Guide to Structured Settlement: LUMP SUM

Getting a Lump Sum of Cash For a Structured Settlement

Now because of rising expenses and a need for cash the desire may be a lump sum. Structured settlements have advantages and disadvantages when thinking about keeping them or holding on to them. Lump sums of cash as approved by a court order can be used for many of the following:

    * Down payment on a new home
    * Get out of debt that you are drowning in
    * Pay off credit card bills
    * Pay medical related bills and services
    * Buy a new device or equipment that would help your disability
    * Pay piled up business expenses or fund a business
    * Education tuition and school bills
    * New car or payoff of a car
    * Home improvements that are desperately needed, such as a new roof

The final decision will ultimately be the judge that is looking at your request. Most requests are approved, but it is not guaranteed that all cash transfers will be approved. There are some items in the settlement that may not allow for the sale of future payments, there may be a non assignment clause, an age to sell clause or other type of restriction. In any case when you need a lump sum from your structured settlement there are ways to do this and it is fairly common now to get cash from your future payments. Find a present value calculator on the web and see what your future payments are worth today. This will help you get a ruff estimate of what the future payments are worth. The settlement funding companies will have their own risk rates for present value.

Use the calculator to see what the ballpark amount would be. When researching to find a good buyer one way to select is to contact the national better business bureau by phone or their web site to see if they have a low amount of complaints. Now you are ready to get a lump sum of cash for your structured settlement. Get the process started now.

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