Who Is Eligible to Sell Structured Settlement Payments for Cash Lump Sum?
Actually, all structured settlement recipients have the option to sell all or part of their future payments for lump sum cash if they need to raise a considerable amount of money when faced with financial dire straits. Although it is an option they might want to consider as a last resort because of the difficult processes involved and the unforeseeable consequences selling structured settlements may have. Structured settlements ensure a periodic and reliable inflow of funds that recipients may need for ongoing treatment for injuries or perhaps other long term needs. If they rely on this inflow to maintain their quality of life, recipients may be giving up future stability for a present need. Furthermore, the lump sum they will receive usually has less value than the sum of the structured settlement payments. With so much at stake, structured settlement sellers ought to try other ways of raising money before selling all future payments. In some cases where the recipient is already fully
Related Questions
- Can I sell my structured settlement payments if my state does not have a law specifying how the sale of structured settlements should be handled?
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