Cash for structured settlemnt payments is going to be an option a lot of people are going to start looking into the way the economy is going. I know when my cousin got into a bind 20 years ago she got quick cash for structured settlement she had from her husband being killed in a truck accident.
Unfortunately structured settlement payments seldom have a built in raise that takes inflation into account. With the price of food, gas and utilities going sky high it’s an option a lot of people are going to be looking at.
I keep seeing this ad
and I wonder how much money they are going to make running it. If you opt for one of these settlements don’t be to surprised that what they offer isn’t near as much as you’d get if you kept getting the payments you are now getting.
The cash option for structured settlements works just like it does for the lottery. If you take the cash upfront you get way less than what they say you won. If you take the cash in a structured manner then you get everything the lottery says you won.
That’s the same way it works with any kind of cash for a settlement. You get quick money but you don’t get all you would have gotten if you’d have taken it by the month. I know my cousin was very disapointed with what she ended up with but due the the circumstances she had no other viable choice.
Inflation is a part of it and so is making money for the place that’s paying you the cash. There is some risk to them but it’s not all that high. If it were me I’d do everything I could to avoid taking a cash settlement but sometimes you just have to do what is necessary for you to survive.
Times are just going to get tougher so if you do check it out be sure you have a plan for when the cash you receive runs out. My cousin didn’t and now she’s in a bind again. She did use it to go to college and get a degree so that was smart but she just got laid off a few weeks ago and is now going to have to settle for much less than she was making because she needs to make her house payments etc.
Cash for structured settlement payments can be a good thing but look at all of your options very carefully before you decide to do it. A guaranteed income is better than getting a big wad of cash and blowing it.