Top 5 reasons to sell your structured settlement payments
People sell their structured settlement or annuity payments for various reasons. Sometimes they need for cash to solve a financial problem. Other times it’s to address a specific want.
The 5 most popular reasons people choose to sell their structured settlement payments include:
- Paying off debt: High interest debt such as credit cards can take a toll on you financially. If you’re looking eliminate debt and save money on interest payments, selling your future payments for a cash lump sum might be the best option.
- Buying a car: You need reliable transportation to take you to work or school. If you have poor credit or no credit, buying a car is expensive. A better option would be to use the cash from selling some of your future payments to buy the vehicle. Buying a car with cash may give you better negotiating power and you will save money on high-interest sub-prime loans.
- Avoiding bankruptcy: Have you fallen on hard times? If you’re struggling to pay your mortgage, selling a portion of your annuity payments to make your mortgage current may be your best option.
- Paying medical or dental expenses: Out of pocket medical expenses can be very costly. To get the necessary treatment, some annuitants will use cash from their annuity to pay for their care.
- Buying a house: Many people cash in their structured settlement annuity to make a down payment on or purchase a home.
The need to access your future cash now is a decision that shouldn’t be taken lightly. To learn more about your options, call CBC Settlement Funding today at 877-386-3377.