Just got a check for $10K...

[Ichinisan]

I received this settlement for an injury I received as a passenger in a vehicle which was struck by another vehicle. Since the accident, I have developed significantly more than $10K in debts. Is there an easy way to turn this cash into a steady stream of monthly income, or would it be wiser to pay off $10K of my debts all-at-once?

 

[Fiveohhh]

take it to the cas and hope fot the best

 

[Legendary]

I'm not a banker or anything, but wouldn't it make more sense to pay off $10k now to reduce the amount of interest you gain later on?

 

[BD231]

Gambling.

 

[theNEOone]

Originally posted by: Legendary
I'm not a banker or anything, but wouldn't it make more sense to pay off $10k now to reduce the amount of interest you gain later on?

well it depends on what he does with the money. he wants to set up an annuity, which is a good idea if his money is sitting somewhere that grows steadily and at a rate that is faster than the interest on his current debt.


=|

 

[sonambulo]

First tell us how much more you mean when you say "significantly more"

 

[DaWhim]

pay off the debts

 

[Ichinisan]

The logic is that the money may be able to help me pay off all of my debts and provide assistance *after* the debts are paid (rather than only partially helping with the debts).

Of course, this is only feasable if there is a way to turn $10K into a reliable >$100 per month...
I probably have ~$15K in debt.

 

[HappyPuppy]

Your attorney must have sucked, or did you use the services of an attorney?

 

[Ichinisan]

I did, but I accepted the settlement because there was no way that I would last through litigation with steadily increasing debts.

 

[axelfox]

Always bet on black.

 

[Ichinisan]

Originally posted by: axelfox
Always bet on black.

I don't understand why people gamble at all. Aren't the odds *always* against you? Otherwise, a casino would not be profitable for the owners. I can think of no worse way to spend a vacation...

 

[Legendary]

Originally posted by: Ichinisan

Originally posted by: axelfox
Always bet on black.

I don't understand why people gamble at all. Aren't the odds *always* against you? Otherwise, a casino would not be profitable for the owners. I can think of no worse way to spend a vacation...

The house always has better odds of winning - that is the truth.

 

[Fiveohhh]

Originally posted by: Legendary

Originally posted by: Ichinisan

Originally posted by: axelfox
Always bet on black.

I don't understand why people gamble at all. Aren't the odds *always* against you? Otherwise, a casino would not be profitable for the owners. I can think of no worse way to spend a vacation...

The house always has better odds of winning - that is the truth.

exactly..but theres a chance

 

[z0mb13]

Originally posted by: BD231
Gambling.

BET IT ALL ON RED!

 

[RobCur]

ebay all your junk littering all over the house, word it nicely and you might make pretty good $$$.

 

[Ichinisan]

Yeah, I got $105 for a prototype XBOX controller once.

 

[Ichinisan]

Later, my brother sold a used one for $81:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3083434433&category=41017&rd=1

 

[Schadenfroh]

Originally posted by: Ichinisan
Yeah, I got $105 for a prototype XBOX controller once.

pics?

 

[her209]

Run a nekkid lemonade stand.

 

[Ichinisan]

Originally posted by: Schadenfroh

Originally posted by: Ichinisan
Yeah, I got $105 for a prototype XBOX controller once.

pics?

My auction is long-expired...but my twin bro's used auction is still in eBay's database:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3083434433&category=41017&rd=1

 

[kermalou]

whats with all the hot wheels?

 

[vi edit]

If you're gonna gamble, at least give yourself a fighting chance and hit the blackjack tables.

 

[Ichinisan]

Originally posted by: kermalou
whats with all the hot wheels?

My brother let's a coworker use his account...it's gone on for WAY too long

Originally posted by: vi_edit
If you're gonna gamble, at least give yourself a fighting chance and hit the blackjack tables.

Not going to gamble...

I'm looking for advice from a financial expert.

 

[OverVolt]

Originally posted by: Ichinisan
I received this settlement for an injury I received as a passenger in a vehicle which was struck by another vehicle. Since the accident, I have developed significantly more than $10K in debts. Is there an easy way to turn this cash into a steady stream of monthly income, or would it be wiser to pay off $10K of my debts all-at-once?

cash that at the bank and ask for $1 bills...