Structured Settlement Payment

Structured Settlement Payments

What are structured settlement payments?

Structured settlement payments are the payments from settlement awards, usually as a result of personal injury settlements, insurance settlements, injury settlements, and lawsuit settlements. Structured settlement payment awards are paid in installments spread over a period of time. These payments provide secure, long-term income and offers tax advantages. But the same financial advantages from structured settlements can also make it difficult for you when you need more money from your payments. Your structured settlement payment may not come in fast enough to cover your bills or living expenses.

But there is a solution to help you with your financial goals and push past the inflexibility of structured settlement payment.

How to turn a structured settlement payment into cash

The structured settlement payments that have not been paid out yet can be transferred and exchanged into lump sum cash for you. This transfer is known as cash flow factoring or advance funding.

In cash flow factoring, a buyer of structured settlement payments, usually a structured settlement broker or structured settlement company, buys your future structured settlement payment and pays you cash for those payments. What they are actually doing is buying the right, from you, to take over collecting the payments. In exchange, they pay you a lump sum for the value of the structured settlement payment you sell.

Cash flow factoring can also help you cash out your annuities, mortgage notes, trust deeds, injury settlements, lottery winnings, lawsuit settlements, inheritances, or other on-going litigation settlements.