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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.
Online Bingo Behaviour
Bingo is not like many of the games that are played online and all of the different online bingo halls have a strong sense of community. The chat boxes are often full of people behaving and chatting away to each other and there is no animosity between players. Everyone seems to pretty much get a long and this is helped by the fact that most chat rooms have a chat moderator in them who will quickly deal with someone who is ruining the fun for everyone else.
So its important when you play that you fit in and don’t cause problems or do something that might not be seen as acceptable. Swearing is often a big no no when it comes to the bingo chat boxes. If you narrowly miss out on a win then you are more likely to find people being philosophical about it and congratulating the actual winner than swearing their head off in the chat box and moaning about not being the winner. Its important that you can be a good loser as well as a good winner.
Being a good loser means that when someone else wins you should congratulate them and be happy for their success. People will often type things like WP which means well played or WD which means well done in the chat if someone they know has taken down the jackpot. Thats fine and people will be pleased for you if you are pleased for them when they win. Remember that and you should have no problems making a few friends pretty quickly. When you lose as mentioned before don’t swear and try your very best not to be bitter about it!
Often being a good winner is just as important as being a good loser. No one likes a show off and especially not when there is money involved. If you do happen to get lucky and win the game then do so with grace and dignity. Try not to celebrate to much in the chat box and makes others jealous and at the same time make sure you are taking note of peoples congratulations for you and say thank you. Playing in this manner helps build a really friendly atmosphere between players and is also a pretty good ice breaker.
If your not up to date with you bingo lingo then you should take a little while to do some research and find out what each thing means. There are long lists freely available on various bingo websites so you can take a look at one of these and it might not be a bad idea to print it out so that you can refer back to it when playing if someone types something you are not familiar with. Don’t worry after a while you will get used to it and will more than likely start to use some of the terms yourself, just stick with it for a while and it will come. If you follow all the instructions above then you should have no problem what so ever getting along with everyone in the bingo chat box.