Q&A: I receive a structured settlement every few years, but I want the money now. What is the best way to get the $

4 Responses to Q&A: I receive a structured settlement every few years, but I want the money now. What is the best way to get the $

1. 

   kinn2him on October 30, 2010 at 3:09 am

   if you want it now, you will not get all of it… there are companies that will front you the money now, less their fee, and you then turn over your structured payments to them… how important is it to you to get it now?

   Reply
2. 

   KristensFashion on October 30, 2010 at 3:09 am

   Google “cash out structured settlement” and see what you get. There are thousands of companies out there who will work with the insurance company to cash out your agreement. Just be really careful and read the terms/agreements very very carefully.

   I was a Paralegal in my former life and dealt with this every so often with my Personal Injury and Workers Comp clients. Just make sure you know what their percent of the settlement is. Some companies will charge up to 50% of your settlement to cash out! Make sure this is really what you want to do because you will be losing a lot of money by cashing out.

   Reply
3. 

   P J on October 30, 2010 at 3:19 am

   You can expect to get about 50% of the value.

   Reply
4. 

   ticketoride04 on October 30, 2010 at 4:02 am

   if you have good credit and a rock solid settelment, you can take it to your banker and prob get 70% of that in cash and the settlement funds go to the bank to pay off the loan…I’d do this b4 I’d give away that other 30% to a TV outfit for the same amt.
   when your loan is paid off, you’ll have another 30% staring you in the face and you can do it again if you want.

   Reply

Leave a Reply Cancel reply

Your email address will not be published.

Name

Email

Website

CAPTCHA Code *