Structured settlements were designed to help those in need receive a steady income to help with bills and day to day expenses. While the structured settlement payments can be helpful, if your injured and unable to work, your bills can have a way of stacking up beyond the control of your regular payments.
When it comes to making ends meet, sometimes you need more money then you have. Your pile of bills can grow quickly, and if anything happens to your home or car that could mean costly repairs. If you have a structured settlement, selling your payments for a
lump sum payment could be your answer. If you sell your structured settlement payments you could use the money to pay off old debt or take care of your current bills.
You can also use the money to ensure a better future through investments or education.
Selling your
structured settlement payments requires some shopping around. There are many companies that want to buy your structured settlement payments, but not all of them will give you an honest lump sum payment for them. Some companies broker structured settlement payments and will pay you as little as they can for yours. They do this so they can make a large profit when they resell your payments to a bank.
By selling your structured settlement to a bank you can avoid middle men trying to take away your money because the bank is where these broker companies will go to sell their structured settlement payments.
