The Blog

3 Things You Can Do With Settlement Cash

eliminate debt

If you struggle when it comes to your finances, cash for a settlement can be a great option to help you out. Whether you need to catch up in payments on existing debt or you want to get ahead on payments for living or large purchases, a lump sum of cash will certainly be beneficial. There are several ways you can spend the cash you get from your settlement, but read on for three of the most popular (and smart) ways to use it.

Living Expenses
Over the past decade, household incomes have only increased by 2%, leaving 62% of Americans unable to cover any kind of unexpected expense. In addition, 67% of Americans say they are living paycheck to paycheck. Cash for your settlement can not only help you cover living expenses, but it can provide an opportunity for you to get ahead with those expenses.

Eliminate Debt
Many Americans wish they could eliminate debt in at least one part of their lives. Whether you choose to put the settlement cash toward paying off student loans, mortgage costs, or your car, it’s sure to make a huge difference in your life and your credit. Getting yourself further out of debt will make it easier to correct any other financial issues you may be having.

Make a Big Purchase
Money from settlements is a solid quick cash option if you’re looking to make a big purchase, like putting a down payment on a home or buying a more reliable car. It can give you a huge step ahead in payments that you may otherwise never have.

What would you do first if you got cash for a settlement? Do you think these are the best ways to spend it or would you do something differently? We would love to hear your thoughts and comments!

Need Extra Cash? Consider Selling Your Structured Settlement or Annuity

cash for an annuity nowWhile the economy is in a minor rebound, times are still pretty tough, and everybody could use an extra bit of cash. Whether you’re drowning in unpaid credit card bills and student loans or just need the money to buy your dream home, you can get cash for an annuity now and live the life of your dreams.

Many people come into an annuity through an inheritance, or simply realize that they no longer have use for monthly or annual fixed payments. If you’re in this position, you should know that you can get cash for an annuity now by selling it for a huge one-time lump sum payment. You can do whatever you want with this money, and the possibilities are endless. Here are a few things to know about getting cash for an annuity now:

  • Avoid surrender charges
    It is much wiser to sell annuities rather than surrendering them to avoid ancillary charges. Surrender charges are explained in your annuity contract and typically range from 7-15% of the amount you plan to withdraw from your annuity, which can really add up. Getting annuity or settlement cash as a lump sum will net you much more money on the transaction, and you can have the freedom to spend it whenever you wish.
  • Don’t be a slave to your annuity
    Speaking of spending your lump sum whenever you wish, there’s a good chance you’ve grown frustrated with the inability to access your settlement cash now. There’s no reason you shouldn’t be able to, and you never know what can happen tomorrow that would inhibit you from spending your money. An annuity could take 20 or more years to reach full maturity, which is time you will have wasted living a meager existence when you could have been living extravagantly.
  • Pay for life’s odds and ends
    Almost everybody has some sort of debt hanging over their head, and living expenses in 2015 are truly obscene. More than 40% of Americans spend more than they earn, and you are in the unique position to cover these high costs of living and eliminate debt. There is truly no negative aspect of selling your annuity or settlement when it comes to taking back your financial freedom and starting the life you’ve always dreamed of.

An expert in settlements and annuities who will buy your fixed payments can inform you on the specifics of your case and offer a quote for your lump sum. Consider selling your annuity before it’s too late; you never know what tomorrow has in store.

How Selling a Structured Settlement Can Fulfill All Your Quick Cash Needs

cash needs

Life is full of twists, turns, and surprises, and you never know when a major financial blow is coming your way. If you are receiving fixed payments from a settlement or annuity, you probably aren’t getting enough per month or year to fully cover all of the unplanned expenses that tend to pop up from time to time.

Trying to postpone fulfilling your quick cash needs will only make things worse as interest starts to build and you end up owing more with every passing day. Settlement recipients are in the coveted position of being able to sell part or all of their settlement to fulfill these cash needs and continue on with their life in a comfortable fashion. Here are three common scenarios in which selling your settlement for a huge lump sum could bail you out of a tough situation:

Overdue credit cards
¬†Selling a settlement is one of the best options to erase huge credit card debt. It’s even more important to get settlement cash now when your debts go to collection and your phone starts to ring at all hours of the day. The average household credit card balance is a whopping $7,200, and it’s impossible to eliminate debt that large with paltry fixed payments. You can regain a peace of mind and put an end to the constant hounding of debt collectors by simply paying off your debt in one fell swoop.

