News and Tips on structured settlement transfers.


May, 2013

May 13

Reputable Companies Offer Cash for Structured Settlements

Every day there are individuals that receive a structured settlement annuity as their award in a civil lawsuit, as a result of injury or damages incurred at the hands of another. Many times, the annuity is payment for misconduct, negligence, or medical malpractice. Sometimes the amount of the monthly annuity payment is not enough to cover the expenses of the claimant, who might have to seek cash for their structured settlement as a way to survive.

Awarding a Structured Settlement

Courts often accept structured settlements as the method for paying the award. To the judge, it might offer significant advantages to the claimant in that it provides a monthly payment to meet living expenses, pay for education costs or even offer retirement income. Sometimes, it works as an effective tool to minimize the ability of the claimant to spend the bulk of the award in their early years, having no funds left as they age.

Terms and Conditions

The problem with agreeing to the terms and conditions of a structured settlement is that it cannot be changed, deferred, increased, decreased, or accelerated. Any time the claimant’s life changes, he or she is still stuck with the original arrangement of the structured settlement annuity. When this happens, many claimants seek ways to find cash for structured settlements they own.

There are numerous reputable companies that eagerly pay cash for structured settlements. However, before selling, the claimant or beneficiary of the annuity should determine exactly how much cash they require. The full amount of the structured settlement does not have to be sold, as companies are eager to purchase even a small portion of the annuity.

Once the determination has been made on the value of the structured settlement, an offer or quote will be made. It is advisable to obtain at least three separate quotes from different companies that offer cash for structured settlements, to ensure the beneficiary is receiving an adequate amount.

May 13

A Lump Sum Settlement Offers Peace of Mind

One of the biggest benefits that a lump sum settlement is going to be able to offer is peace of mind. Those who are in need of money quickly will find that having the ability to receive the money all at once is going to take a huge weight off their shoulders. Being able to pay for emergency dental work, car repairs, educational expenses, and other emergencies is going to be very beneficial.

Most of the time, it is not going to be easy to get a lump sum settlement right away, and you will have to talk with other financial institutions and specialists after you are in a structured settlement agreement. If you need to do this, you have to take the time to research those institutions to make sure that you are working with a company that has a good reputation and that will be able to provide you with the help you need at a fair price to you. Take your time to compare the offers from different companies so you can be sure that you are dealing with the best.

If you decide that you are going to sell your annuities for a lump sum, you do need to be careful with the money that you receive. It is always a good idea to have a solid plan in place for the money that you are going to receive. Those who come into a large sum and who do not have a plan will often tend to spend much more than they should, and that could lead to further financial problems in the future. Instead, you are going to want to make sure that you spend only on your current emergency or need, and then place the remainder of the money into a savings account or an investment.

May 13

If you are on a Structured Settlement, is it Possible to Get an Advance?

Structured settlements are commonplace in America, and there are billions of dollars currently being distributed through structured settlement programs. Though they have certain advantages, they are not without their drawbacks as well. In many cases, a specific amount of money from the settlement is paid each month over a long period of time. Once the terms of the settlement are agreed upon, however, you can’t increase the frequency of payments or the amount of money received on each payment cycle. This leaves many people who receive these settlement payments, but who are also suffering through difficult financial times, to wonder if they might be able to get a cash advance.

No Simple Answer

The answer to that question is: yes, it is possible to receive a cash advance on a structured settlement. Though a cash advance can help relieve some of the hardship immediately, and may seem like a simple solution to financial troubles, there is more to the story than simply applying for an advance.

The Truth of it All

Any time you consider receiving an advance against your structured settlement payments, you need to understand the reality of the situation. Basically, you’ll be selling a portion of your settlement payments to a buyer, in exchange for a lump sum of cash. It isn’t required that you sell your entire settlement to get a cash advance. Selling only part of the settlement is the norm, though you certainly can sell your entire settlement as long as the necessary legal requirements have been fulfilled.

Important Information Regarding Cash Advances

There is some important information you need to know if you’re considering a cash advance on your structured settlement. First, it’s hard to arrange a cash advance without the help of a qualified structured settlement broker. It’s not as easy as selling items in a yard sale, the buyers of structured settlements aren’t going to come to you; you will have to seek them out. Not only that, you’ll also need to make sure that they’re a reputable company that adheres to both federal and state laws pertaining to the sale and transfer of structured settlement payments.

Though there is a way to avoid doing all of the work on your own, and get structured settlement buyers to meet with you on your own terms. A reputable and knowledgeable structured settlement company will ensure that you have the help you need to simplify this process and remove the stress and confusion many people feel when arranging for a cash advance.

It is possible to get an advance on a structured settlement, but you’ll need the help of an experienced broker to make sure the process is a fast and pain-free as possible.

Let Companies Compete to Buy your Structured Settlement!

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