Cash for Structured Settlement: The Option to Cash In

2007-03-08 10:33:40

( Financial )



If you have ever been the complainant in a personal injury, product liability, malpractice, or other similar type of lawsuits, chances are you may have been offered or have entered into a structured settlement with the other party.

WHEN CASH IS PREFFERED

A structured settlement is the deferred payment scheme that the other party is offering in order to bring the lawsuit to a resolution. The other party acknowledges liability and offers to pay damages in the form of regular installments instead of one lump sum.

Oftentimes, you as the complainant will accept the structured settlement payment because it is the only way the liable party can ever pay its financial obligations and compensate for the damages they have caused you. Moreover, it is often the only way to find closure and justice for all those involved. Structured settlement offers a compromise that is mutually beneficial to both parties.

However on the side of injured party, opting for a structured settlement may be the only choice you have. It is better to receive deferred payments than none at all. This may work for some as they are guaranteed money on a regular basis like a pension. But there are some cases where lump sum is preferable. In cases where you need a sizeable amount of cash, there are companies that offer cash for structured settlement.

THE OPTION TO CHOOSE

Cash for structured settlement is a financial service that companies offer if you want to sell your structured settlement. These companies will offer you a lump sum in exchange for the rights over your structured settlement. After receiving cash for structured settlement, the companies who bought the settlement will now be the recipients of the regular installments that you have been getting.

Cash for structured settlement can be very accommodating. If you have hesitations about selling your entire settlement, or if you want to receive a lump sum and still want to keep some of the regular installments as a back-up, these companies will give you an alternative – they can buy only a portion of the total value of your structured settlement for cash.


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