That giveaway went extremely well and there were over 20,000 entries. We’ve contacted the lucky winner and hopefully she is very deserving of winning this free cash.
This month we continue the giveaway contest series by announcing the launch of our $999.99 cash giveaway. This contest will run until the end of February 2013. To enter, refer to the rafflecopter widget at the bottom of this post.
The theme of this contest is money problems. As I’m sure you realize, a lot of people are forced to sell structured settlements or annuities due to various money problems. These are often circumstances beyond their control.
Think of how the bills would pile up if you are injured and unable to work. Your structured settlement may provide your monthly living expenses, but it doesn’t necessarily consider everything that has built up between when the accident happened and when you were awarded the settlement. The only practical way to create some breathing room may be to sell some of your future settlement payments.
Who really wants to be harassed by creditors and collection agencies after already going through a traumatic experience? Luckily you don’t have to. With companies like Structured Settlement Quotes, you can get relief from your money problems. Take care of your money problems now so that you can focus on getting your life back on track.
Structured settlements are designed to help mitigate your financial situation and pay restitution for pain, suffering and injuries. Most of these settlements are due to personal injury or liability claims. However, if you find that your settlement payments aren’t quite enough to make your situation tenable, you might considering selling it. While this is possible, you need to know a bit more about potential structured settlement buyout problems. There are quite a few that can rear their heads, but you can avoid many of these.
One thing that surprises many people is that they have to go back to court in order to sell a structured settlement (technically called a transfer). The judge will be responsible for determining if the sale is in your best interest and allowing it to proceed. This decision will be made on many different factors, including your financial situation and need. The court will not approve a transfer if you don’t actually need the funds immediately or can’t prove that you do.
A huge issue when it comes to structured settlement buyout problems is the funding company buying your payments. The court is going to take a long, hard look at the terms being offered and if they don’t consider them “fair”, your transfer will be denied. What are fair terms? Essentially, the court wants to make sure that you’re not being taken advantage of, so fair would indicate a deal in which you get to keep the majority of your funds. In many instances, you can keep up to 90% of the money due you, but this varies considerably from company to company, so shopping around is very important.
Structured settlements represent your victory in court over the individual or company who caused you injury. Most structured settlements are the result of a personal injury case, or a liability case (but that’s not necessarily always the case). The structuring of your settlement was done for a number of reasons, including to help ease the financial burden on the defendant, and it was also based on your needs at the time, but needs change. Can you use structured settlement money for today’s needs?
Life is all about change. Hopefully, those changes are for the better, but all too often, they’re not. For instance, if your settlement came about as the result of a personal injury, your payments certainly helped pay for medical bills at the time. But what if you’ve now lost your job due to your injury? What if you’re facing foreclosure on your home? In instances like these, it would be nice to have a lump sum of cash, simply because those monthly payments aren’t enough to meet your financial needs today.
While you can’t go back in time and revisit your original settlement case, there is a way that you can start using structured settlement money for today’s needs. You can sell part or all of your payments to a company that buys structured settlements and get cash up front. How does this work? It’s at once simple and complex.