4 Reasons To Get A Lump Sum For Your Structured Settlement

Settlement recipients

If you have a structured settlement or an annuity, there are a lot of reasons to obtain a pre-settlement cash advance. If any of the following situations apply to you, consider researching how to obtain cash for a settlement today:
1. You’re in severe debt.
Nearly half of American families live above their means. The average household boasts 13 credit and payment cards between members. Most people live paycheck to paycheck and just pay the interest off on their various debts, praying that nothing unexpected will come up and send them over the edge. Obtaining cash for a settlement can help you eliminate debt by getting the extra cash you need now to make some progress on those principle balances, and not just the interest payments.
2. You want to make an investment.
There are various ways that you can make money work for you. Most people think the best thing they can do with their money is pay down bills or put it in a bank — not so. If you understand how the stock market or bonds work, you can manipulate money so that it earns a return for you. Furthermore, the present value of money is always worth more than the future value of money. Therefore, obtaining cash for a settlement today means that you can receive a large lump sum that will then earn you more interest should you invest it somewhere.

If you have no idea what we’re talking about, please google “Time value of money” right now. There are all kinds of easy financial calculators that can help you understand what a lump sum will be worth in five to 10 years if you’re smart about using it.
3. You want to make a big purchase.
There are a lot of expensive things, such as plane tickets, vacations, kayaks, etc., that usually need to be purchased outright but aren’t part of your ordinary budget. Obtaining a lump sum for a settlement can free you up to indulge in one of these purchases without putting you into (more) debt.
A word of advice…
There are a number of companies out there that want to be the intermediary between you and the party responsible for paying your structured settlement. Don’t just settle on the first one you find. Remember, they’re in this business for the same reason everyone is in business — to make money. Compare the percentages these companies will take of your settlement and choose the one that charges you the least amount. After all, it’s your money. You deserve as much of it as you can get your hands on. Get more info here.