Medical bills
Medical issues are one of the most unpredictable things on the world, and sometimes a lengthy hospital stay can end up costing you in the tens of thousands depending on your insurance. About 25% people say they now owe more in medical debt than they have saved in an emergency fund, and much of that is from one or two extended stays that stuck them with a huge bill to pay off. Don’t let one random illness or injury hurt your bank account for the rest of your life.

Legal battle
About 62% of Americans can’t cover unexpected expenses, and legal issues fall under the umbrella of sudden cash needs that can loom over your head for years. Between lawyer fees, lost wages, and a litany of other related costs, you could be in huge debt by the end of your court proceedings if you don’t make large contributions during and immediately after its conclusion. If you’re still waiting on a settlement to be resolved, you can even look into pre-settlement funding and get a portion of your future settlement before it is awarded.

Every person is different, and you probably have a dozen other quick cash needs that are troubling you at this very moment. Consult with a settlement expert to review your specific case and see how big of a lump sum you can get for your settlement.

4 Things You Can Do with a Lump Sum Payment After Selling Your Settlement

quick cash option

Everybody is looking for a quick cash option to make their life a little easier, regardless of how much money they already have. There are always debts that need to be paid off, luxury items that you pine after, or serious investments that you could only undertake with access to a huge lump sum of money.

Selling an annuity or structured settlement is the best quick cash option for those who are currently receiving fixed payments. It allows you to access your settlement cash right now, as opposed to patiently waiting for it to reach full maturity. There’s an endless list of possibilities regarding what you can do with your lump sum, and the choice is completely up to you.

Financial freedom is something that everybody desires, and you are in the unique position to take advantage of a quick cash option and start a brand new life. Here are just five of the many things that you can do with a cash for a settlement:

  • Eliminate debt.
    Imagine getting rid of monthly credit card payments and other debt that has built up through the years. The average household credit card balance is over $7,200, and student loan debts are even more exorbitant. A 2015 college graduate will have to pay back an average of $35,000, and having debts like these hang over your head can worsen the problem as interest builds.
  • Cover your increased living expenses.
    If you are one of the 76% of Americans who is currently living paycheck-to-paycheck, you’d be foolish to not look into selling your settlement for a lump sum. It provides you with the comfort of knowing that one financial setback, i.e. a major car repair, won’t completely cripple you. Living expenses become pricier with every passing year, and having access to a large amount of cash will help you survive the tough economy.
  • Start a business.
    One of the most practical things you can do with your huge lump sum is to funnel the money into a new business, or just invest in a stock you’ve had your eye on. Many people wish they had the funding to start a business that could allow them to leave their 9-5 jobs in the rear view mirror, and you have the opportunity to do just that.
  • Buy your dream home.
    Everybody has a picture in their mind of the perfect home. Whether you dream of owning a mansion or simply a quaint seaside home, you can either completely pay for or make a huge down payment on a house with your lump sum payment. It’s the perfect way to escape the doom and gloom of mortgages and rent payments.

The things you can do with your lump sum payment are truly infinite. Come up with your own list of wants and needs and talk to a settlement expert who can educate you on how to continue with the process.

Why Getting Cash for a Settlement is Your Key to a Better Future

cash for a settlement

One would be be hard-pressed to find any advantages in receiving fixed payments for a structured settlement. Tomorrow is never guaranteed, and the payments often aren’t even enough to cover one of your monthly bills. If you find yourself stuck in the monotony of small fixed payments that simply aren’t enough to pay for your living expenses, it’s time to consider selling your structured settlement for a huge lump sum.

Oftentimes, people get stuck with a settlement that is paid out over time when they’d rather get their money all at once. It’s your money, so why should you have to wait to receive it in full? Instead of waiting five, 10, 20 or more years for an annuity to reach maturity, you have the option to get cash for a settlement now and start living the life you’ve always dreamed of.

By opting to receive cash for a settlement, you’ll get a huge lump sum that can be spent in any way you wish. If you’re a college graduate, there’s a good chance you have a big chunk of student loans that are still hanging over your head. The average student in 2015 will graduate with a whopping $35,000 in student loan debt, and it’s hard to fully enjoy life when you’re unable to pay such an enormous amount of money off for decades.

Even if you’re lucky enough to not have outstanding student loans, you may have credit card debt that you’re unable to pay off with your fixed payments. American households saw a net increase of $57.1 billion in new credit card debt in 2015, and that’s not including the debt they already had. Getting cash for settlement now is your ticket to eliminating these massive debts and starting over with a clean slate.

Don’t fall victim to the struggle of waiting to access your settlement cash. When you sell your settlement for a huge lump sum, you’ll usually receive the entire payment in about 45 days, which is nothing compared to how long you’d have to wait for it to reach maturity. Talk to a settlement expert who can provide you with the unique opportunity to pay off loans, eliminate debt, and live a better life.

