Purchase Structured Settlements
Companies that purchase structured settlements will buy out your future payments in exchange for
advancing you money now, minus their fee. These companies can provide needed cash in a lump
sum, far more than your monthly allotment, if that is what you choose to do, instead of staying on
the monthly or yearly plan that your structured settlement sets forth.
If you have been involved in a lawsuit for personal injury, product defects, medical malpractice, or
wrongful death of a family member, you may have mediated a settlement offer. Many times, since
settlements in personal injury cases can be so large, the payouts are structured, or set up to be paid
out in increments over time. This can be over several months, or years, and in some cases for a
lifetime of payments. This amounts to a guaranteed income for the person who has settled their
lawsuit for monetary compensation.
When a large sum is spread out over many months, or years, there can be some tax advantages, and
it does assure the recipient of future income. By taking a large lump sum all at once, the person who
receives it gets a large amount of money all at one time, with nothing set aside for future expenses.
People who are hurt and have ongoing medical expenses will need a lot of money for their future
care, and a structured settlement is good for that purpose.
Sometimes, however, the recipient has a good reason for wanting a large amount of cash
immediately, instead of the smaller amounts over time. They might want to go to college, or buy a
house, or have another good reason for needing some, or all, of their settlement money up front.
This is a good time to consult the companies who purchase structured settlements.
There is a fee charged, from around 10 to 30 percent of the money advanced, and the transaction is
similar to getting a payday advance, except for a lot more money, and the repayments go directly to
the company that bought out your settlement. It is possible to have them purchase just a part of
your settlement, so you get a lump sum now, and whatever remains would continue as before, but
in a lesser amount. You would still get some future income, just not as much.
When deciding to sell a settlement, it may be necessary to obtain court approval. That is one way
that the legal system acts on your behalf, to be sure you are doing this for a good reason, because
the structured payment system was decided upon for a good reason also. Take time to examine
several companies who purchase structured settlements before you take action. Oftentimes, smaller
competitors offer better rates and terms than the big names like Peachtree and JG Wentworth.
For more information or a free quote on purchasing your structured settlement, contact Professional
Settlement Buyers [http://professionalsettlementbuyers.com/]