Archive for the ‘Cash Structured Settlements’ Category

Sell Structured Settlements In This Economy

Sell Your Structured Settlement
If Your facing Financial Hardship In This Economy

Structured settlements are financial agreements that allow compensation to be paid through an annuity in scheduled payments, for either a fixed period of time or for the life of the plaintiff. Since it is suitable for individual claimants, the structured settlement may also include an upfront payment to cover any contingency.

In many cases, a structured settlement is the best way to cater to a plaintiff’s needs. For example: catastrophic injuries and wrongful death lawsuits that include replacing the lost income of the deceased; Permanent or long term disabilities; and workers’ compensation cases.

However, there are some instances in which structured settlements are not suitable. An award for a minor injury sustained in an accident would probably not necessitate the use of a structured settlement. In situations where extended hospitalization or long term treatment is not needed, a lump sum award may be sufficient to provide for the needs of the damaged party.

Why Many People Choose To Sell Structured Settlement Payments

Once a structured settlement agreement is reached, the terms are fixed, and there is no allowance made for unexpected financial emergencies. This is why many people choose to sell structured settlement payments for cash. Life situations change and people may want to buy a new home, start a business, return to school or train for a new career. A lump sum of cash offers more flexibility and greater control over the money than a structured settlement.

Perhaps the most persuasive argument for selling structured settlement payments is inflation. In an economy where the value of the dollar decreases over the passage of time, it may be wiser to get the lump sum now before inflation erodes the value of a settlement. A lump sum of cash properly invested today could be worth more than the future value of a structured settlement.

You Can Choose All or A Fraction
When Selling Structured Settlement Payments!

When selling your structured settlement payments, you can choose to cash in all or just a fraction of your future payments. This option offers immediate cash without having to sacrifice the long term security of a structured settlement. If you decide to sell structured settlements, make sure to sell the amount necessary to meet your financial need.

Lastly, carefully choose a buyer that gives the most cash for structured settlement payments, a buyer who has been in business for at least several years. Check out potential buyers with the Better Business Bureau, and do some research to determine if past customers have been pleased with the company’s services. By doing your research now, you ensure that you will not come to regret selling your structured settlement later.

Categories: Articles, Buyer of Structured Settlement Payment, Cash Structured Settlements, Sell Personal Injury Settlements, Woodbridge Investments LLC.

Should You Cash Out Your Structured Settlement For a Lump Sum?

Why Should I Cash Out My Structured Settlement For A Lump Sum Payment?

More often than not, when people are awarded compensation for accidental injury or wrongful death from their insurance companies, they choose to receive a series of payments over a longer span of time instead of an immediate lump sum of cash. These structured settlement payments usually total more than the amount one would have received at settlement. In order to opt for a settlement structured in this manner, the plaintiff must sign a settlement and release agreement that permits the defendant to buy an annuity policy to provide for the payments to the annuitant. The annuitant does not own the annuity nor does he have the right to sell it. He does have the right though to sell structured settlement payments to a third party.

Is a Lump Sum Payment Necessary For You?

The specific reasons plaintiffs have for selling structured settlement payments may vary but it all boils down to some kind of change in their financial situation. During the time the structured settlement was made, the scheme fitted the annuitant’s needs. Over time, financial hardships may strike or investing opportunities may come knocking that necessitate the possession of a large sum of cash now instead of staggered payments.

Categories: Blog, Cash Structured Settlements, Sell Personal Injury Settlements, Sell Structured Settlement Payments, Structured Settlements, Woodbridge Investments LLC.

Using a Pre-Structured Settlement Loan As an Investment Tool

How You Can Use a Pre-Structured Settlement Loan As an Investment Tool

injury lawsuit may take such a long time to settle, plaintiffs with plans to invest might want to apply for a pre-structured settlement loan before investment opportunities pass them by

A Pre-Structured Settlement is Not Only For Hardships

Plaintiffs often think that a pre-structured settlement loan is only for those who are facing financial hardships; they are mistaken. It is possible for any plaintiff to use a lawsuit loan during his pending lawsuit as an investment tool. The plaintiff can use the money in various ways; however, like all other types of investment, there are risks involved. The plaintiff has the benefit of not being required to pay back the settlement loan in the even that he loses his lawsuit. So, even if he loses both his case and his investment, he would still break even in the end. However, if the plaintiff wins his case but loses his investment, he is out the original investment amount. With so much at stake, plaintiffs must understand all the risks before applying for a lawsuit settlement loan, as an investment.

