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.