Lump Sum Settlement: Slash Debt by up to 50%?

1 Answer

Answer :

When it comes to closing past-due lines of credit that aredragging your credit score through the mud, a lump sum settlementposes one of your best options. Creditors are often willing toslash your total amount owed by up to 50% in order to minimize therisk of having to turn your account over to a collection agency fornon-payment. 2 major factors will influence the amount of yourfinal settlement. First, your representation (or lack thereof) willplay a major role in how much you pay. Second, your ability to paycreditors on the spot will greatly factor into how much they arewilling to reduce your total principle owed. You would be wise toconsider these factors at length before deciding how to proceedwith your settlement negotiations.RepresentationLending institutions deal with non-payment case

Related questions

Description : If I pay a lump sum settlement will my credit score improve?

Last Answer : Usually it says paid in full for less than the full amount. (or something like that .) It might look better to some creditors and it might raise your mysterious FICO score by a bit, and it will ... last transaction, so if you pay the settlement, it will be seven years from the date you paid it.

Description : Is it better for me to take my insurance settlement as a lump sum payment?

Last Answer : Yes, it is better to take a lump sum rather than annuities. Lump sums allow you to invest them yourself in places you want to invest them. If you are afraid you will spend the money too fast, take the annuity.

Description : How much do I stand to lose if I accept a lump sum worker comp settlement?

Last Answer : What you "stand to lose" depends on many factors, especially future medical expenses. Before you accept a lump sum settlement, sit down and calculate the different between that and payments over time. Lump sum ... which is why they are offered: they save the company a great deal of money over time.

Description : Take a lump sum, annuity, or pension?

Last Answer : I would take the roll over and reinvest it in an IRA so you don't pay taxes or penalty. The 22 a month isn't very much and if you take that, it will be about 6,000 by the time you are 65. If ... may not be alive. If you did leave the money where it is and take it out at 65, is it earning interest?

Description : How much money would you estimate you have earned in your entire life (total lump sum)?

Last Answer : $15,000 time 7 = 105,000 + 2000 = $107,000 then again I’m only 33

Description : will a lump sum pension payment affect my long term disability pay

Last Answer : Need Answer

Description : Lump Sum Present Value Calculator?

Last Answer : Lump Sum Present Value CalculatorUse this calculator to determine the present value of a futurelump sum.

Description : Lump Sum Future Value Calculator?

Last Answer : Lump Sum Future Value CalculatorUse this calculator to determine the future value of a lumpsum.

Description : Are taxes charged when you receive a lump sum of cash?

Last Answer : Depending on the reason for you to be receiving a lump sum of cash taxes are most likely going to be required. However, the taxes owed may not be deducted from the amount you receive and you ... it may be beneficial to request whom ever is providing the cash payment to deduct taxes if possible.

Description : How do you think I can Make a lump sum cash?

Last Answer : You can make lump sum cash by winning the lottery. You could also sell something that you own such as a car or house.

Description : i have 400,000 in lump sum retirement, how much can i expect in monthly payments. I and my wife are 67?

Last Answer : What you are paid monthly will depend on your agreement on how many years it will be paid out over.

Description : On Workmans comp since October 2004. They want to move me to total disability. If this happens, the disability payments will be 1/3 of what I received Workmans comp. Do I have any recourse Would they offer a lump sum and then put me on disabilty?

Last Answer : Disability differs from state to state. Check with your local office for info on filing an appeal if you don't think the amount is correct.

Description : What steps should I take to give my life insurance in life annuities, as opposed to a lump sum?

Last Answer : Many life insurance companies simply give you the option for the payout. Simply contact the company and explain this to them, either over the phone or in person is best. You have the right idea, as that way your daughter can't accidentally spend the entire thing.

Description : If the tax rate increases with the higher level of income, it shall be called - (1) Proportional tax (2) Progressive tax (3) Lump sum tax (4) Regressive tax

Last Answer : (2) Progressive tax Explanation: A progressive tax is a tax by which the tax rate increases as the taxable base amount increases." Progressive" describes a distribution effect on income or expenditure, ... -to-pay, as they shift the incidence increasingly to those with a higher ability-to-pay.

