Benefits of Selling a Structured Settlement

Whitney Taylor | July 8th, 2014

Selling a Structured Settlement A structured settlement may seem like a good option when you win your personal injury lawsuit. After all, what could be better than regular, tax-free payments to cover your bills, right? However, some plaintiffs find after a structured settlement is negotiated that periodic payments don’t cover all the bills that add up after a catastrophic injury.

Medical bills may continue to pile up and those injuries that keep you from earning a regular paycheck begin to weigh on you financially as well as physically. That’s when selling a structured settlement to receive a lump sum of the money you are entitled to might be the best option.

What is a structured settlement?

A structured settlement is one way to negotiate a settlement after a lawsuit has been won. Instead of paying out the settlement in a single lump sum, a structured settlement provides regular tax-free payments over an extended period of time. There are many potential benefits to a structured settlement, beyond the tax advantages. A structured settlement allows you the flexibility to plan your payments around your specific financial needs.

It all sounds great until the unexpected arises – which it always seems to do. Suddenly, you are faced with a large medical bill that you didn’t expect. Perhaps your living arrangements changed, forcing you to come up with additional rent money. Life is full of unexpected financial obligations that can seem that much more overwhelming when you are coping with a significant injury, the inability to work and daily pain and suffering.

One of the greatest drawbacks to a structured settlement is the fact that it usually cannot be changed once it is established. Those terms that sounded so great at the close of your lawsuit suddenly seem inadequate when you are faced with the financial surprises that life typically brings. You need more cash, but your ability to earn an income has been severely diminished since your car accident or work-related injury. Where do you turn?

Why a structured settlement cash advance might be the answer

For some, selling a structured settlement may be the best solution. You can choose to sell the entire settlement or a portion of the payments to get a lump sum of cash when you need it most. These financial agreements are not really “loans” in the strictest sense of the word; instead they are cash advances offered on funds that are already rightfully yours.

Some hesitate to apply for settlement funding due to concerns over potential fees. However, when you work with a reputable company like LawStreet Capital, you can rest assured your interest rates will be the lowest in the industry. When you compare LawStreet Capital’s rates against high credit card fees or late fees when you fail to make timely payments, the charges are even more reasonable.

A structured settlement cash advance isn’t right for everyone. However, if you are someone who is wondering how to keep up with your financial obligations even after your case has been settled in your favor, a settlement loan might be right for you. At LawStreet Capital, we offer an easy online application process and fast approval for applicants. Once you are approved, your money is wired to your checking account within 24 hours so you can start paying your financial obligations and feeling relief from the financial strain.

Structured settlements can be beneficial – until major bills unexpectedly materialize. To learn more about our funding service, call LawStreet Capital at 1.866.FUND.662 for a free consultation with one of our representatives. The application process is free and the settlement cash can be on its way as soon as your advance is approved.