Everyone always sees the commercials on television, advertising companies who will help turn your structured settlements into a lump sum. How exactly does this work? This is something I’m considering, but would like to know the gist of the process. Any info is appreciated!
Information on Structured Settlement Advancements?
22
Feb
Walking on Sunshine
February 22, 2010 at 9:18 pm
You sign over the full amount from your “settlement” and they pay you a leveraged balance about 35-45% less what you would get if you just took the settlement as structured. You could talk to your bank about a loan against the settlement if you need the money quickly or even a “lump sum distribution” from the trustee that allows you to take several payments at once and then have them restart after a stated time. Good Luck!
PPIcash
February 22, 2010 at 10:15 pm
This works as these companies pay you in advance for your periodic payments with the help of legal documents.
I think u should consult some professionals for correct information because different companies have different rules of converting ur periodic payments into lump sum.
I had consulted http://www.ppicash.com/ and got my money into lump sum without any problem. You can consult them.