Cash from The Settlement Can Be Invested in Whatever You Desire

The cash from a lawsuit settlement loan can be invested in any endeavor the plaintiff can think of. During the 2008-2009 housing market collapse, houses cost 30-40% less than they used to in 2006. Some plaintiffs took advantage of this and purchased homes, putting a large down payment or even pay in full. Since a lawsuit could take years to settle, by the time the plaintiff actually receives the money from his settlement, housing prices might have started to rise again making the plaintiff wish had applied for the loan when the opportunity presented itself. While housing prices are still low, plaintiffs planning to buy a house might want to take the calculated risk of getting a pre-structured settlement loan.Plaintiffs have also begun using settlement loans to get into the stock market. Of course, there is always the risk of losing money, however if they turn a profit, not only do plaintiffs recover their original investment, they can even cover the interest and fees attached to their settlement loan and have some money left over. This maneuver though may be best left to those who have a firm grasp on the stock market.

Start a Business with Your Cash

Plaintiffs can also use a lawsuit settlement loan to start a new business, it’s an excellent way to get the start-up cash they would need and prevent them from having to find investors or take out a traditional loan; remember, the money from a settlement loan is yours and you’re not actually borrowing money, you’re just getting your money advanced to you via a settlement loan in return for interest on the advanced amount.

Categories: Articles, Cash Structured Settlements, Sell Structured Settlement Payments, Woodbridge Investments LLC, lump sum payments.

The Good and Bad Of Selling a Structured Settlement For a Lump Sum

Structured Settlements for a Lump Sum; The Pro’s and Con’s

The option to sell structured settlements for cash must not be taken lightly. These periodic payments could be funds you have become dependent on to some extent, and selling will stop those payments. But if you need a large amount of cash to fund an investment that will change your life for the better, selling all or part of your structured settlement may be more useful to you than hanging on to the periodic payments.

So before selling a structured settlement, weigh the transaction’s pros against its cons first to make sure that what you’re losing is expendable when compared to what you’re gaining.

Pros:

• Liquidity. A structured settlement limits the liquidity of the settlement money that you are entitled to, whereas cashing in a portion or all of a structured settlement frees that money for immediate use.

• Value. You can capture the current value of the money that you’re owed. Because structured settlement payments are equal each month, the effects of inflation decrease the real value of your money over time.

• You don’t have to wait for credit approval. Although you may need to validate your reasoning for cashing a structured settlement, you can’t be denied your settlement because of a bad reference or credit history.

• Relatively quick payment. Compared to applying for a loan, structured settlement factoring is a faster way to get cash, taking as little as three weeks.

Cons:

• Structured settlements and annuities are sold at a discount, which means that the lump sum you get through the sale is less than what you would have received had you continued to accept periodic payments.

• Low regulatory involvement. Structured settlement buyers belong to an industry that is currently unregulated. Unscrupulous companies and individuals exploit this fact by engaging in unethical business practices.

• Taxes. You’ll be charged an excise tax that can be as high as 40% if you choose to cash a settlement for an invalid reason. You will also incur liability for state and federal taxes on your lump sum.

• Legal aspects. Structured settlement factoring is a long process that has exhausted many people who have tried it. There is a lot of red tape to pass through before the money will be seen, and some settlements legally cannot be sold.

Categories: Articles, Buyer of Structured Settlement Payment, Cash Structured Settlements, Sell Structured Settlement Payments, Woodbridge Investments LLC, lump sum payments.

Tips on How to Get Out of Debt

In Debt? Here’s Some Tips on How To Eliminate Your Debt

When trying to get out of debt, there are so many quick fixes that may seem to work at first but will sooner or later degenerate into a new and even worse problem.

Dos and Don’ts When Struggling to Get Out of Debt.

• Avoid the temptation to apply for payday advance loans as long as you have other options. It is a quick fix that can turn into a problem even worse than the one you were trying to solve in the first place. Exhaust all other options first: family, friends, home equity, Debtors Anonymous, etc.

• Splurging and getting into debt can be a self-destructive habit just like alcoholism or any other addiction. Seek professional help if you think you may have a problem.

