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This depends on how big of a hit you're willing to take on the financial gain in your settlement. Payments may be drawn out over years, but you'll be guaranteed the full settlement. However, if in desperate need of immediate cash, you may sell your future payments for one quick lump sum. Bear in mind that the payout will be dramatically reduced. It is also possible to take out a loan on a settlement, but again, this will lead to a smaller payout, as well, because loans must always be paid back.

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Q: How fast can you receive your cash settlements?
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