Want to get cash for structured settlement payments? Although you can't change your settlement structure, you can sell your payments for a cash lump sum
Did you think about getting cash for structured settlement payments that are set to be paid out in the future?
If you entered into a structured settlement agreement as a result of a personal injury, the future payments plan is effectively locked and can not be altered in any way.
You can not...
What if you find yourself in a situation being hard pressed for a larger sum of money, but have no other financial source to get the needed funds from?
Let's say you....
Unfortunately, your structured settlement may not be of much help now since the money is "locked" and inaccessible, and you can't change the payments schedule and get your money before the payout dates.
The good news is that you can still generate money through your structured settlement by selling some of your payments and get cash for structured settlement payments.
Remember: when you cash out structured settlement payments, you get less now than you would get in your payments later. You pay a price for receiving money now rather than later
You can (in many cases) sell your settlement payment rights, or just some or parts of the payments, to a third party in exchange of an agreed upon amount of cash that will be paid to you within a relatively short time frame, so that you can use the money to fund your current needs.
(You can't sell your structured settlement "now," however, as some time has to be allowed for the preparation, process and court hearing that is legally required in order to sell your structured settlement - read more here.)
Are you ready to sell your structured settlement? You'll need to go through the following in order to initiate and complete your settlement payments transfer:
Learn more about the process how to sell your structured settlement here.
Before you go ahead and sell your structured settlement payments, it is important to understand that you will not get the full amounts of your future payments when trading them in for a cash lump sum now.
In fact, you will get far less in the up-front cash amount than you would have received waiting out the periodic payments.
The reason is because you are trading the benefit of more money [later] for the benefit of immediate money access.
Thus, you are paying a price for getting cash for structured settlement payments now rather than getting your money at a later time.
The price is the difference between what you get in the current lumpsum payout and the value of your future payments. This is the amount you "pay" (or "lose") in the transfer deal.
More specifically, you are getting less in cash for structured settlement payments now, because of...
Seeking Independent Professional Advice on selling your structured settlement
Can you sell parts of structured settlement payments?
Selling partial payments to a Servicing structured settlement purchaser
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How A Pretending 'Structured Settlement' Seller Tried To Defraud Me With Thousands of Dollars Not rated yet
What a coward! He tried to me rip me off, unsuccessfully - luckily. Thought structured settlement factoring companies are rip offs, as some would like …
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