When beneficiaries of structured settlement arrangements decide they need cash now and would be better served with a settlement lump sum, they may consider selling their structured settlement payments to a funding, or factoring company.
Selling a structured settlement or annuity payments is not the best choice for everyone. Having a steady stream of income over the long term can be a valuable thing, particularly these days. Those who are disabled, are being compensated for work or other accident related injuries, who have not yet attained the age of majority or otherwise are impaired in their earning potential, should think twice before deciding to sell a structured settlement.
There are circumstances that may warrant such action, however. Sudden, catastrophic loss – for example, a home that has been damaged or destroyed because of a natural disaster – is one reason that people may wish to sell a structured settlement. Another reason is control. Structured settlement payments are disbursed by the payees according to a strict schedule; you don’t have much control over the payout once your case is settled. However, with a lump sum, you are in complete control. For an individual with business experience and wanting to become self sufficient, selling a structured settlement can be an excellent way to obtain capital in order to start a company, invest in real estate or participate in some other type of investment. Other typical reasons for selling a structured settlement include purchasing a home, higher education and unexpected medical expenses.
CBC Settlement Funding can get you cash for your structured settlement. Contact us today for more information on customized cash options to fit your financial needs.