Pursuing a Structured Settlement Tips and Tricks to Coming Out Ahead


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Our country was founded on the principle that the righteous be rewarded and that the wicked ought to be punished. As anyone can probably tell you, this is seldom the case as each and every day innocent people seem to be punished while violators of the law seem to get away with it all too often. Why does this happen? The answer can be boiled down to a single word: ignorance. Many Americans are unaware of their rights and are unfamiliar with the actions they need to take in order to ensure that those rights are honored and preserved. Personal injury cases are the best example as hundreds of thousands of individuals are wronged every year but fail to take action. Informing yourself could be all it takes to tip the scales in your favor.

Do I Have a Case?

Because of its nature, personal injury cases are complex at their heart. Essential one can file a personal injury case if they or a loved one has been injured or killed due to no fault of their own. Some of the most frequent cases manifest as medical malpractice, product malfunction, automobile accidents, and injuries sustained in the work place. Although the criterion is simple, composing a case can be difficult if the individual does not have access to records and statements that can prove that the personal injury was sustained through no fault of their own. For this reason, professional legal litigation is essential to composing a strong personal injury case that will stand in court.

Tips When Pursuing a Structured Settlement

Up to 98% of all personal injury lawsuits actually settle outside of court in the form of a structured settlement. Structured settlements are good for two reasons: the first being that the claimant and the accused alike can avoid what may be reduced to arbitrary court fees and a drawn-out trial; the second being that these structured settlements may actually award the claimant more than they would receive in a court ruling, as many accused parties are willing to avoid the publicity and exposure that comes with a trial. Since the average structured settlement payout is around $130,000, many experts advise against pursuing a settlement unless the lawsuit entails a substantial claim of at least $100,000.

Choosing the Best Options for Your Cash Needs

A structured settlement is paid out over a number of years or the claimant’s life at their personal discretion. While this can provide a regular source of income for many, the fact of the matter is the average household is paying up to $6,658 in annual interest from credit cards, mortgages, and other forms of debt; a structured settlement could provide an opportunity for individuals to settle their debt and finally get ahead on their finances. Many loan companies offer pre-settlement options to those pursuing a structured settlement; such pre-settlement options take the form of lump sum loans in exchange for some of the claimant’s settlement payments at a later date — many companies will carefully consider an individual’s claim before offering such pre-settlement options to ensure that the claimant is likely to receive a settlement. Those who receive their structured settlement also have the option to sell some or all of their payments for a lump sum of settlement cash to cover their living expenses — keep in mind that it often takes around 45 days before those who sell their payments receive their money. A recent survey found that up to 65% of individuals would rather have a lump sum of cash than wait for structured payments. If you have a structured settlement that you want to turn into a lump sum of cash, contact a specialty financing company to discuss pre-settlement options or the process of turning your payments into a lump sum to get ahead in life.

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