Should I pay the settlement offer or not
The scam factor people who shop for debt settlement programs are often at the end of their ropes.You can be sued on unpaid debts after charge off, so settling is a good idea when it makes sense for you financially.The court will then issue an order of settlement, which will require the parties to complete all of the settlement papers within 30 or 60 days, depending on the jurisdiction.Taking this offer will settle your workers comp claim for good and you will not be permitted to receive any further benefits, file any new lawsuits (petitions for benefits), or appeal your case.They may also make an offer that is way above what you perceive your case is worth.
An experienced personal injury attorney should.They may make an offer that sounds reasonable.For $2,000 in debt relief, you'd owe $350 to $500 in fees.The first offer is going to be a percentage of what the insurer thinks is the final value of the case.All of these are possibilities.
In most workers' compensation cases, the insurance company will offer a full and final release of liability settlement.If you're working with a debt settlement company, expect to pay fees equal to 15% to 25% of the amount of debt settled.Ask your claims adjuster to break down how they made their offer based on the information they have.The compromise agreement is substituted for the claim by the injured party, and the rights and liabilities.Chances are that the first settlement offer you get for a personal injury will be too low to make you whole.
You should expect, at least, to be asked.Know that you don't have to accept the first, or any, car accident settlement offer insurance companies want to pay as little as possible on each claim.If you want to get paid, you will have to negotiate.