The Facts On US Spending and Cost of Living

us spending and cost of livingIf you have an annuity or structured settlement that simply isn’t enough to cover all your living expenses, you should strongly consider selling it for a huge lump sum payment. By converting your fixed payments into a single lump sum, you will be in the enviable position to eliminate your debt — and afford the cost of living that seems to keep growing with every passing year.

Let’s start with the basics. The basic family budget for a two-parent, two-child household ranges from $48,166 to $94,676. Now, let’s break this down and compare it to the average monthly expenses for these families.

The rent for an apartment in the U.S. can be anywhere from $500 to $1,500 per month, and that’s being generous. If you live in a high-demand place like New York City, you’re spending a lot more than that for even the lowest-quality three-bedroom apartment in the area.

In addition to rent, you still have to pay other monthly bills that add to your financial woes. Americans are spending a per-month average of $60 for electricity, $16 for natural gas, $38 on dental care, $227 on hospitals, $36 for a cell phone, $34 for legal services, and another $3 for postal services.

Now, what about your car? You have to drive to work in order to make ends meet, so your vehicle needs to be filled with gas and maintained accordingly. The average worker who drives 15,000 miles a year in a midsize sedan is spending a whopping $760 a month, or over $9,000 a year, on gas, repairs, insurance, registration costs, and everything else that comes with owning a car.

You can see how things can get outside the boundaries of your budget in a hurry. This doesn’t even take into account the cost of food — which is about $151 per week for the average American and much higher for those with children — or expenses like clothing or entertainment.

You simply can’t afford not to sell your annuity or settlement for a lump sum with the cost of living being as high as it is today. Taking care of all these living expenses in one fell swoop will provide you with the financial freedom you need and the peace of mind you deserve.

Get Cash for a Settlement Now and Enjoy Your Fortune on Your Own Terms

If you have a settlement that is divided into fixed monthly or annual payments, it can be frustrating to not have access to your entire fortune. It’s your money, and you should decide when and how it gets spent.

Whether you want to eliminate debt, buy your dream home, or make a big investment in a stock you’ve had your eye on, getting cash for a settlement now can help you to live the life you’ve always wanted. There are tons of questions that come with selling a structured settlement, so here are a few of the basics:

  • What do I need to know about selling my structured settlement? You should know that every settlement is different and it is absolutely crucial that you consult with an experienced settlement expert before making a decision. When you get cash for a settlement, there’s a good chance your life will drastically change. It’s important to cover all your bases and take the process slowly to make sure you’re getting the most out of your structured settlement.
  • Do I have to sell all of my structured settlement? Absolutely not. You have the right to sell portions of your settlement if you do not wish to receive the full lump sum at one time. 62% of Americans cannot cover daily living expenses, and there’s a good chance you’ve incurred more monthly expenses since receiving your settlement. It’s often difficult to afford your new lifestyle until you receive some type of advance. By opting to receive a portion of your settlement, you can wait until you actually need more money before selling the entire thing.
  • When/where am I not allowed to sell my structured settlement? This is a common question and a point of frustration for a select group of Americans with a structured settlement. You cannot get cash for a settlement if you live in New Hampshire, Wisconsin, or Washington D.C., as these three states have declined to impose a Structured Settlement Protection Act. If you live anywhere else in the U.S., you are free to sell your fixed settlement for a huge lump sum.

A recent American International Group survey showed that over 65% of people would rather have a lump sum payment instead of structured payments. You have the power to live the dream of millions of Americans and spend your well-deserved settlement cash however you wish. Talk to a qualified settlement professional and see how selling your structured settlement can change your life for the better.

3 Surprising Things You May Not Know About Structured Settlements (But Should)

Structured settlement recipients are in the unique position of having to choose whether to sit quietly and accept their fixed payments or find a way to turn their settlement into a one-time lump sum payment. Usually, the people who don’t seek a lump sum payment are simply unaware that they have a choice in the matter.

