COMEDIENNE Felistas ‘Mai TT’ Murata has been ordered to put up a defence in her theft of trust property case.
Harare magistrate, Munashe Chibanda, dismissed Mai TT’s application for discharge and ruled that the State had proved its case against her.
Mai TT allegedly misrepresented to Rachel Mhuka that she had a Mercedes Benz to give as surety and took a US$10 000 in loan from her.
She later handed over an Audi as security, then withdrew it and gave her an invalid passport as surety.
Upon seeing that the passport was invalid, Mhuka confronted Mai TT who then returned the collateral.
In January, Mhuka was approached by cops from Rhodesville Police Station who told her that the car belonged to Else Event Car Hire.
Else Event Car Hire filed a report of theft of trust property claiming it had entered into an agreement with Mai TT, which stated that she would hire their Audi Q5 for US$770 per week.
She failed to make the payments and was ordered to return the vehicle, but failed and became evasive.
The matter was reported to the police.
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Structured Settlement vs Lump Sum Payment
Structured Settlement vs Lump Sum Payment
A structured settlement pays money over time instead of giving the full amount upfront. Structured settlements are common in injury cases, insurance claims, and lawsuit settlements.
A lump sum settlement pays all the money at once. Both options have benefits and risks.
Benefits of Structured Payments
Structured payments can provide steady income and help prevent spending the money too quickly. They may be helpful for future medical care, living expenses, or long-term support.
Benefits of Lump Sum Payments
A lump sum gives immediate access to cash. This may help pay off debt, buy a home, cover medical bills, or invest.
However, receiving all the money at once requires strong financial discipline.
Selling a Structured Settlement
Some people sell future payments for cash now. This can provide quick money, but the amount received may be less than the total future value.
Conclusion
Before choosing or selling a settlement, consider long-term needs and speak with a financial professional.
Mortgage Refinancing Strategies for Homeowners Looking to Reduce Monthly Payments
Mortgage refinancing has become a popular financial strategy for homeowners seeking lower monthly payments and long-term savings. Refinancing involves replacing an existing mortgage with a new loan that offers improved terms, lower interest rates, or adjusted repayment schedules. Homeowners often refinance to reduce borrowing costs, access home equity, or switch from adjustable-rate loans to fixed-rate mortgages.
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Interest rates play a major role in refinancing decisions. Even a small reduction in mortgage interest can save homeowners thousands of dollars over the life of a loan. Many borrowers also use refinancing to consolidate debt or fund home renovations that increase property value. Financial institutions evaluate factors such as credit scores, income stability, and property equity when determining refinancing eligibility.
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One of the most important aspects of refinancing is comparing lenders carefully. Homeowners should review closing costs, loan terms, repayment periods, and hidden fees before signing new agreements. Online mortgage calculators and financial planning tools can help estimate monthly savings and overall loan affordability.
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Refinancing may not be the right option for everyone, especially if closing costs outweigh long-term savings. Financial advisors encourage borrowers to calculate break-even points and evaluate long-term financial goals before refinancing a mortgage. Responsible borrowing and careful planning can help homeowners improve financial stability while reducing debt burdens.
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