Description : )A new project was initiated that involves new technology and subsequently has never been  done before. What type of contract would to owner want to issue to reduce or eliminate as much  risk as possible. 1. Firm ... 2. Cost plus fix fee  3. Cost plus incentive fee  4. Lump sum  5. A and D

Last Answer : 5. A and D

Description : Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at ... is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Last Answer : d) All the above

Description : Which of following is not Method of calculation of Purchas Consideration? A. Lump sum Method B. Net Asset Method C. Net Payment Method D. Annuity Method

Last Answer : D. Annuity Method

Description : Revenue can be recognized on straight line basis over specific period, when services are provided by an indeterminate number of acts a) Over such period b) Straight line c) Lump sum in year of receipt d) All of the above

Last Answer : a) Over such period

Description : If the tax rate increases with the higher level of income, it shall be called (1) Proportional tax (2) Progressive tax (3) Lump sum tax (4) Regressive tax

Last Answer : Progressive tax

Description : Do debt settlement attorneys help with creditor lawsuits?

Last Answer : That will vary depending on the debt settlement attorney. Some will assist you if you are sued. Others state in their contract that if you are sued that they cannot and will not assist you ... best to ask that question before signing up for debt settlement. russian speaking lawyer in omaha, Nebraska

Description : What questions should you ask when looking to hire a debt settlement attorney?

Last Answer : When hiring a debt settlement attorney you are usually on the verge of bankruptcy. It is important to ask some of the important questions like whats the best deal we can work out with the debtors, what life changes will i face, and what do i need to do on my part.

Description : Pros and Cons of Bankruptcy Debt Settlement?

Last Answer : If you're in debt, chances are you didn't expect to be in this state. People get into debt for a variety of reasons, from making a huge purchase that they can't afford to losing their ... While you can file for bankruptcy on your own, protect yourself and your assets by hiring a bankruptcy lawyer.

Description : A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ A. Debt Recovery B. Debt Settlement C. Debt Management D. Debt Consolidation

Last Answer : D. Debt Consolidation Explanation: Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.

Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times

Last Answer : Answer: 4•06 times

Description : Which of the following illustrates the use of a hedging approach to financing assets? A. Temporary current assets financed with long-term liabilities. B. Permanent working capital financed with long-term ... equity D. All assets financed with a mixture of 50% equity and 50% long-term debt

Last Answer : B. Permanent working capital financed with long-term liabilities.

Description : How do you tell the difference between a backslash and a forward slash?

Last Answer : / forward slash \ back slash. The first leans forward towards the direction of typing the other leans back.

Description : What's the use or meaning of Slash _ insert word _ Slash e.g /sky/?

Last Answer : back in the day of plaintext only media, we'd sometimes use /this/ to mean this (that is, in Italics). Similarly, we used underscores (these things: _ ) surrounding a word to mean underlined . But ... (like here on Fluther, for example) allow you to format your text, so such things are not needed.

Description : What is the icon next to the battery icon on the Virgin Mobile phone? It's a circle with a slash through it.

Last Answer : I have one of those phones too.I’d like to think that it means throw it in the toilet ;)

Description : What do you mean by slash and burn or shifting agriculture? -Geography

Last Answer : The shifting agriculture is the primitive subsistence farming which has been practised in olden times. This is also known as slash and burn agriculture and this type of agriculture has different names in ... fertility of the land the farmer will again start to cultivate in the same patch of land.

Description : Name some primitive tools used in ‘slash and bum’ agriculture. -Geography 10th

Last Answer : Tools like hoe, dao and digging sticks.

Description : Write main characteristics of ‘slash and burn’ agriculture. -Geography 10th

Last Answer : This type of farming is practiced in few pockets of India on small patches of land using primitive tools and family/community labor.Farmers clear a patch of land and produce cereals and ... natural processes.Land productivity is low as the farmer does not use fertilizers or other modem inputs.

