If you are receiving structured settlements either from a lawsuit or some other means you may be able to get some "quick" cash by going to a company that will purchase structured settlements!
How this works is that the company will purchase your structured settlement and pay
YOU a lump sum in cash. Companies that purchase structured settlements will purchase your structured settlements so that then they receive your structured settlements and
YOU will receive a lump sum payment in exchange for your purchase structured settlement.
You do have to be careful though because there are a lot of places with the advertisement of "we purchase structured settlements" and I have even seen a few commercials on TV from lawyers and law firms saying that they also purchase structured settlements. There are also advertisements both online and off saying "we will purchase your structured settlements
for cash!
Some places offer to give you a free quote before you make the decision to let them purchase your structured settlement. Some of these companies will also provide you with information on buying and selling structured settlements at not obligation or cost on your part.
There is even an option of you purchasing structured settlements
yourself if you are thinking about investing your money. You pay someone cash for their structured settlement and you in turn receive the installment payments of the structured settlement yourself!
So if you're looking for a way to be able to get cash you may want to look into companies that purchase structured settlements. It is a way for you to be able to get some quick cash!
Keep in mind though that some of these companies that purchase structured settlements intend to profit from their purchase, and sometimes their offers may seem quite low so it is a good thing for you to shop around to get the best (free) quotes available from companies that want to purchase your structured settlements.
2 comments:
The insurance companies will try to purchase the structured settlements paying cash with less 20-35%. People should look around and find a company who pays more. If you find some company who takes out 25%. This is great.
Obviously you know more about this than I do and you seem very knowledgable about it. I do know that people will sometimes settle for any company's settlement only because they want their money as soon and as quick as possible - meaning that they may not want to "shop around" for a better deal. But if they can afford to wait I do agree with you that they should find a company with more favorable terms.
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