Why do people sell their future structured settlement payments?
Why do people sell their future payments? This is a question we hear a lot at CBC Settlement Funding and we think it is a good one. People choose to sell their future payments for many reasons but it all comes down to fulfilling a need. They need a place to live, they need reliable transportation to get to work, they need hearing aids, they need to get out of debt, they need an education, they need to buy equipment for their business, they need dentures or they need to pay for out of pocket medical expenses.
These needs are real, immediate and they can’t be solved by borrowing from family, friends or banks. They require swift action and a sizable sum of cash. Smaller periodic payments won’t get bill collectors off your back or buy big ticket items when you don’t have credit.
Many people think that because a person has medical insurance or Medicare they don’t have medical expenses. That is can be a expensive mistake. For instance, dental coverage isn’t covered by Medicare so if you need dentures or a tooth pulled, unless you have independent dental insurance it isn’t covered. Need hearing aids or eye glasses? They’re not covered either unless you have additional supplemental insurance. So if you don’t have access to credit and you don’t have the money you will have to do without these items. Unless you have an annuity that you can sell some of your future payments.
When you sell future annuity payments, you have the option of selling a smaller portion of your payments to get the cash you need now. Then you can continue to collect the remaining payments that you didn’t sell. You can get what you need and never have to worry about debt because it isn’t a loan. You are simply transferring the rights to some of your future payments in exchange for cash.
Why sell your structured settlement payments to CBC Settlement Funding? What makes us different?
Every structured settlement annuitant who wants to turn part or all of their settlement into a lump sum payment needs a responsible structured settlement buyer to help assess their chances of approval. CBC Settlement Funding brings their experience and knowledge to every transaction.
At CBC, we have helped many clients achieve a structured settlement payment transfer. We know the good and the bad when it comes to setting up these transfers, and we are able to effectively guide you throughout the legal process. We provide critical feedback on whether we feel a particular structured settlement proposal will work and we have processes in place to help you get paid promptly.
If you’re interested in learning more about structured settlement transfers, give CBC Settlement Funding call today at 877-386-3377.