Sometimes, annual payments from a structured settlement or annuity just aren’t enough. When an emergency situation arises or a new financial opportunity appears, you may need more funds each month. Many people find that selling a structured settlement-rather than waiting for the money to arrive at some future date-can be extremely helpful for a number of reasons.
* Pay Off a Debt – If the small, monthly payments from your settlement aren’t enough to cover a large debt that has accrued over time, you can get a large sum of money for your annuity and completely pay off the debt. A lump sum can help you take control of your financial future.
* Major Purchases (Homes/Vehicles) – Whether you are looking to purchase your first home, or have a house in desperate need of repair, selling your structured settlement for a lump sum can provide the money you need for a down payment on your housing situation. In addition, it can provide you with the opportunity to purchase a reliable vehicle for your everyday transportation needs.
* Higher Education – As the cost of education continues to rise-and regular annuity payments cover only the basic monthly expenses-they may not provide enough to cover educational expenses for you or your children. Using a lump sum to pay for your education is a solid investment for your future.
* Sudden Illness – Medical expenses are tough, especially if you don’t have good health insurance. If the unforeseeable happens and you find yourself in need of emergency or special treatment, a lump sum can take care of you when smaller settlement payments don’t cover all of your expenses.
* Start a Business – The saying that you have to spend money to make money is very true. Many small businesses fail because they don’t have the capitol to get started. A structured settlement may pay your monthly expenses, but you may need a larger amount of cash to fund a successful business.
* Investment Opportunities – Annuities are an investment for your future. A structured settlement ensures that you will receive those annual payments to cover your daily expenses. However, for those who understand finances and know how to make the most of an investment opportunity, it may be more beneficial to get a full payment and handle the investments on your own.
* Helping Others – If you are receiving a structured settlement, there is a good chance that it is because of an arrangement with a financial or insurance company after a personal injury or other circumstance. If you or your loved ones are in really bad shape, you can help your family by receiving a large lump sum.
Structured settlements can be a great help in some situations, but there are times when a larger lump sum of money can make a huge difference. Evaluate your current circumstances and see if selling your future payments for a lump sum of money is right for you.
If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.
Tags: cash for structured settlement, sell payments, sell settlement, sell structured settlement, selling payments
