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Time is money! We've all heard the expression. But what does that mean for someone with a structured settlement? Many people every year are granted structured settlements and annuities. These come in the form of lottery winnings, worker's compensation claims and lawsuits. In some cases, the winners choose to have payments paid out over a number of years rather than in a lump sum at the beginning. For some, this is a great option. However, selling your structured settlement for immediate cash may be just the remedy you need to enhance your quality of life.
Why sell settlement? For many, payments stretched out over 20 years is not the best financial decision. The money from your structured settlement can be used now for a number of income-generating purposes. Investing in a small business, purchasing stocks, buying real estate and investing in a child's college education are all worthy pursuits. Using your settlement money now instead of ten years later can pay off in larger dividends and higher profits.
There are many companies available that will purchase your structured settlement for cash. In exchange, you forfeit a percentage of your earnings. This is called a structured settlement factoring transaction. This transaction allows you to give up the rights to receive structured payments to receive the cash immediately.
Although some people use their lump sum payment to invest in business opportunities, education and stock investing, others use the payments for daily living expenses. The lump sum of money can be used toward a new home, a better car, vacations or debt repayment. All of these are valid reasons for selling your settlement and receiving the benefits of cashing out your settlement funds.
Should you sell your settlement? When thinking ofwhether to sell settlement, there are a number of factors to consider.
- Age.People who are closer to retirement may decide that the earnings can be better used in the short term to fund their living expenses while they're not working. Conversely, workers with younger children may decide that the interest rate on a college savings account for their children is higher than the interest rate on the settlement payments. This makes selling the settlement a more attractive option.
- Need. Are there costly home repairs or necessaryhome improvement? Is the money needed now for a business opportunity? A structured settlement payout is a great way to cover these expenses.
Need to sell settlement? Time is money and finding the right company to purchase your settlement will bring you closer to funding your dreams.
What else can I help you with?
How would one go about selling structured settlement for cash?
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.
Where can I learn more about cash for structured settlements?
You can learn more about cash for structured settlements at at www.jgwentworth/Structured-Settlement/Sell-Structured-Settlement.aspx. They explain what a structured settlement is, and how to sell all or some of your monthly payments.
How can I get a payment advance on my cash structured settlement?
There are many organizations that advertise on television that offer payment advances on cash structured settlements. In addition to them, a good one online is www.stonestreet.com. A structured settlement spells out the terms of the settlement and when the settlement payments will be made. There is not a way to get a advance on that.
Where could one obtain cash loans for a structured settlement?
A few places where one could obtain cash loans for a structured settlement include Stone Street, Imperial Structured Settlements, and Peach Tree Financial.
What is a Structured Cash Settlement?
A Structured Cash Settlement relates to a financial or insurance policy or arrangement. Here, the arranged financial payout will be in stages, rather than as a lump sum payout.
What companies will provide cash for structured settlement?
Singer Asset Finance is one company that will provide cash for structured settlement. Catalina Structured Funding also offers this option. Main Street Settlement is yet another company. There seems to be a lot of companies that can provide cash for structured settlements, but take your time and look through your options to find the best one.
How could one obtain cash for structured settlement payments?
One can obtain cash for structured settlement payments from any of the legal financing companies. Structured settlements is a periodic payments of funds. It is received as a claimant of injured party.
Where can you find a cash settlement?
A cash settlement can be obtained through an insurance company if you have a claim in which money is owed to you. A cash settlement is usually paid in one lump sum, as opposed to a structured settlement of paid installments.
How long do structured settlements typically last?
A structured settlement is an alternative method of compensation in personal injury cases. Instead of proceeding with litigation or accepting an all-cash settlement in one lump sum, clients who choose a structured settlement receive a cash portion of the settlement now and periodic payments made through a Structured Settlement Annuity for whatever length of time they choose. They can even choose to receive payments for their entire lifetime.
Where can someone sell their structured settlement?
A structured settlement is a court order sum that is considered to be a reimbursement for some type of negligence that has been caused by a company or person. One can sell this settlement in order to expedite the process of getting money, and can be done with companies such as My Structured Settlement Cash or Liberty Settlement Funding.
Can you take out a loan using my structured settlement?
The answer is Yes. You may obtain a low interest loan for your structured settlement. You also have the option of selling partial payments or full payments.
How is the fee for a cash for structured settlement deal determined?
The fee amount is determined up front as teh cash settlement deal is finalized. This fee is often based on the total percentage of the settlement.
