Structured Settlements News
The case study below is a hypothetical example of a customer experience, and is only intended for illustration purposes.
Structured settlements are a great way to receive consistent payments over a long time and have certain advantages, such as providing a steady income to assist you during periods of financial uncertainty. However, life changes can happen at any time and at some point in your life opting for a lump sum might make more sense than receiving smaller payments. Fortunately, a number of companies can the offer you the immediate cash you need. You can use the money for any purpose and even gain lasting financial freedom if you use the lump sum wisely.
Lump Sums can allow you to:
- Start a new business
- Expand your existing business
- Make home improvements
- Pay any outstanding debts
- Pay for a college education or vocational training
- Have cash available for emergencies
Once you have a lump sum in hand all sorts of possibilities are open to you. Take the case of Jim, who received a structured settlement after an accident. Jim ran a fitness center, but did not have the financial capital to expand his business. After being turned down for loans by a number of banks, Jim contacted a factoring company that provides lump sums in exchange for future payments. The lump sum allowed Jim to expand his facility, add new equipment and hire more staff. The changes made a significant difference in both his facility and his bottom line. The new fitness center proved a magnet to new customers and gave him all the positive results he could have hoped for.
Several factors come into play when deciding whether selling your structured settlement payment stream and taking a lump sum is your best option.
Do you have an immediate financial need? If the answer is yes, then a lump sum might give you the financial relief you need.
Do you know what you want to do with your lump sum payment? If you answer is no, you could be tempted to use the payments on luxuries such as vacation or a new car rather than investing it wisely for your financial future.
How financial savvy are you? If you have a history of doing well with your investments, then you can invest a lump sum yourself and you may do better over time than you would if you continued receiving monthly or quarterly structured payments.
Once you decide that a lump sum is what you need, the next step is to contact J.G. Wentworth and talk to a representative who can advise you on how to proceed. The representative will ask you a number of questions about your structured settlement or annuity and can answer any question you have about selling your future payments. You also have the option of selling only a portion of your settlement payment stream and continuing to receive regular payments from the remaining amount. It's a good idea to call several structured settlement buyers and get their offers before you make any final decision.
Do you need cash now? Are you considering selling all or part of your structured settlement payment stream? Get all the straight facts from J.G. Wentworth, one of the most experienced purchasers of structured settlement payments in the country.
Call J.G. Wentworth at 1-866-908-0630 to discuss your unique situation or fill out the Free Quote form.