of their money in a few years Time, due to the following reasons:
– Ordinary people who get into their possession a very large sum of money don’t really know how to manage their treasure or how to invest it wisely, they are not prepared for it and they are overwhelmed with a delusion of over abundance of wealth, they become totally careless on how and on what they spend their money.
– Even if they invest their money, they go to high risk speculative investments as they try to get high yields. Instead of going for a much solid and safer, “widows & orphans” type of investment portfolio. Neither do they go for the golden middle way in between of a mixed portfolio. They don’t use investments advisers or financial consultants.
– They become over generous with their family and friends, they buy their children homes, cars or any other mater...

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Arraignment in New York Criminal Courts

Arraignment in New York Criminal Courts

by: Susan Chana Lask, Esq.

The “arraignment” process involves:

Being brought before a Judge in the courtroom
Receiving the “ criminal complaint” with the crimes charged and the factual basis to each charge
The District Attorney requesting bail or releasing you on your own recognizance (called “ROR”)
Pleading guilty or not guilty

The process starts when the court officer brings you from the cell in the back of the courtroom and into the courtroom before the Judge.
If you were unable to contact your family, friends or an attorney when you were arrested then most likely the court will have a Legal Aid attorney appear for you. Legal Aid attorneys are in the courtroom at all times to defend the poor, and most times to appear for the unrepresented.
Usually there will be about three attorneys from the District Attorney’s office in the courtroom. One of them will read the charges against you and request the court to impose bail at a certain amount or no bail. If no bail is demanded by the District Attorney then you will hear the word “ROR”, which means “return on your own recognizance”.
Bail is determined according to the crime and your personal information. At arraignment the District Attorney will have your personal information obtained from their computer searches on you. They call this your “ rap sheet”. It will include information about you, such as:

Any Prior convictions
Any arrests at anytime
Any pleas to prior arrests
Parole
Probation

If your rap sheet is clear of any crimes and this is your first arrest, chances are good that there will be no bail set against you...

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Are You In The Market For a Car Loan?

Are You In The Market For a Car Loan?

by: Mike Yeager

Car loans are a tempting way to purchase a new car. While they provide for easy access to a car, these loans can get quite expensive if you do not know enough about what you are getting into. Simple research will provide you with information that can save you some real expenses. Even if you are getting a used car loan or a car title loan, you need to understand what you are getting into.
Most of the time, when a buyer enters a car dealership, they already have an understanding of what they are looking for in a car and how much they can spend. But, how much research was given to the loan you may be picking up in the process? Choosing this wisely, is key to getting a good deal on a car. To find information, consider looking at different lenders and different dealerships. You do not have to get the loan through the dealership. You may be able to get one, at a lower cost, through your own bank especially if you have developed a good relationship with them.
Being aware of how much the interest rate is like being away of the gas mileage on that new car. You need to ask questions and be prepared with answers. For instance, you may be looking to purchase a used car and therefore would be looking into a used car loan. The car you choose and want to purchase will cost you 5000 paid over the next 5 years. But, what happens 3 years into the picture? The car isn’t worth the amount you still owe on it because the interest rate was so high or you didn’t make a down payment.
Consider the situation there. You have a loan and a run down car that may or may not have been worth it. Add into this a bad credit used car loan, with even higher interest rates and fees, and you are really hurting.
The car loan you choose should be one that re...

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Identity Theft Scams

Identity Theft Scams

by: James H. Dimmitt

Identity Theft scams continue to flourish on the web. One that you need to be aware of and beware of is any site that seems to be selling high-demand items (digital cameras for instance) at a much lower (almost unbelievable) price than you can find on other sites or the manufacturer’s site.
Often the victim’s are told to pay nothing until they receive the merchandise. The person behind the scam uses the victim’s name and a credit card number belonging to another person to purchase the item at a legitimate site.
Once the item is shipped, the victim then authorizes his credit card to be billed or sends payment directly to the scammer. The scammer has now put you in the position of being in receipt of stolen merchandise while they get away with your money.
Another scam that still seems to be working is being contacted through e-mail by someone claiming to be from your credit card company, your internet service provider, Paypal, or Ebay.
The scammer will send a message stating that your account information needs to be verified because their files were hacked into, their database crashed or they believe that someone has tried to steal your account information and they want to verify your information in order to protect your account. The con artist then uses the information supplied to “verify” your account to run up fraudulent charges.
NEVER give personal information to a company, such as AOL or Ebay, that already has it. If you are suspicious about being contacted, contact the company yourself before giving out any personal information.

About The Author

© 2003, Your Free Credit Report Now

Author: James H. Dimmitt.

Get your FREE credit report online now and subscribe to our FREE weekly newsletter “TO YOUR CREDIT”...

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PPH And Why You Might Need A Lawyer.

PPH And Why You Might Need A Lawyer.

by: Steve Gargin

Your greatest probability of having a triumphant case for a PPH lawsuit is if you have taken Fen-Phen (Fenfluramine and Phentermine) to drop weight. Fen-Phen regulates serotonin in the body to affect ones need to eat. Elevated levels of serotonin can disapprovingly affect ones heart in such a way as to injure it. Assuming you have PPH caused by the utilization of Fen-Phen, your symptoms would comprise, but would not be restricted to, briefness of breath and upper body pains. Fen-Phen can even cause heart valves to give away, resulting in the requirement to trade those injured heart valves.
In addition to the use of Fen-Phen, Redux can also have caused damage that would materialize to be the same as folks who may have used Fen-Phen. A legal PPH lawsuit could be filed with your attorney or lawyer when ones cause for mounting PPH is from a consequence of taking Fen-Phen or possibly Redux.
If you have used Fen-Phen or Redux, and you think you may have PPH, it would be smart to ring your lawyer to talk about the legal options you have, since you would be rather qualified to file a PPH lawsuit. It would be a civil lawsuit, which means a victim would be able to get back damages suffered from having taken these beforehand said pharmaceuticals. This can consist of therapeutic expenditures, lost pay, your possible income lost, pain and anguish, and ones relatives could even be provided a financial amount in a case which PPH ended up being deadly to the patient.

About The Author

Steve Gargin operates http://www.pph-help.com which is a website dedicated to describing aspects of PPH, better known as Primary Pulmonary Hypertension. Steve Gargin is not a lawyer or a doctor, so please seek professional help concerning PPH.
dave@thed...

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