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Structured Settlements: Cash for Urgent Needs

By Edited May 5, 2016 0 0

Getting cash for structured settlements is a good way of managing to dispose of a large amount of money at once for financing an idea or an opportunity, or for paying for emergency things such as surgery or expensive medication and treatments.

First of all, if you're already confused about what structured settlements are and how do people buy and sell them, let's start with the beginning. Structured settlements are financial arrangements following winning a law suit, to receive your claim compensations not in one lump payment but in monthly or yearly installments. Sometimes this is needed because the sum may be too large to be paid at once, so there would be no way to get into its possession, no matter what happens with the party that lost the lawsuit. During the period of these payments, the beneficiary can sell his annuities or only a share of them for a cash advance. Getting cash for structured settlements is not so hard, as there are many investors who seek ways of placing their money and such deals are excellent. You can imagine that you'd get paid less than you'd get if you waited for the money to come as scheduled, but this is the whole point that makes such deals possible: you need fast cash, so you accept less and the investor wants a good arrangement, so he'd make more money than he'd have given you. As he is not in a hurry, all parties are happy.

How to Get Cash for Structured Settlements

Maybe the most convenient way to handle this issue is to hire a broker to do it for you. After all, you don't want to sell your annuity to the first investor that pops up in your way, because you may lose a much better deal. Usually, investment companies can be checked on to see if they are really serious and can't harm you. Even so, make sure you read thoroughly the terms and conditions they'd give you to sign prior to the acquisition. It would be best if you afforded to hire a lawyer to help you.

Beware that you may need to go to the court and announce your intention of selling your structured settlement annuities. Failing in doing so, may result in void transactions and further trouble. Therefore, if you are considering getting cash for a structured settlement annuity you own, check your state's laws and see what are the legal terms in which this kind of transaction is possible.


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