• Do not cancel all your credit cards because this will shorten the length of your reported credit history and make you seem less credit-worthy. It is normally best to keep older cards and get rid of newer ones. However, still take your different rates into account before you finalize any cancellation decisions.

More Tips to Stay Out Of Debt

• Beware of low-interest balance transfer credit cards. Their default rate will usually get you into more debt.

• It is best to pay off cards and the balance owed in full. If you pay less than 100% than what you owe, that account will reflect negatively on your credit report.

• Refrain from giving too much personal information to collection agencies or you might end up saying something self-incriminating that will be put on record.

• If you decide to go to debt settlement companies, select one that is a registered member of the Better Business Bureau (BBB) and that have a history of little or zero complaints.

Categories: Blog, Cash Structured Settlements, Structured Settlements, Woodbridge Investments LLC, lump sum payments.

Court Approval in Selling Structured Settlements, Why is it Important?

A Court Approval for your Structured Settlement is Important

When you decide to sell a structured settlement to get a lump sum now for whatever reason, you will have to obtain court approval as dictated by law. The judge will look at the proposed transaction to make sure that you are going to benefit from the sale and will also try to determine the impact it has on anyone who is dependent on you. This may seem like the court does not trust you to have enough sense to handle your own finances, but it’s actually for your own protection.

Companies and Court Approvals

There are plenty of unscrupulous companies out there who aren’t always above board when trying to buy structured settlements. When you decide to deal with a sound company with years of experience though, your time in court will be short.

An honest and reliable structured settlement company should be right there with you in court at all times and will do whatever is necessary when the court requires changes to the terms of the agreement. So in this case, going to court is a good thing all around.

It will get the money you need into your hands much quicker than would be possible under your original settlement terms.

Categories: Blog, Buyer of Structured Settlement Payment, Cash Structured Settlements, Sell Structured Settlement Payments, Structured Settlements, lump sum payments.

Selling a Structured Settlement Annuity

What you need to know before selling a Structured Settlement Annuity

When selling a structured annuity settlement there are many questions which begin to arise. Before you decide to sell structured settlements, think about what you want/need the money forIf it is an immediate medical expense, buying a home or the decision to go back to school is usually considered good reasons. Examine your needs and the needs of your family as well. Perhaps you want a new home. Do you have children approaching college age? If so, you’ll not only incur significant tuition expenses, you’ll also have less of a need for a larger home.

Selling your payments will result in a loss from the full amount. Consider whether or not it is important for you to sacrifice the security and future total amount before you make a decision. You will have to understand the implications, benefits and pitfalls so you can feel comfortable making an informed decision.

“Will I get the full amount from my structured settlement annuity that I would receive over a period of time?”

No. The amount you would receive over a period of time is calculated by adding interest to the principal amount. Instead, you may receive the present-day value of the amount. This present-day value may have to be further discounted to cover the costs to do the deal. The rest will be sent to you in one lump sum. You might want to shop around to find out where you can get the best deal.

Categories: Annuity Payments, Blog, Cash Structured Settlements, Sell Structured Settlement Payments, Structured Settlements.

Is Money Received From A Structured Settlement Transfer Tax Free?

When your receiving money from a structured settlement transfer, is it tax and interest free?

The lump sum you receive from a structured settlement buyer will have the same tax treatment as your structured settlement annuity. In other words, if your structured settlement payments were tax free then the lump sum you would receive from the sale would be tax free as well.

Most structured settlement annuities qualify for tax free treatment under section 130 of the Internal Revenue Code.

The U.S Government has taken several steps to protect tort victims and other parties from unfair taxes that resulted from personal injury settlements.

Section 104(a)(2) of the Internal Revenue Code states that damages (money) received from personal injury settlements and sickness should not be considered as income and therefore should not be subject to tax.

Tax Free Structured Settlements

The U.S. Government passed Section 5891 of the Internal Revenue Code in 2002 which protects annuitants in the sale of their structured settlement payments. Section 5891 requires that the sale of structured settlement payments be approved by a judge in accordance to the state legislation and statute. This model act was created to make sure that every structured settlement transfer is in the best interest of the annuitant and dependents of the annuitant. The money received from the transfer of structured settlement payments is tax free 99% of the time. If your current structured settlement is tax free, and you sold the rights to those payments, the lump sum you would receive would be tax free.

