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Lottery Winners and Predatory Lenders
Lottery Winners and Predatory Lenders
We have all seen the ads on late night by predatory lenders offering cash advanced for those who have received various settlements from lawsuits and lottery winnings. Many lotteries pay out jackpots over a period of years and it is those structured agreements that are targeted by predatory lenders. Payments by these companies range from as much as 90 cents on the dollar to as little as 30 cents on the dollar. Essentially the lottery winner assigns the lottery payments to the lender for a much smaller lump sum. Many of these lenders monitor lottery winnings and lawsuit settlements and use hard sell tactics to convince the victim to take a smaller lump sum payment.
Last year a New York man won $2,000 a week for life in a $5 scratch off lottery game. John Borrel of Graniteville is being sued by a Florida company that is alleging that Borrel did not pay back $10,000 in cash received against his lottery winnings. The lawsuit filed by Encore Funding LLC seeks the original $10,000 plus 18% interest and legal fees which are likely to be considerable. The lawsuit alleges breach of contract and ‘unjust enrichment’ whatever that means. According to the court Borrel, 38, won a minimum of $2 million to be paid in $26,000 quarterly installments. The lottery payouts continue if the winner lives more than two decades.
In October Borrel entered into two separate contracts for cash advances of $5,000 each. Encore’s lawyer said the company and Borrel are working out an agreement where Encore would pay Borrel for a portion of his lottery winnings from 2018 through 2027. In return Borrel would assign the lottery payments to Encore. The agreement also requires spousal consent and Borrel had told the company he is not married.
This situation highlights the difficulties lottery winners can get themselves into by seeking large cash payments financed by a large structured lottery settlement. Any lottery winner considering a similar move should check out all the terms and conditions of any contract or they could easily find themselves involved in a complicated expensive lawsuit. Most financial experts advise lottery winners to see a legitimate financial planner and get competent advice.
When buying lottery tickets players need to consider what actions they would take if they found themselves sudden millionaires. There are plenty of scammers waiting to take advantage of big winners. A good financial planner or adviser is a must. When buying lottery tickets it is always a good idea to plan ahead.
How to Find Casino Poker Chips for Sale Online
In this guide, you will be introduced to how to find casino poker chips for sale online. There are many online stores that specialize in selling poker chips and other gaming supplies, but not all of them have the quality and variety that is important to have when making online purchases. Here, I will introduce some methods that you should use in order to know that you are purchasing from a reputable company that offers variety, quality, and the best prices!
Step 1:
When looking for casino poker chips for sale online, it is important to know that you are dealing with a legitimate company that offers the products that that they promise. One of the best ways that you can do this is to review the testimonials that are provided by the customers that have purchased from that website in the past. When reviewing the testimonials, it is important to ensure that you look to see what they have to say about the quality of the products that they purchased, the prices compared to other websites, and the level of customer service that they experienced.
Step 2:
The next thing that you will want to pay attention to is the type of contact that can be made with the company that you are considering. Many companies will only list an email address, a telephone number, or just a P.O Box address. It is important to select a company that offers more than one means of communication. It is ideal to purchase from a company that has a valid numeric address, email address, fax number, and phone number. It is also a great idea to check to see if the website offers an online chat option. If you find this, it is likely that you are dealing with a reputable online poker store.
Step 3:
The next thing that you want to look for when looking to online stores where casino poker chips for sale are offered are any and all discounts, possibly even a “lowest prices” guarantee. This will indicate to you that you are getting the absolute best deals for your money. In todays economy, people are no longer looking to “keep up with the Jones”; they are looking to snatch the best bargains on the market.
Why should you be any different? There are online websites that offer quality at a price that is affordable when it comes to poker accessories and supplies. An example is “Poker Stars Direct”. If you take a look at the website, you will see that this is a great example of where to purchase from. They offer both discounts in their everyday prices, as well as a “lowest prices” guarantee!
Step 4:
When seeking casino poker chips for sale, it is important to locate a website that has a shipping and returns policy if, for some reason, you are unhappy with what you purchased. Do not go for those “small print” places that are very vague when it comes to shipping prices and returns on the products that they offer. You may find that they are cheap as far as product prices, but that their shipping prices are outrageous. You also want to ensure that they provide you with the option to return your merchandise with very few conditions.
Step 5:
Now that you know what to look for in an online website that specializes in casino poker chips, it is likely that you will be able to find a store that is ideal for you! The last step is to ensure that they have a secure server where you make your purchase. This will help to protect your personal and financial information.