Why would you need to sell structured insurance settlement payments?
People and companies carry insurance to protect their assets in the case of a lawsuit due to an accident. Unforeseen accidents happen every day.
When they happen to you, it can be devastating! You can be left unable to work and that is when the financial problems really start to compound. The medical bills alone can leave you financially ruined.
Insurance is designed to pay for these expenses. When the other party is at fault, their insurance will pay your damages and you may be awarded a settlement.
In many cases you will be paid with a structured insurance settlement paid out over a period of time. But, time goes by and suddenly these payments are not enough.
Maybe it you just need to fix a leaky roof? Maybe, you have a balloon payment due on your mortgage. This is when you may want to sell structured insurance settlement payments.
When you accepted your structured settlement you faced many decisions. Selling your settlement is no less complicated. You have to research different companies to find one you are comfortable with.
Be very wary of unscrupulous companies that are only interested in their own personal gains. You need a reputable company that will work hard to get the best deal for you, like Direct Settlement.
There is no doubt that these companies are in business to make money. When you sell structured settlement insurance payments, the amount you receive will be less than amount of the full settlement.
But, the desperate need for fast cash usually outweighs the cost of selling. Especially if you are faced with the foreclosure. Nobody wants to lose their home.
The decision to sell structured insurance settlement payments is a serious one and should not be entered into lightly. Carefully weigh your options, research different companies and make sure all of your questions are fully answered.
For more information and a free, no obligation quote, contact Direct Settlement. We will answer all of your questions in plain English.
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How can you Sell Your Settlements?
You can also cash in Annuities