Get Cash for Your Structured Settlement Payments

Get Cash For Your Structured Settlement

Contact one of our representatives today to find out more about the cash in your structured settlement that you may not have realized is available, but which you may need to meet your financial goals.

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Structured Settlement: Why Would I Want To Sell My Payments?

The biggest question any payee of a structured settlement should ask when they need more money is: Should I sell my structured settlement payments for a lump sum and forego periodic payments? There is no one right answer for everyone. The answer is entirely dependent on you, your unique situation in life, and your need for cash.

Structured settlements are legal payouts that are used as compensation for legal claims such as personal injury. A structured settlement annuity allows an individual to receive a steady stream of income over a designated period of time. However, a situation may occur where the aggrieved party finds him/herself in dire need of a lump sum of money without any other potential financial source except the structured settlement. In such a case, a claimant has the viable option of selling their structured settlement payments in order to get cash now. Below are some of the reasons why you may want to sell your structured settlement payments:

  1. You or a close family member may suddenly fall sick and may require immediate medical attention such as surgery and hospitalization. In such unfortunate cases, you will need money to take care of the accrued medical bills. By selling your structured settlement payments, you will be able to get the cash you want in as little as eight to ten weeks. (Note: the process noted above may take longer due to individual circumstances).
  2. One reason why people opt for structured settlement buyouts is that they do not need the payments anymore. This may be as a result of complete recovery from injury so that he/she is able to return to work. If you have no more need for your payments, you may sell your structured settlement payments in exchange for a lump sum of money, which you can use for other personal purposes.
  3. In case you want to open a business, you may sell a certain number of years of payments in exchange for the amount of capital you need. For example, you may sell five years of payments in exchange for $60,000 initial and running capital. You may then keep the remaining years to support yourself before your business is fully established.
  4. Outstanding debts can also be paid with the lump sum of money that you will receive once you sell your settlement annuity payments. This is another common reason why claimants sell their structured settlement payments.
  5. If you are thinking of buying a home or investing in a more tangible asset, you may be able to accomplish this by selling yourannuity payments.

There are many things you can resolve or accomplish using a lump sum of money. If you need cash now and you have a structured settlement, you can sell some or part of your payment stream in order to help with your financial problems. The professionals at J.G. Wentworth can help you sort through the important issues. With over 20 years of experience in the business of buying structured settlement payments, we are prepared to answer your questions and help you through the transaction.

Call 1-866-433-8603 or fill out the Free Quote form to learn how J.G. Wentworth can help you to get cash now.