The following article provides some answers to the most common questions about structured settlements. By the time you're done reading this, hopefully you'll have a better understanding of structured settlement answers and information.
Who is eligible for structured settlements?
Anyone involved in an accident or lawsuit can be offered a structured settlement as part of the court's ruling. It's especially popular with auto accident and medical malpractice victims. However, no one is ineligible from receiving structured settlements.
Why do people sell their settlements?
Many people experience great financial distress during their situation that causes them to receive a settlement in the first place. By selling their settlement, they're able to have a large sum of money to do what they need, rather than getting a tiny amount every month or so. Some people just sell their settlements to finance an education or other large purchase, which is really quite frivolous at times. Education or a home is one thing, but selling a settlement to buy a new car or a boat is a little irresponsible.
Who can I sell my settlement to, and how do I find them?
There are plenty of companies that will purchase structured settlements from people for various rates. To find these companies you can look in your phone book, or simply do a search online for companies. Make sure that you research all the companies before you agree to anything to ensure you're working with a legitimate company.
What do I lose by selling for a lump sum?
You'll lose some of your settlement by selling it off to a settlement funding company. However, if you're in dire need of financial salvation, the money you don't get will be well worth the money that you do get. You'll surrender all rights to your settlement to the purchaser, leaving you with no legal ties to the money. They will take care of everything else between them and the company that's paying the settlement.
| For more shockingly easy tips and information on structured settlements, including how a structured settlement actually works, visit http://www.Structured-Settlement-Tips.com Article Source: http://EzineArticles.com/?expert=Costas_Peppas |
No comments:
Post a Comment