The Future of Cash for Structured Settlement Payments

Today it is relatively easy to get cash for structured settlement payments. If you find that your current structured payment plan is not meeting your family's current financial needs, you can get a lump sum of cash to pay what you need to pay now. However, history has shown us that cash for structured settlement payments are heavily regulated by federal law. In fact, these laws have changed twice, in big ways. More change could be coming soon.

The first change to structured settlement law was in the early 1980s, when structured settlements were mandated in personal injury. The next change was in the early 2000s, just twenty years later. At this point getting cash for structured settlements was changed to require a court to approve the sale. Now, as we move towards the twenty year anniversary of that second legal change, many structured settlement factoring companies feel that change is coming again. So, if you are considering cash for your payments you may want to do it soon. Let's look at some of these potential changes to see how they could impact you if you wait much longer.

More People Will Want to Sell their Settlements

The downturn in the economy has resulted in a huge increase in people selling their settlements. Many people needed cash for structured settlement payments just to make it in daily life. The fact that the economy has not substantially improved yet may mean that more people will continue to sell their settlements. As the economy starts to impact wealthy investors, this could mean that fewer funds are available to those wishing to get cash for structured settlement payments. Furthermore, as the courts see this number of people selling settlements rise, the government may decide that further regulation is needed.

The Courts Will Become More Strict

As the economic downturn continues, the courts may be less willing to let people lose the security of their structured settlements. Many people believe that judges will start to deny more requests to sell structured settlements for cash. This will make it much harder to get cash for your structured settlement payments. Also, it means that if structured settlement factoring companies have to go to court five times in order to make one purchase, then prices will rise. This could mean that you get less money for your settlement payments.

Structured Settlements will become Less Profitable, thus Fewer People will Want to Buy Them

As interests rates go up in the housing market, and as the stock market recovers, there will be better ways for investors to make money. Many structured settlement purchasing companies are funded by private investors. When these investors are able to make larger returns somewhere else they will stop investing by giving cash for structured settlement payments. This means that fewer companies will be willing to offer cash for settlement payments. This could make it more difficult for people to find a company to buy their settlement.

The Time May be Now

If you are considering getting cash for structured settlement payments the time may be now. Of course, no one can tell the future. But the signs seem to indicate that structured settlement purchasing may become more challenging in the future. It may be harder to get legal approval and harder to find investors willing to put up the lump sum of cash. Call us today for a quote and we will answer any questions you have about the law and our investors.

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