I really dont want to wait to get paid for what has happenend to me. I would like to get money now instead of waiting like 10 years to start getting paid month by month = (... This is horrible! By the time I can start getting money it wont be worth crap... I will have to wait 20 years until my settlement is completley done with. Does anyone please know of any way I can get my money now or even some of it without loosing lots? Even a bank loan would be great! Thanks in advance!
2006-11-25 22:55:40 · 6 answers · asked by HelpMePlease 1 in Business & Finance ➔ Credit
Well, I would definitely suggest a bank loan over all of the places that sell your structured settlement for cash. You will be taking a huge loss if you sell it. HUGE HUGE loss over time. Realize, that is steady income that you'll have coming in, and may need it in the future. What would happen if lets say 12 years from now you lost your job? Would that structured settlement get you by? You probably would have already used up all that money if you cashed it in. I would really think hard about it before you completely give it up.
JGWentworth wanted to give me $40,000 if I cashed in my structured settlement. In 10 years on a monthly basis, I will have gotten over $100,000. That is a huge loss!
2006-11-25 23:06:44 · answer #1 · answered by Jay S 5 · 1⤊ 1⤋
There are many companies that are ready to buy structured settlements but you need to remember that there are many swindlers as well. As with all financial instruments, you should be especially careful with selling your settlements. At the link below, you will find a resource that will help you to find everything you want. Yet, you need to think twice: even if you suppose that the money you can have is more useful at present, by selling your settlement you will receive much less than with regular payments.
2014-06-15 00:57:47 · answer #2 · answered by ? 2 · 0⤊ 0⤋
Hello everybody,
It is possible to sell structured settlements at various places like JG Wentworth and such but keep in mind that you will almost never get as much due to the time value of money. If you still would like to look into this topic further online and collect some offers, I recommend this website: http://structuredsettlementsfaqs.com/selling-settlements/
You can take a look and hopefully it will help you with getting the best deal to sell your settlement at present value. :)
Best regards -Michael
2014-02-16 21:52:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
$5,500 a 300 and sixty 5 days it rather is barely $458 a month. in case you have a job with stable earnings to pass alongside with that, you ought to get a house Your loan should not be greater desirable than 25% of your earnings as a result it rather is $114/ month for a loan charge it rather is a few $20,000 homestead. additionally, banks do not make mortgages for quantities under 40,000 to 50K different utilities, homestead coverage, and components taxes should additionally not be greater desirable than yet another 25%. the electrical powered bill and water bill on my own will consume that up
2016-12-17 16:25:12 · answer #4 · answered by ? 4 · 0⤊ 0⤋
That is an interesting question and I hope you get some reasonable answers
2016-08-23 11:24:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I keep seeing ads on tv for this place that does exactly what you want.
http://www.jgwentworth.com
2006-11-25 23:04:05 · answer #6 · answered by Uther Aurelianus 6 · 0⤊ 0⤋