An individual might want to sell a structured settlement payment in order to get a lump sum payment of those funds upfront instead of being paid out in installment payments.
"Usually, a structured payment is set up as part of a structured settlement." A structured payment is made to a claimant who was part of a structured settlement. They receive payments instead of one lump sum.
There are a few things someone would have to do to sell their structured settlement for cash. First, a person would have to fill out an application and determine how much of their settlement they wish to sell.
Someone might be advised against having a structured settlement investment because there is no guarantee of a positive return. You could end up losing money or breaking even.
If you are wondering what are important elements of structure settlement, I suggest you ask your local structured settlement professional. They would have a lot of information, that most people do not have, and they can most likely help you out.
If you are receiving payments from an annuity or a personal injury claim you may be able to get a structured settlement. Basically you are given a lump sum in exchange for the monthly payments you would have received. For some people who need quick cash this can be valuable. However, you will be loosing a large portion of the value by doing so. Structured settlement factoring is the process of selling of selling some or all of a portion of future settlements payments for a lump sum payment today. This means you have to be presently receiving a structured settlement payment in order to engage in this type of transaction. People use this type of transaction if they have a short-term liability that requires much more money than what they can cover with the periodic structured payment.
Given the high amount of variation presented in a structured settlement payout plan, it can be concluded that the single most reliable location to obtain information on acquiring a structured settlement payout plan would be directly from the company that would be handling the structured settlement payout.
There are different types of a structured settlement that a purchaser can buy. One would be an insurance claim, another would be a workman's comp. claim.
A good time to get a structured settlement would be whenever is most convenient. The payments can be done monthly or yearly and the better option would be up to the individual based on their needs.
Information on structured settlements can be obtained through a free consultation with someone in the lending industry. Loan Officers and brokers would have this information.
The easiest way for one to find a structured settlement calculator or plan would be to visit the nearest financing company, as this would also allow them to ask questions and seek guidance. Alternately, one could find the information online if they are unable to find a credible financing company.
Structured settlements are typically obtained by large companies in cases of litigation for injury cases. The settlements have the benefit of decreasing legal costs by avoiding trial.
There are several good trustees for lump sum cash payments from structured settlements. Aspire Settlement Funding, Settle 4 Cash and Stone Street are a few places to try. You would have to determine the trustee that best meets your needs.