Sunday, October 7, 2018

Cash Advance From a Structured Settlement

Cash Advance From a Structured Settlement

This is now possible but it is called a payment exchange. If you are reading this then a structured settlement may have come your way. Tens of thousands of injury victims are now receiving long term structured settlements instead of large amounts of cash. Cash advance from a structured settlement is pretty much easy now if you can show a need to the courts. Back in the mid eighties most lawsuits were settled with a one time cash payout that the juries ruled on after hearing a case. Now there are other common lawsuit payout methods. A so called cash advance structured settlement is not a real cash advance, you don't have to pay it back and it is an exchange for future payments. With the increase in law suits and the advancements with settlement laws, now more lawsuits are paid in long term structured settlements. The problem with this is many.

It's very hard to predict future expenses and on-going costs from down time, bills, injury rehabilitation and other. Sometimes injuries turn into other long term injuries such as future back problems, disability issues whether temporary or permanent. The structured settlement just pays a steady small amount monthly. A person can't get a loan or a traditional cash advance on a structured settlement. The structured settlement can not be used as collateral either. So what can a person due if unexpected related expenses come up or prices go up on products or services that you need to recover or rehab. Well the laws have been updated to now allow a structured settlement owner go to a finance factoring company and get large amounts of cash in exchange for future payments tax free. Your trade of future payments result in a less amount of money you would have gotten longterm. The large amount of cash given will be tax free and with very little expense from the owner of the annuity. Many factoring companies will deduct legal fees from the large amount of cash. This "cash advance" from a structured settlement is called settlement funding or selling your settlement payments. A court order from a judge must be done in most states to complete this type of transaction; a real need for the cash must be recorded and shown. The needs for large amounts of cash from the structured settlement can be any of the following and more:

College education for your children's or your's
Medical bills and medical equipment
Large household improvements
Avoidance of home foreclosure
Buy or payoff a home
New car or car payoff
Business expenses and cash needed to continue your business
Taxes and other financial problems
Furniture and household items due to a crises or disaster
Divorce needs for a new start
The above are serious needs for cash and more may exist. It is up to the judge and court to decide if the reasons a person needs cash for their payments is valid and in your best interest. The "cash advance" structured settlement if done right takes from 25-90 days pending court case load. Get started now.


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