| Structured settlements are an increasingly popular | | | | company that acts as a broker, putting you in |
| option for resolving injury or damage claims. | | | | contact with a large number of financial institutions |
| These types of agreements allow the beneficiary | | | | who might be able to meet your needs. Working |
| to receive periodic (usually monthly) payments | | | | with a broker saves you time and energy since |
| instead of a single, large payment all at once. | | | | you can get multiple offers and choose the lender |
| This might turn out to be a great option for some | | | | that best suits your needs. |
| people, since the settlement is usually arranged so | | | | The great thing is that more often than not, a |
| that they payments cover some or all of the | | | | broker can get you a free quote based on some |
| injured party's medical and/or personal expenses. | | | | simple info you provide. Then, they will notify their |
| However, with the high cost of medical care, | | | | network of lenders who will then respond with |
| some people may need a larger sum of money | | | | their offers. You can choose which offer to |
| to cover the additional cost or that money might | | | | accept or simply walk away. This is a huge time |
| be needed to cover other non-medical expenses. | | | | saver when compared to researching, contacting |
| If you're receiving payments from a structured | | | | and negotiating offers with each financial institution |
| settlement as a result of an injury claim, you | | | | one-by-one and all on your own. |
| have several options if you need to get more of | | | | Of course, when going this route, you definitely |
| your money immediately versus having smaller | | | | want to make sure you're working with a |
| payments trickle in over time. There are several | | | | structured settlement broker with a vast |
| companies that specialize in purchasing structured | | | | network of financial partners. That will get your |
| settlements and this can offer you a quick and | | | | information in front of more lenders and will |
| easy way to get access to more of your money | | | | hopefully result in more offers. |
| with very little headaches. | | | | If you simply want to receive a lump sum of |
| Usually, you can sell either part of your structured | | | | money but don't have any particular reason for |
| settlement or the entire settlement. However, | | | | doing so, this probably isn't an option you should |
| one thing to keep in mind is that the amount you | | | | consider. Instead, this should be used for |
| receive as a lump sum will probably be significantly | | | | emergency situations or situations that truly |
| less than if you added up all the payments you | | | | require quickly raising money for a specific |
| would have received over time. In other words, | | | | purpose. |
| there's still a "cost" in selling your structured | | | | But if you find yourself in an emergency situation, |
| settlement. But if you need money now, the cost | | | | facing a financial challenge requiring you to raise |
| is reasonable and you can get enough money to | | | | money fast, and you're also receiving structured |
| meet your current needs, this can turn out to be | | | | settlement payments, this is one of the most |
| a great, creative solution to an otherwise stressful | | | | flexible options available to you. |
| situation. | | | | If that's the case, start investigating your options |
| You can either work with a company that will buy | | | | immediately. |
| your structured settlement directly or with a | | | | |