A lot of people are thinking, "Gee, I'd really like to sell my structured settlement payment for a lump sum of cash." Unfortunately, the decision is not always an easy one, and the process isn't always crystal-clear. Of course, we can all think of a laundry list of reasons as to why we need a big chunk of cash right now, but this is a serious decision in your life with potential long-term consequences, either good or bad.
Because selling a structured settlement payment is a complex matter and a decision that should never be made purely on impulse, the idea merits worthy consideration. We Pay More Funding would like to share some honest information with you about the pros and cons you can expect if you decide to sell your structured settlement payment, but first, let's consider your options.
You Have Options
Since most structured settlements take between 20 to 50 years of periodic payments for you to get all of your settlement money, you may decide that you need it all know instead. At the same time, you might see the practical value of having a steady income from your structured settlement that can carry you through hard times if you need it. Money spends quickly, even large amounts, so you may have a tug of war going on inside your mind about selling or keeping your structured settlement payments.
Fortunately, you have the option to sell the full amount of your structured settlement or a partial amount of it. For example, if your structured settlement payment spans over 20 years, you may choose to sell ten or fifteen years worth of settlement payments and keep the rest for when you need them most. This option gives you a chunk of cash and still leaves you with several years of monthly payments.
People who have more urgent or pressing needs; such as the need to pay for medical costs not covered by insurance, the need to buy a house, or the need to get out of debt so they can turn a fresh page in their lives; selling an entire structured settlement for a large lump sum of cash might be feasible. The fact is; you have choices!
As mentioned; you should never sell your structured settlement payments on a whim. Choosing to keep your structured settlement means you will get more money over time. While a big chunk of money is appealing to everybody; you must understand the consequences. Once the payment exchange is transferred, you can never get it back. This is a serious decision that deserves a lot of forethought and consideration. While We Pay More Funding makes our money purchasing annuities and structured settlements, we hold ourselves to a high standard of ethics, and we don't want to see anyone regretting their decision to sell their structured settlement.
Contact We Pay More Funding if You Want to Go Through With it
If you're thinking, "I want to sell my structured settlement payment," calling We Pay More Funding is a good place to start. We are the industry leaders in structured settlement conversions, and we can get you the cash you need.