Categories: Blog, Cash Structured Settlements, Sell Structured Settlement Payments, Structured Settlements, Woodbridge Investments LLC.

Structured Settlements and Annuities: How you can turn your payments into a new home

Get a large lump sum now for your future payments from structured settlements, annuities, or lottery winnings. Use your lump sum as a down payment on a new home purchase, or renovate and upgrade your existing home.

Selling your structured settlement payments for one lump sum could help buy you a new home. If you are among the thousands of Americans receiving periodic payments from a structured settlement, annuity, or lottery and looking to buy home, there is no better time than now!

With an overwhelming surplus of new construction, and foreclosed homes, there is a seemingly endless inventory of homes available on the market these days all across the country. Banks have tightened there lending requirements, and are racing to recoup lost assets felt as a direct result of defaulted home loans.

What does this mean for you?

It means that home prices have plummeted.

There are more houses on the market than there are buyers with available credit or ability to afford required down payments. The Feds have locked the interest rates for the time being affording you an opportunity to take part in the American dream of home ownership.

When you sell all or some of your structured settlement or annuity payments, you receive a one time lump sum of cash, that is readily available to you. Depending on how much your payments are worth, you may even be able to sell only a small portion of payments and still receive periodic payments to supplement your income. You can sell future payments even if you have sold some before. Companies such as Woodbridge Investments will buy your payments even if they are outside the guaranteed period.

How do you find out how much your payments are worth?

That’s Easy!

There are several companies that specialize in buying payments from structured settlements, annuities, and lottery winnings. These settlement purchasing and factoring companies have funding ready to put cash in your pocket now. Aggressive competition for your business ensures that you are going to get the most money possible for your payments. Once you have determined how much money you will need, find out how much your payments are worth by getting an appraisal or quote.

What do you need to get an appraisal or quote?

All you need is three!

How often do you receive your payments?
Do you receive them monthly, quarterly, annually, etc.
How much are your payments?
Are they $500, $1000, $10,000, $50,000, etc.
How many payments are left?
Do you have 5 years, 10 years, 30 years?

With just these three key pieces of info, you can find out how large a lump sum is available to you when you sell payments from a structured settlement, annuity, or lottery.

Are all your payments worth the same amount of money?

The answer is no. TVM, otherwise known as the time value of money, and the interest you have not earned in your payments not yet received all play a role in factoring how much your payments are worth. Payments that are further in the future are typically worth much less than those you would receive sooner. A dollar today is worth more than a dollar tomorrow. Inflation plays a large role in eating away at the value of your future payments. The amount of money you will pay for a bag of groceries today will not get you as large a bag in 5, 10, or even 20 years. For this very reason many people chose to cash out there payments now, and reinvest their money, start another business, pay for college tuition, or even put it in savings.

How does a company determine how much my payments are worth?

The equations used when factoring the monetary value of your settlement, annuity or lottery payment is a bit complex. TVM (Time Value of Money), Calculated rate of Inflation, and Interest Rates are just a few components used in determining each payments value.

After I chose a company to sell my payments to what do I do next?

Now that you have decided to sell your payments for a large lump sum. You will need to provide the company buying your payments with proof of your benefits. This is a letter from the insurance company that states in writing exactly how your payments are structured and how you receive them. Then you will need to sign agreement with the settlement purchasing company.

The company will deliver to you documents for your to review, and after you have agreed to the sale of your payments in writing, a court will review the transaction, and provide a final approval.

Why does a court need to review my sale?

A court will determine that the transaction you have agreed to is in your best interest, makes sure that all legal documents are filed accordingly, and that you will net be negatively or adversely affected by giving up some or all of your future payments. As previously stated, you do not have to sell all of your payments. How many payments you sell, is up to you.

There should never be any pressure or obligation for you to sell your payments. Your financial decisions are personal and these choices should be left for you and your family to decide.

Once the court has approved the transaction, you will receive your lump sum. Typically the entire process can take anywhere from 60-90 days, depending on which state you live in. Some courts will be quicker than others, and taking into consideration how quickly all the documents are signed and returned can have an impact on the varying lengths of time it takes to conclude a sale of payments.

