Selling Structured Settlements
When you win a law suit you will be set up with a structured settlement or annuity. Settlements are not hard to come by, 80 to 92% of cases settle. Typically, these structured settlements offer small payments over a long period of time, taking most of a person’s life to be paid out in full. However, by selling a structured settlement or selling an annuity settlement you can begin receiving payments in as early as 30 days with an immediate annuity. Besides earlier payments, selling your structured settlement has other money saving benefits as well. Depending on your tax bracket, a structured settlement can save you 25 to 35% on interest income on state and federal taxes.
Selling Lottery Payments
Selling lottery payments cam be very beneficial. Instead of waiting an extended period of time to start receiving cash you can begin getting payments almost immediately. The lottery annuity pays you one large immediate payment followed by 29 annual payments, increasing by 5% for each payment.If you win a lottery payment of $50 million dollars you will likely receive an initial payment of $750,000 or more, allowing future annual payments to grow to $3.1 million.
Why Sell Your Payments?
Selling lottery payments can be a little confusing to some people. You might be wondering exactly how it can benefit you to sell your structured settlements. There are many circumstances in which you may need to get settlement money now:
- Buying a new car
- Purchasing a home
- Personal and family medical bills
- Paying off student loans
- Paying college tuition or purchasing books for college
- Paying off credit cards
- Going on vacation
- Getting out of debt
- Starting your own business
- Investing in your future
If any of these apply to you, don’t let waiting for your lump sum hold you back. Get cash for settlements right away by selling them to specialty finance companies.
Conclusion
Don’t let a slow structured settlement hold you back. Whether you have settlements from lawsuits or you’re looking into selling lottery payments, a finance company will have the answers you are looking for. If it’s time for you to get a lump sum of cash now and you’re tired of waiting, then take control of your settlement and start getting your payments quickly, on your terms.
