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Monday, April 27, 2009
Saturday, November 3, 2007
Getting cash for structured settlement right now!
You probably have clicked on this article because you have won a lawsuit and have been awarded a structured settlement. Many states now make this a mandatory part of settling big claims: the kind you receive after a major injury or death due to malpractice and workmen’s compensation lawsuits.
This kind of settlement breaks down your award into smaller payments received on a regular basis over a period of time; instead of, receiving one lump sum at the end of the trial. The point of this long term payment plan is to insure that you will have money in the future if you need it. But this isn’t always practical. Sometimes, due to default, it is possible that you will never receive your full award; or, you may need money now instead of later. Is there a solution?
Companies that offer cash for your structured settlement will give you the money you need now. Instead of receiving your structured settlement cash payments over a period of time, you will receive one lump sum payment in approximately 2-3 weeks. With this cash, you can invest in a high yielding investment instrument. You many choose to buy a house. Currently it is a buyer’s market. You have the opportunity of owning real estate at a bargain price. This opportunity may not be available down the road. Maybe your injury will permanently prevent you from returning to your old job.
You could use the lump sump payment to go back to school and be retrained for a new position. Many times when you have been out of work for a long time bills begin to stack up. If you have a lot of outstanding debt, a lump sum cash payment can be a life saver. Sometimes new medical or personal emergencies come up and you need cash now. All of these reasons are good reasons to find a buyer.
How do you find a buyer who will give you enough cash for your structured settlement? You can search online for companies that advertise that they buy these financial instruments. Make a list of well established companies. Contact them and ask them for a quote. When you talk with them, get a feel about how they do business. Do they answer all of your questions clearly? Check on options. It may be possible to sell only a portion of your settlement. When you are satisfied and have made your choice, make sure you have your contract reviewed by your attorney before signing it.
Is cash for your structured settlement the right choice for you? The answer is a resounding yes; if you need money to buy a home, invest in higher yielding instruments, have a personal or medical emergency or need to pay off debt. Find out how you can receive structured settlement cash today.
Jamie has been working in the finance industry for many years and is a contributing editor to Selling Mortgage Notes. Learn how to receive structured settlement cash from professional note buyers on our site
Sunday, October 21, 2007
Selling Structured settlements! When ?HOW and WHY?
With a structured settlement, you do not simply get money at a regular interval to cover your basic living costs and other expenses like medical costs; you also have the option to sell the right at any point of time to get a lump sum amount to meet up sudden needs.
At the same time, you can also settle for periodic payment options to cover occasional costs like education, marriage if you have other means to support you in regular life. In reality, a structured settlement offers you enough flexibility to plan your income depending on your financial conditions.
To add to this, the amount you receive on a regular interval is completely free of federal or state tax. Whereas if you had taken a lump sum amount and invested them otherwise to earn a monthly income, you would have ended up in paying a big part of your earning as tax. For the last comment, we assume that the concerned person have invested the amount wisely. These are reasons enough that people in general love to get a secured structured settlement instead of a onetime lump sum amount.
Nevertheless, here comes the crux – why, when and how do you sell your settlement in an urgent need! Say, you settled with your company for a monthly coverage option but all of a sudden, you got yourself deep in soup and needed some liquid cash urgently. What would you do if you do not have any other option to support yourself with a lump sum amount! If this is not enough, you may find some people who sell their settlement to get lump sum amount to start their own business or to build their portfolio. If there is no option left, you can sell the right of your structured settlement and Government allows you the provision to do so.
Many companies purchase the structured settlement rights at a discount price. The amount you can get depends on your attorney’s negotiation skills and market reputation of your previous employer and other conditions. Often the settlement purchaser demand for a higher discount rate not only to cover all the risks involved in the process but also to draw a bigger profit margin. There is a common misconception that you must sell all the annuities at one go. However, here you have all the flexibilities to sell your annuities partially and thus you can sell only as much as needed to overcome the immediate expenditure. The rest can be left, as it is, to cover your regular expenditure. The first thing you need to do is to hire a professional financial advisor and/or an attorney to get the best
Friday, October 19, 2007
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To meet your immediate and otherwise costly expenditures, the best bet is to get a structured settlement. So many Americans are broke and they are selling off their future payments in return for a big lump sum right now. There is no dearth of companies that will readily buy your structured settlement payments in return for a large lump sum.
This has resulted in rise of competition amongst structured settlement providers. Hence, it becomes much easier for an average guy to get the best lump sum in exchange for his structured settlements.
I have started a little blog where i hope to guide you towards getting the best deal for your structured settlements http://structured-settlement4you.blogspot.com/ Please do visit
In the US, a many a poor scenarios arise every year for people who opt for large lump sums with their structured settlements. They still lag financially and forced in to further debts as their payments are not as high as their expenses.
Thus go for structured settlements only when you really need to.
The Pros and Cons of a Structured Settlement
If you get injured and cant work due to an accident , the compensation will be in form of structured settlements.
You are paid monies through these structured settlements so that you can recover financially as you have been undone by an injury or accident.
If you already have an income, it would be truely awesome to have structured settlements as the second source of income.But, this is not the case for most of the people in the US
Up on receipt of a large lump sum by selling off your structured settlements, you can take in to your hands your future. You can decide what to do with the lump sum -- may be invest the lump sum to gain high future rewards.
When you receive a large lump sum of cash for your structured settlement payments, you can immediately begin to take control of your future. You decide where your money will be best put to use. You determine how your money will work for you.
There is no waiting endlessly for a quote of a lump sum. Any company that specialises in purchasing structured settlements will give you a quote on the lump sum if you decide to sell your structured settlements for a lump sum.
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Although there is some uniformity in all of these countries, each single country has a slightly different approach to it with varied definations, rules for the structured settlements.
Structured settlements may also infact include income tax and spendthrift requirements and benefits as well. Structured settlement payments are sometimes also called “periodic payments”. A structured settlement incorporated into a trial judgment is called a “periodic payment judgment”.