Get Money For Structured Settlement Annuity

Thursday, August 16, 20120 comments


You may have read or seen a recent television commercial talking about structured settlements and a way to get money today. With economic times getting worse every month you may be looking for more ways to get money. You can now get money for structured settlement future payments. These structured settlements are usually in the form of an annuity. Even though this is a secure reliable future source of money, you may instead need a large sum of money now. Many lawsuit settlements are now paying funds out over a long period. Many injury settlement winners receive an initial large amount of money when an injury lawsuit is settled. The remainder of lawsuit settlement is spread out over 10, 20, or 30 years or more. Monthly payments coming to you from this arrangement are supposed to help and keep your financial peace of mind at rest. This is not the case in many arrangements. Cash emergencies are hard to predict. You need more cash now. Though payment schedules are usually set to increase at a 3-5% level every year, it does not take in to effect large purchases, increasing medical treatments, or new expenses.

Some of the needs for more money can be:

Hospital and medical treatments
Transportation such as a new car
Avoiding bankruptcy
Education tuition and financial student loans that need to be paid off
Money for down payment on new home
Home repair and improvements such as kitchen repair, structure plumbing
Disaster recovery
A finance company may purchase the future payments of your structured settlement. Your future payments are exchanged for cash. You can sell some of your future payments or all off them. The annuity or structured settlement copy must be sent to the finance company for review, they need to analyze the terms and see if it is possible to purchase your future payments. A judge must approve a court order for you to get money.

Make sure the company that is offering the cash is well established. It is important that the payment purchasing company guides and manages the court order process for you.

How can you get more money for your structured settlement? Well, it is your money and now it's easy to get lump sums of cash. The law now permits you to sell your future payments for cash today.



Article Source: http://EzineArticles.com/1733143
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