Have you received a structured settlement recently? A structured settlement can be a good thing if you have been a victim of malfeasance, have been severely injured or can no longer physically work. Structured settlements will help you pay bills. But what do you do if you have a structured settlement, which is coming your way and you really have decided that you might prefer to have the cash instead? Well, if this is the case you are in luck because there are companies, which will buy your structured settlement for a discounted price?
This is similar to factoring which is used in businesses, which need to maintain their cash flows. They can sell accounts receivables to another company as an investment and get the money that is owed to them in advance. For instance, let’s say a company, which does janitorial services for a government agency, which are notoriously slow to pay and that government agency owes them $30,000 for services already completed? A factoring company will buy that check which is in the mail so to speak for $25,500 and give the money to the company now. You may say well that is 15% of the $30,000; yes it is, but if a small business does not get the money in time they could go out of business because the government is so slow to pay on their contract. Going out of business is not a good thing and if it happens all the money invested and time to build the business is out the window.
Let us say you have a structured settlement and you cash out of the deal using the same type of company? They will get the structured settlement money each month istead of you, but you will have all the money up front minus a 10-15% discount on the total money you would have received. You can then use this money for whatever you want. Such as investing, buying a house or buying new car, plasma TV and other things humans want to make them happy. You see?
"Lance Winslow" - Online Think Tank. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/
What do you think about this article? Do you agree or disagree with it? Be the first to comment on this article, and share your thoughts with the world. No registration is required to post comments.
Structured settlement companies, or factoring companies, trade lump sums of cash to people who have structured settlements from a successful lawsuit. If you want a large sum of money, and are willing to trade
Is A Structured Settlement the Right Choice for You? Mark Benedict Young These days many settlements are made in the structured format. In case you have been injured in a road accident, you might need money...
In recent years, it has become more common for victims of accidental injury who accept a settlement from the at-fault party to accept a structured settlement instead of a lump-sum payment. With a...
You may not be mindful of Structured Settlement Protection legislation, but if you are getting annuity from a structured settlement deal, it is protecting your interests since then.
The courts have just awarded you a settlement in the amount of $1.3 million dollars for injuries you sustained while using the Widget Corporation's product. However, the terms of the settlement require...
If a structured settlement does not meet your financial needs anymore, it is probably a choice to sell future payments for immediate cash. You will receive less than the total sum of the future payments you...
Has anyone been to the gas pumps lately? Soon $3 a gallon will be the asking price and we'll either have to become cyclists or create some additional income. I plan to do both of course because you can...
If you owe money to creditors, you might be thinking about talking to them to negotiate a settlement for your debts, by paying them less than you owe. Be careful, though. You may not have been aware of...
Because it is tailor-made for individual cases, the structure may also include some immediate payment to cover special damages. The payment is usually made through purchase of an annuity from a Life...
FTC Compliant Debt Settlement Processing brings a good transformation in the whole performance of the settlement sector. This legislation has made settlement or negotiation a much more reputable method and...
Identification cards are playing a major position in our current lifestyle. There are various types of cards available in the market at present, which can help us to acknowledge your self and your organization
Whether or not attending a celebration, marriage ceremony of a friend, or Christmas celebration, the very first thing which comes to thoughts is an acceptable gift for the occasion. Many gift hamper...
Drilling machines are equipment which is used to make holes in mortar walls and different kinds of material. These machines are used for business as well as domestic purposes. The forms of drilling machines...
It seems like whenever we open the financial news we see the unions suing a company or going on strike, claiming the company is cheating them, over working them, unsafe work place, not enough benefits, low pay
No one in the World can debate that Saddam was a killer and dictator lacking moral judgment and values. A perfect example that absolute power corrupts absolutely as he massacred the Kurds for which he did...
Some have said that the haves and have nots, disparity will lead to dissension, rebellion and death. And they point out that capitalism when introduced into an emerging nation state will accelerate such...
In the operation of blimps one thing that is extremely important is making sure the gas does not escape. If the gas escapes from a lighter-than-air aircraft it will slowly float back to the ground. If it leaks
After the latest Hurricane of Katrina and Rita on the Gulf Coast many Americans are asking themselves; "where is the safest city in the United States?" Indeed this is a good question; where is the safest...
We have all heard people tell us that the root of all evil is money. Some of us have heard people say follow the money and you will find a felon jelling. These are interesting comments, however if you...
Many consumers in America have substantial debt. In the average case a consumer has 1.5 times annual earnings in short-term debt; credit cards and car payments. This is frightful as many Americans if they lose
Categories
