Structured Settlement Buyers Are Still Buying, Even In a Down Economy
When an economy makes a sharp downward turn, some things change quickly, while others tend to stay the same. For example, the news media usually notices the differences between necessities, which people keep buying, and “luxury items,” where merchants tend to see sales plummet as consumers scrimp and save. The same is often true in the world of financial products: where the volume of certain types of loans have dropped off while structured settlement sales are still popular.
Debt and Structured Settlement Sales
One reason why loans are down in some parts of the lending industry is that it’s harder for the average consumer or family to get credit. This is true for car loans, small business loans and other kinds of loans. But a structured settlement sale is not a loan, and structured settlement holders have the option of selling all or part of a structured settlement regardless of what the economy is like at any given time. That’s why selling a structured settlement continues to be a key way to handle financial emergencies for those who hold these flexible assets.
Basically, a structured settlement sale is often an alternative to debt. Structured settlement holders can use the settlement lump sum payout to pay off debts and avoid heavy interest and penalties. Some of the most common ways that structured settlement holders use a structured settlement sale include:
- Financing home improvements or real estate purchases
- Paying medical bills, health care premiums or other health care related costs
- Paying for further education
- Buying necessary transportation or other large assets that are critical for financial well-being
- Funding a small business
A structured settlement sale plan must go before a judge. A structured settlement holder should consult a qualified structured settlement buyer to see whether a particular plan is likely to get approved. Structured settlement buyers can also help with all of the other details of this sort of transaction, to make sure that your lump sum gets to you when you need it.
Selling a Structured Settlement with CBC
At CBC, we have the experience to help you design a successful structured settlement sale and follow it through to completion. We have helped many clients get lump sum payouts through structured settlement sales. Let us guide you through the process of learning how to get the most out of a structured settlement. We will keep you informed every step of the way and listen to your needs to customize your sale the way you want it, and to optimize your profit from this financial strategy.
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