Pre-Structured Settlement Loans For Auto Accident Victims

If you were involved in an auto accident and injured you may be considering or be in the middle of a lawsuit; against the person, a company or insurance provider. These types of lawsuits can take many months if not years to complete. Unless the victim choose a settlement, which usually is much lower than what is deserved. Regardless if you ride the case till the end or accept a settlement you'll most likely be stuck with a structured settlement.

A structured settlement is basically an alternative to a large one sum payment. A pre determined amount of money is awarded to the victim and to be paid out at specific amounts over so many months or every year. This can help protect the company or person making those payments from financial ruins. However, it can add a financial burden to the victim since they cannot access all of the money at once. Resulting in negative reports on your credit history; lose of house or auto and even bankruptcy.

There are a few solutions the victim can opt for; one would be what's called a settlement loan or pre-settlement loan. This is where the victim would actually apply for a settlement loan with a settlement loan provider in the middle of the lawsuit. They can receive money ahead of the verdict and use the cash as needed. This can be much more useful than a traditional loan since if your case is lost you don't need to pay back the advance that was given.

Another solution would be to sell your structured settlement. This is where a company or investor would buy out your payments for one large payment. You wouldn't receive the full amount of your structured settlement, you'll get around 75% to 80% at best. This is a good solution if you need money now to pay off bills. However, you can only sell your structured settlement after an agreement has been made in court. If you still have a pending lawsuit you'll have to opt for a settlement loan.

So, if you're an auto accident victim and need cash now you just need to weight your options. You'll be able to do one of two things; if you're in the middle of a pending lawsuit you can apply for a pre-settlement loan. If you have a structured settlement you can opt to sell it to a 3rd party provider for a large one sum payment. Whatever you choose discuss your options with a financial advisor prior to accepting any agreements.

Legal Settlement Loans is the premier settlement loan educational resource. We provide all the needed information to someone looking to get a settlement loan during their pending lawsuit. Visit us today to educate yourself further on settlement loans and how to find the proper settlement loan provider.

Get Cheap Auto Insurance For Your Teen Son

Your son has just obtained his license and with that a new found sense of freedom. Now you ask how to get cheap auto insurance for my son ? Car insurances can vary dramatically in price so read on to learn how to buy car insurance that is affordable for your teen drivers.

Because teens lack driving experience insurers consider them a high risk to insure and thus the premiums assigned are much higher than an adults insurance rates would be. There are a few things you can do to help reduce the rates you pay for your teen drivers.

First you need to stress to them how important it is for them to keep a clean driving record. That means driving safely – no speeding tickets, no traffic violations, and no accidents. Over a period of time there safe driving will be rewarded with lower premiums.

You can also reduce their rates by purchasing insurance with a higher deductible. The higher the deductible is the lower the premium is.

If you are going to be purchasing a vehicle for your teen choose a vehicle that is built well with extra safety features, and do not choose a vehicle that falls into a sports class or higher risk rating class. Be sure to check the class the vehicle falls into.

The graduated licensing laws have come into effect in most states in the USA and some provinces in Canada. The rules will vary from one location to another but the basic underlying philosophy is to restrict new drivers by limiting what their license will allow them to do.

They may be issued a full auto license such as a class 5 but there is usually a letter designation behind it to indicate they are a new driver. These new drivers have nighttime driving restrictions, vehicle occupant restrictions, and a 0 alcohol tolerance restriction to name just a few. They will also be required to take an additional test after a specific period of time to remove them from the new driver programmer.

But you’re still wondering where to get cheap auto insurance for my son? Teenage drivers can dramatically reduce the cost of insurance by purchasing a stand alone policy from an agency that specializes in providing teen insurance. A stand alone policy means they are not added as an additional driver on your insurance but rather carry their own insurance.

These insurance companies reduce their risk for insuring teens by placing certain concessions on the driving habits of them. They may require driving school, no driving after dark, or various other restrictions which allow them to keep the premiums lower for teen drivers.

The statistics for teen drivers aren’t good. A 16 year old driver is 10 times more likely to get into an accident than an adult between the ages of 30 and 59, so you can see why insurance companies are hesitant to provide good rates.

The best thing you can do for your teenager and his or her insurance rates is to teach responsibility and make them accountable. Make them earn your trust for the use of the car, and make them accountable to pay at least a portion of their insurance premiums. They can do this by working a part time job which also breeds maturity, so it’s a win-win all the way.

You and your teenager are thrilled with the new found freedom for both of you. So now you need to do your homework and research teen insurance rates so you can get them on the road. What are you waiting for?