To get a free, easy, no hassle, no obligation quote now call toll free-

1-866-865-7044

Or get an online quote at www.woodbridgeinvestments.com

Categories: Buyer of Structured Settlement Payment, Cash Structured Settlements, Sell Structured Settlement Payments, Structured Settlements, annuities, lottery winnings, lump sum, lump sum for your payments, personal injury settlements, sell payments, sell structured settlement.

Will your annuity or structured settlement payments hold up against rising economic pressure?

Families and individuals who rely on a fixed or supplemental income from annuity and settlement payments are among the hardest hit by record high gas prices, and increased cost of consumer goods.

sell annuity payments Latoya Pearson has been able to just barely get by the last few years since she started collecting her annuity payments.

“I used to be able to get groceries, and pay my bills with just a little left over every month as long as I stuck to my budget.” she says. “But now, I am afraid that I may have to sell my home to avoid losing it. Everything costs more, gas, milk, food, and electricity. Finding a part time job where I am here in Ohio is almost impossible. Without an extra income I won’t be able to keep up with my bills.”

Latoya’s story is growing more and more common. American families are being forced to seek alternative and creative ways to make their dollar go the extra mile, literally.

An article recently published by USA Today reflected that 60% of the population has cut back significantly on household spending and 84% consolidating errands or taking other steps to cut back on daily driving.

Financial experts and retirement planners who once encouraged annuities are steering their clients to more flexible investment options that would provide residual and growing income.

“You just can’t say for sure what amount of money will get how far anymore.” says Robert Meeler a financial planner with over 36 years experience.

Inflation eats away at every dollar with every year that passes. Unable to predict just how the future market will behave is not only just a guess, it is a calculated equation that even most economic researchers and developers are reluctant to speculate on.

Structured settlement and annuity payments are determined amounts of money that are paid over a specified period. Typically, these payments reflect a modest assumption of inflation and increased cost of living. Once the settlement or annuity contract is in place, it cannot be altered. All provisions for future incidentals and such are required to be in place before a settlement or annuity is put into place and actively paying out.

Scott Shwartz, of Woodbridge Investments, a factoring company that specializes in the purchasing of structured settlements, lottery, injury, and annuity payments stated,

“We have seen an overwhelming amount of families, and individuals that are facing an immediate financial needs crisis.”

The idea of living from one paycheck to another is a distinct reality for so many American families. It’s not just a hot topic for debate amongst rivaling politicians, it’s a way of life for thousands more struggling to carve out their own little piece of the American dream.

With fuel prices skyrocketing, and the cost of living increasing faster than minimum wage ever could, families feel the squeeze early on, and it can be effectively debilitating for too many. Loss of wages, insurmountable debt, and unforeseen expenses all contribute to the foreclosure epidemic we see today.

Mr. Shwartz also notes,

“We have helped thousands of individuals get back on track by providing them a large lump sum of cash when they chose to exercise their legal right to sell all or some of their future payments from annuities, lottery winnings, or a structured settlement.”

Companies such as Woodbridge, Peachtree, and JG Wentworth are notably the leader in the settlement purchasing industry. They will purchase all or some of your future payments at a discounted rate, giving families the money they need now to prevent and come back from financial strains.

The amount of the lump sum you receive is typically less than the total amount of the future payments. This is because a portion of your future payments include interest that you have not earned yet. The calculated interest and any legal fees or costs associated with the transaction are factored out of the total amount of the value of the payments and what is remaining is your lump sum total.

You can get a pretty good idea of what your future payments are worth by contacting a company that specializes in buying settlement, annuity, and lottery payments. Your quote also known as an appraisal, is easy to obtain. Simply contact the company and let them know how much your payments are, how many you have, and how often you receive them.

There should be no charge for this quote so be wary if you are asked to sign for or pay anything for your initial appraisal.

In most cases, and depending on which state your case was settled, you can receive your money in as little as 90 days. Get as many quotes for your future payments as possible. Many companies will guarantee to beat any other written offer, making sure you are getting the largest amount of money possible for your payments.

If you have decided that you would like to sell your payments for a large lump sum now, and would like more information on the various options and programs available to you call 1-866-865-7044 TOLL FREE TODAY!

Categories: Annuity Payments, Buyer of Structured Settlement Payment, Cash Structured Settlements, Lottery Payments, lump sum payments.