Archive for the ‘Lottery Payments’ Category

Who is selling their annuity, lottery payments and structured settlements?

Selling payments is a growing trend

Did you know that every year there are between $50 billion and $100 billion of annuities, lottery payments and structured settlements that could be sold to the secondary market?

In 2003, a study by the American Council of Life Insurers found that one in four holders of annuities, lottery payments or structured settlements are afraid that they would be stuck with their annuity for the rest of their life.

Now, with information and reviews becoming more readily available every year, owners of annuities, lottery payments and structured settlements are beginning to realize that they don’t have to be stuck with their regular payments. The option of selling to the secondary market is becoming more recognized. The recipients of these payments are starting to realize that selling their payments can offer a wonderful opportunity to have more control over their finances, and use their money to make their goals and dreams come true.

Who is selling their annuity, lottery payments and structured settlements?

The people that are selling their annuities, structured settlements and lottery payments are often those who…
• Want to get cash now for unexpected or large expenses
• Have received their annuity through inheritance
• Want to invest for tax reasons or for greater returns
• Realized that their annuity wasn’t enough to provide the lifestyle they want
• Made a mistake by buying an annuity
• Want to retire early
• Want to sell part of an annuity, lottery payment or structured settlement

There are many other reasons why one might sell annuities, lottery payments and structured settlements as well. If you are interested in jumping on the bandwagon to get cash now for your regular payments visit the Woodbridge Structured Funding home page to learn more.

Categories: Blog, Lottery Payments, sell structured settlement.

How would you handle your money if you won the lottery?

How would you handle your money if you won the lottery? This is possibly one of the most fun hypothetical questions one can ask. A sudden windfall of money is something that many people constantly dream about, wish for; spend five dollars a day for.

While winning the lottery is something that is a pipe dream for most, people have won the jackpot before. After the initial shock of winning the lottery, the first real question one must ask is, “should I receive a lump sum or collect lottery payments?”

There are many reasons why one would choose to collect lottery payments. When you do out the math, if you collect lottery payments it always equals out to be a larger sum of money. For many people, the promise of some day being able to retire with a stashed bank account is a luxury too good to pass up. Others enjoy a feeling of security, that even if they loose their job they will be able to survive on the steady income from lottery winnings.

Many people, however, have bigger plans when they play the lottery.

Why not collect lottery payments?

When you played the lottery, were you dreaming of having a few extra thousand dollars per year to pay your bills? Were you hoping to have a modest extra cushion of cash to spend on fancier clothes or lease a nicer car?

Chances are that when you played the lottery, you were not thinking that you would collect lottery payments if you won. Chances are that you had plans, or at least ideas about what you would want to spend a lot of money on.

Maybe you wanted to invest your lottery winnings and let them build on their own. Maybe you wanted to buy a new house for yourself, or even for your parents. Maybe you wanted to take a luxury trip around the world.

If you collect lottery payments instead of receiving a lump sum of money, you may ultimately collect more money but you will miss out on all the fabulous dreams-come-true opportunities of winning the jackpot.

If you have currently collect lottery payments and want to exchange them for a lump sum of money, visit Woodbridge Structured Funding and speak to a representative.

Categories: Blog, Lottery Payments.

When to Sell Lottery Payments: When Winning the Lottery Doesn’t Feel Like A Win.

The “Glamour” of Lottery Payments

With the low annuity payments that most lottery organizations use, winning the lottery doesn’t always feel like a real win. Most people don’t play the lottery so that they can stretch out the money as if it were a small extra income. They play because they want to win that dazzling amount of money that will provide the means to living out a dream.

The most exciting thing about winning such an enormous sum of money, of course, is to imagine the possibilities of all you can do with it. Maybe you’d want a new luxury vehicle, or a nicer place to live. One would imagine that winning the lottery would allow anyone the ability to afford these things, to go on a fabulous vacation or to even start up a new business.

The Truth About Lottery Payments

Then you learn about how long it is going to take to receive the total sum of money that your lottery winning offers you, and this is regularly a time span that could reach up to 30 years. It is at this point that a lottery winner should turn to a trusted Structured Funding company, like Woodbridge Structured Funding. Reputed for great customer service and highly competitive offers, Woodbridge can provide a lottery winner with real winnings when the decision has been made to sell lottery payments. Woodbridge can provide an enormous sum of money that would normally take the winner years upon years to collect.

When you bought your lottery ticket, what did you say you would do with the money if you happen to win? When you play the lottery, you know that the chances are extremely minimal that you will actually win something substantial. If and when you actually do win, to not take advantage of the amazing opportunity by selling lottery payments would be counterintuitive.

Categories: Blog, Lottery Payments.

Selling Lottery Payments for Cash

Selling lottery payments is an option for lottery prize winners who need lump sum cash. If you have intentions of selling lottery payments for cash, first understand the local lottery laws since they differ from state to state.
(more…)

Categories: Lottery Payments, lump sum for your payments.

JG Wentworth Filed for Chapter 11 Bankruptcy Protection

JG Wentworth Inc., a financial services firm and buyer of deferred payments such as annuities, structured settlements and life insurance policies, filed for Chapter 11 bankruptcy protection on June 1, 2009.

Founded in 1991, J.G. Wentworth is owned by New York-based private equity firm JLL Partners. As part of the reorganization plan, JLL Partners invested $100 million of new equity to support J.G. Wentworth’s ongoing operations. J.G. Wentworth has since emerged from bankruptcy.

Although J.G. Wentworth laid off 120 of its 200 employees and closed its office in Las Vegas due to economic constraints, the Bryn Mawr, Pennsylvania-based company continued to operate during the reorganization process and has since hired new employees.

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

Selling Lottery Payments and Structured Settlements

Believe it or not, structured settlements and lottery winnings share many similarities. As we all should know by now, structured settlements refer to monetary compensations through a constant allowance system, in other words payments are received periodically.
(more…)

Categories: Lottery Payments, sell lottery payments, sell structured settlement.

Selling Lottery Payments to Get a Lump Sum

When someone wins the lottery, he or she is given the option to receive the prize in the form of periodic annuity payments. Most winners choose the annuity option over the lump sum and some states do not even offer the lump sum option.
(more…)

Categories: Blog, Lottery Payments, lottery winnings, sell lottery payments.

You Can Sell Annuity Payments for a Cash Lump Sum

An Annuity provides a guaranteed income stream for a specified period of time and is offered to winners of lotteries or large settlements. Annuities can also be bought through insurance companies. Scenarios may arise where an annuity owner has to get a lump sum of cash instead of keeping the income stream; during such times, the owner can sell annuity payments.

(more…)

Categories: Blog, Lottery Payments, lottery winnings, sell lottery payments.

Think Carefully Before Selling Lottery Payments

Upon winning the lottery, you may have chosen to receive periodic payments spread over many years until you get the total amount of your prize. If you find yourself faced with an emergency that requires you to spend a huge amount of money, you can exercise the option to sell lottery payments for a lump sum.

(more…)

Categories: Blog, Lottery Payments, lottery winnings, sell lottery payments.

Sell Lottery Payments to Feel Like a Winner

It may seem hard to believe, but winning the lottery does not guarantee financial security. Inflexible re-payment schedules mean small trickles of money that seem very far between and are barely helpful when it comes to settling debts, paying off creditors, or simply making life a tad more comfortable.
(more…)

Categories: Blog, Lottery Payments.