Cash For Structured Settlement : Will You Get Enough?
Posted On Thursday, December 16, 2010 at at 4:30 PM by Lord Sylar
Is money in exchange for structured settlement possible? Well, it is possible.
Many companies do that now-a-days. Meaning, they will buy your structured settlement with hard cash. So,you can get one time lump sum in exchange for steady flow of less money.
But, you need to know some things beforehand.
1. You will ultimately get less money. Company that will buy your structured settlement will have patience, and make a profit. But, as you’re getting all the money at once, you will get less.
2. Make sure first that you actually need the cash. If you wanna do something with that cash which will not be income generating and is only for your pleasure, it is a good idea not to sell it. Nobody knows when you might need the money for emergency situations.
3. Have some patience. If you can stick with the structured settlement plan, in the end, you will end up having more pay unless you have a solid investment plan.
You need to carefully consider your financial condition and what you need before setting up your mind for selling it. You need to understand that there is a difference between what you want and what you need. Try not to sell the settlement plan only to get what you want but you don’t need.
At the end of the day, it is you who can decide whether to sell your structured settlement or not.