Sentences with phrase «lump sum settlement payment»

Once you have received that lump sum settlement payment, you can use those funds as you choose for medical care, education, living expenses, and so on.

Once the fees were paid, the company would accumulate the payments until there was sufficient money available to offer a lump sum settlement payment to one of the client's creditors.

Not exact matches

The settlement requires payment of a lump sum amount of $ 50,000 from Target Canada Inc. for the exclusive benefit of a registered charity selected by your Representatives.

Debt - settlement companies tend to hold monthly payments from you until they have a lump sum they can offer a creditor in exchange for a settlement.

If I receive a lump - sum payment or a structured settlement, will I be taxed by the Canadian government?

If coming up with a lump sum settlement is not financially possible at the time you can request a monthly payment arrangement be set up.

The lump sum payment you get in return is less than the settlement payments you sign over.

While it is possible that your credit card issuer will refuse to accept a partial settlement of your debt, it is just as likely that you may be allowed to settle for either a lump sum payment, a renegotiation of your payment terms that may give you more time — typically an extra 90 days — or a combination of the two, in order to settle your account before it gets charged - off.

If you have a policy you no longer want you can also sell it to a life settlement company in return for a lump sum payment.

Debt settlement companies approach your creditors and negotiate a plan in which each creditor agrees to cancel the loan for less than what you owe in exchange for a lump sum payment.

Sometimes debtors are required to make lump - sum payments as part of their debt settlement, too.

If you're hoping to negotiate for a lump sum settlement where you can pay off your credit card debt for less than you owe, you won't have any luck until you've been behind on your payments for a while.

You would make payments into the account each month and a lump sum payment is made to the creditor when the dedicated account balance is high enough to pay the settlement amount.

As they have good relationships with creditors, law firms and collection agencies they can negotiate lump sum settlements or payment plans that work in your favor.

Some lenders may want you to make a one - time, good faith lump - sum payment to enter a debt settlement agreement.

This is true if it is a lump sum settlement or an agreement for a reduced sum with monthly payments.

Under a debt settlement arrangement, your creditor agrees to accept a lump sum payment of less than your unpaid debt to resolve fully your debt.

Legal expenses incurred to obtain a lump - sum settlement are generally not deductible unless the lump - sum payment specifically relates to a number of periodic child support payments that were in arrears.

Some creditors may allow for the structuring of a debt settlement in an installment plan rather than as a lump sum payment, but generally, a creditor will accept a lower amount if you offer a lump sum payment rather than an install plan spread out over several months.

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

Settlement choices usually include lump sum payments or annuitization.

In a debt settlement, the lender agrees to accept less than the full balance of a debt in return for a lump - sum payment from the consumer.

The letter should state that the collection agency is accepting the lump - sum payment in settlement of the entire amount you owe.

Settlements can be taken as a lump sum in the future, as a stream of payments for a predetermined number of years, or as a combination of both.

A Consumer proposal is a way to negotiate a debt settlement with your creditors by offering to pay back a reduced amount of your debt, either in a lump - sum payment or in monthly installments over an extended period of time.

Once the account has grown to a certain amount whereby a lump sum payment can be made, the debt settlement company contacts your creditors and begins negotiating a settlement with them.

A debt settlement program, on the other hand, will work on your behalf to negotiate lower payments or a lower lump sum settlement of your debts.

The settlement amount is usually paid in one lump - sum payment, although creditors may offer structured settlements (settlement amount paid over several payments).

Settlements are agreements between the borrower and their lender (or their collection agency) in which the lender foregoes a percentage of the loan in exchange for what is typically a lump sum payment.

A debt settlement for less than the full balance owed gives a debt collection company the opportunity to collect a lump sum payment in one big payment, and creditors often don't turn down a lump sum chunk of cash!

Debt settlement means offering a lump - sum payment to a creditor for less than what is owed.

The representative from settlement company negotiates with your creditors and / or collection agencies to reduce the payoff amount so that you can get rid of debts through a lump sum payment on each account.

Annuity.org is a Florida - based company that buys annuities and structured settlements from people who would rather receive lump sums of cash instead of monthly payments spread out over several years.

Moreover, advance fees impede the purported goal of the debt settlement firms to accumulate sufficient funds to pay off unsecured debts with a lump sum payment.

Typically, tax settlements result from a situation where the IRS has asked for more money than you could possibly afford to pay, especially since the IRS expects taxpayers to pay back all the money they owe in a single lump sum payment.

Most debt collectors will offer two options — a settlement option based on a lump sum payment or monthly payments towards the balance.

If you're facing a legitimate financial hardship and can't make the minimum payments on your Bank of America (or FIA Card Services) credit card account then one potential solution is to negotiate a lump - sum settlement for less the balance owed.

Debt settlement involves offering a lump - sum payment to receive forgiveness of your outstanding credit card balances.

Written By: Larry Klein in Walnut Creek, CA There are 2 types of annuity buyers that end up with annuities they would like to sell (and you could be the buyer): Those people who buy immediate annuities and then later decide they desire the cash rather than monthly or annual payments over time Those people who get legal settlements in the form of an annuity and they prefer to have a lump sum of cash You can be the buyer of such «secondary annuities» and...

With debt settlement services your creditors will not get paid on a monthly basis, but rather in lump sum payments at the time when settlements occur.

The agreed upon payments are re-assigned to the buyer of the structured settlement, and in exchange, the buyer gives the seller an upfront lump sum of cash.

After payments begin, recipients have the option to sell all or a portion of their structured settlement payments to a third - party funder, such as a structured settlement / factoring company, in order to access cash in a lump sum.

Implementing a debt settlement solution requires a large lump sum payment — a lump sum that many struggling consumers don't have on hand.

If payment of a lump sum is ordered by the court, or payment is made as part of a settlement of the parties» financial issues, they need to be clear what the intention of the payment is.

In this regard, P. (A.A.) v. F. (G.T.), 2015 BCSC 662 (B.C. S.C.) dealt with a settlement in relation to a motor vehicle accident where a lump sum payment had been received.

If the settlement provides for the payment of a lump sum in an amount offered by the insurer and, with respect to a benefit under the Statutory Accident Benefits Schedule that is not a lump sum benefit, the settlement contains a restriction on the insured person's right to mediate, litigate, arbitrate, appeal or apply to vary an order as provided in section 280 to 284 of the Act, a statement of the insurer's estimate of the commuted value of the benefit and an explanation of hoe the insurer determined the commuted value.

Many of the claims were paid in «structured settlements», which were typically funded by annuities, which are paid in multiple payments over time (in contrast to one lump sum payment).

The Ohio worker's comp program offers payments specifically for injuries like amputated limbs and blindness, but those are generally fixed settlements or lump sum awards.

Your lawyer can also help you decide whether you should accept a lump - sum settlement (where you get your money all at once) or a structured settlement (where you get your money in a series of payments).

The amount of these payments may be offset by a lump - sum insurance settlement (in the case of an accident), or by workers» compensation payments.