Description : I can slash but I have no knife, I can dash but I have no legs, I can pound but I have no hammer, I can star but I have no stage.What am I? -Riddles

Last Answer : A Keyboard.

Description : What is ‘slash and burn’ agriculture? -SST 10th

Last Answer : . In this agriculture, farmers clear a patch of land and produce cereals and other crops to sustain their families. . When the soil fertility decreases, the farmers shift and clear a fresh patch of ... in this type of agriculture is low, as the farmers do not use fertilisers or any modern inputs.

Description : By which other name is ‘slash and burn’ agriculture known? -SST 10th

Last Answer : Primitive subsistence farming/Jhumming.

Description : In which country the ‘slash and burn’ agriculture is known as ‘Roca’? -SST 10th

Last Answer : In Brazil the ‘slash and burn’ agriculture is known as ‘Roca’.

Description : Slash and burn agriculture in North Eastern State is Known by which name? -Do You Know?

Last Answer : answer:

Description : What is the opposite of slash ?

Last Answer : The opposite of diagonal is upright

Description : Slash and burn agiculture is the other name of :

Last Answer : Slash and burn agiculture is the other name of : A. Organic farming B. Step forming C. Crop rotation D. Jhum cultivation

Description : Slash and burn agiculture is the other name of :

Last Answer : Slash and burn agiculture is the other name of : A. Step fanning B. Crop rotation C. Organic garden D. Jhum cultivation

Description : In India 'slash and burn' agriculture is known as 'Bewar', in which one of the following States? (a) Andhra Pradesh

Last Answer : Jhumming : The 'slash and burn' agriculture is known as 'Milpa' in Mexico and Central America, ' ... ) Madhya Pradesh (c) Rajasthan (d) Jharkhand

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Last Answer : Jhumming : The 'slash and burn' agriculture is known as 'Milpa' in Mexico and Central America, 'Conuco' ... (b) Indonesia (c) Brazil (d) Venezuela

Description : The 'slash and burn' agriculture is known as 'Conuco' in which one of the following countries? (a) Venezuela (b) Brazil

Last Answer : Jhumming : The 'slash and burn' agriculture is known as 'Milpa' in Mexico and Central America, 'Conuco' in ... (b) Brazil (c) Indonesia (d) Mexico

Description : Is a slash pine a gymnosperm or angiosperm?

Last Answer : All pine trees are conifers, which are gymnosperms or "nakedseeds" due to the fact that they reproduce by cones instead of byflowers.

Description : How to Slash Costs with Business Video Conferencing?

Last Answer : There is one thing that any business can do to cut the cost of doing business: engage in business video conferencing. As a business grows, various types of travel are often required to get to financing and ... whether you want to get in on it now or catch up with the rest of the world later.

Description : Which of the following is/are correct about shifting cultivation ? 1. It involves no ploughing 2. It is slash and burn agriculture 3. It involves crop rotation 4. It is combined with transhumance (a) I, II, III and IV (b) II, III and IV (c) II and III (d) I and II

Last Answer : Ans: (d)

Description : "Slash and Burn agriculture" is the name given to - (1) method of potato cultivation (2) process of deforestation (3) mixed farming (4) shifting cultivation

Last Answer : (4) shifting cultivation Explanation: Kharif crops refer to the planting, cultivation and harvesting of any domesticated plant sown In the rainy (monsoon) season on the Asian subcontinent. Such crops are ... , green gram, sugarcane, pigeon pea, black gram. groundnut. sunflower, soyabean, rice, etc.

Description : In which country, slash and burn agriculture is known as “Milpa”

Last Answer : Mexico and central America

Description : Slash and burn agriculture in North Eastern State is Known by which name?

Last Answer : Jhumming

Description : In which country, slash and burn agriculture is known as 'Milpa'

Last Answer : Mexico and central America

Description : Which type of agriculture is also known as ‘Slash and burn farming’ ?

Last Answer : Shifting Agriculture