The benefits of a huge lump sum payment are endless, and if you wish to get cash for your settlement now, there are experts who can guide you through the process. In the meantime, here are a few surprising aspects of receiving settlement cash that you may not have known:

  • You don’t have to wait decades to receive your full settlement. Instead of waiting anywhere from 5-20 years (or more) for your settlement to reach maturity, you can get large amounts of cash right now. Some settlement and annuities are paid out over the course of 50 years, and you just never know how long you’ll be around to enjoy your fortune.
  • There’s only a few places where you cannot sell your settlement. Many states implement a Structured Settlement Protection Act that allows you to get cash for your settlement now. As of 2015, only two states (Wisconsin and New Hampshire), in addition to the District of Columbia, do not have a Structured Settlement Protection Act. An expert in structured settlements can advise you when and where you can sell your settlement, and how much your potential lump sum payment is worth.
  • More people opt for lump sum payments — and for good reason. For the people who are lucky enough to live in a state that gives them the freedom to sell their structured settlement, the decision is almost a no-brainer. According to a recent American International Group (AIG) survey, 65% of people said that they would rather have a lump sum payment instead of structured payments. By receiving a lump sum payment for your settlement, you can cover any and all living expenses, eliminate debt, and live the life you’ve always dreamed of.

Put some thought into selling your structured settlement or annuity for a huge lump sum payment and get cash for your settlement now. The benefits of receiving your money all at once could change your life in ways you never thought possible.

3 Important Options to Consider When Receiving a Structured Settlement

cash for settlementReceiving a structured settlement from a lawsuit or lottery winnings can be a confusing situation. On one hand, you’re relieved that you will eventually be paid the money you deserve, but it can be frustrating to not be able to access your settlement cash when it is awarded to you.

As the recipient of a structured settlement, you should be aware of all the ways you can access your settlement cash. Settlement recipients choose one of the following options based on their personal situations, and you should only make a decision after consulting with an experienced settlement expert.

  • Continue to receive fixed payments. The concept of structured settlements was introduced in the mid-1950s to early 1960s. In short, your settlement will be paid out over a number of years (often up to 50) in fixed payments. While the payments carry certain tax advantages, you are unable to obtain large chunks of your settlement at any one time without selling some or all of your settlement for a lump sum payment.
  • Pre-settlement funding/partial advances. By receiving a partial lump sum payment from your structured settlement before it is completely settled, you are able to access your settlement cash in higher volume while allowing the rest to be distributed via fixed payments. Pre-settlement options are ideal for people who have an unforeseen financial burden arise but do not have the means to pay for it due to high legal fees or other circumstances.
  • Receive a huge lump sum for your settlement. By selling your entire settlement for a lump sum, the rewards are simple; you can finally live the life of your dreams. You can afford higher living expenses and eliminate hefty amounts of debt. The average household in the U.S. has a staggering $7,200 in credit card debt, and 62% of Americans are unable to cover unexpected life expenses. Your lump sum can be used however you wish, and the possibilities are endless.

Talk to an expert and see which of these options will work best for you. You may be surprised at how much your settlement is worth, and being able to access your settlement cash now could change your life forever.

Receive an Advance on Your Settlement and Cover Your Living Expenses for Years to Come

living expenses

If you have a structured settlement that has not yet been paid, you may find yourself frustrated at your lack of access to your new fortune. While it’s good that you will eventually be receiving periodic payments for your hardships, it’d sure be great to turn your settlement into a lump sum to follow your dreams and live a stress-free life.

Thankfully, there are experts who purchase settlements and annuities for enormous lump sums, allowing you to gain control of your financial destiny and begin the life you’ve always dreamed of. A lump sum payment will meet all of your cash needs, and your living expenses will likely be covered for the foreseeable future, depending on how large your settlement is.

There are tons of options on how you can receive your settlement cash. One of the best ways to sell your periodic payments is pre-settlement funding. A pre-settlement cash advance is basically just what it sounds like; you gain access to your settlement cash now instead of having to wait out the lengthy court proceedings.

You can sell a portion of your settlement for a hefty lump sum, while holding on to the rest of it for tax purposes until you need another lump sum to cover additional living expenses. Fewer than 25% of Americans have enough savings to cover even six months of basic expenses, and 27% of Americans have no savings at all. By receiving a lump sum, you can avoid becoming another statistic and relieve yourself of any immediate financial burdens.

Another reason to opt for a lump sum is to eliminate debt. The average credit card debt in an American household is a whopping $7,200. If you have been involved in a court case for months (or even years in some cases), there’s a good chance you’ve already racked up a decent amount of legal fees. By receiving a cash advance on your settlement, you can be free and clear of pesky lawyers bothering you each month for your entire fixed payment.

Covering living expenses and eliminating debt are just two of the incredible benefits to selling a part of your settlement for a cash advance. Talk to a settlement expert and see what option is right for you. It could be the best thing you ever do for your future.

Contact Our Team

We Look Forward to Speaking with you! Your Message has been sent.
Oh No! Looks like you've left something out. Please validate your fields.