Structured Settlement Sales for ‘Rainy Day Funds’
Many Americans don’t have enough saved up for a “rainy day”— an emergency that requires a quick cash infusion. But those holding structured settlements have an easy way to get money to pay for all of the many emergencies that can happen to a family.
Financial experts agree that one critical aspect of preparing for the future is to build up enough savings so that your household can handle an unexpected large expense, whether it’s related to health care, a natural disaster, or any other unforeseen cost. However, creating cash reserves is easier said than done, and millions of families lack the basic financial assets that can help them avoid high-interest debt or other “last resort” options in an emergency. With a structured settlement sale, a family trying to meet new financial challenges can use a lump sum payment to keep creditors at bay.
Some of the common types of emergencies that households can address with a rainy day fund, or a structured settlement sale, relate to the expenses of maintaining a property. From needed roof repairs or other structural issues such as electrical, plumbing and HVAC problems, there are many ways that a house can suddenly cost a lot of money. Without access to funds, many families go into debt in order to just keep a roof over their heads.
Even for renters, there are issues that might require a lot of quick cash. Consider the high costs of medical care, even for insured patients. Medical emergencies are another situation where those without options such as selling a structured settlement can face high interest debt, and even bankruptcy.
Your Structured Settlement Process
A structured settlement payout can be a great way to make sure you have cash for emergencies, but only if it it’s handled the right way. To do that you’ll need a structured settlement buyer on your side who will handle the details of working out your lump sum payout. A good structured settlement buyer can help you make sure that you get your payout when you need it. The firm will also help with the legal requirements for one of these deals, where you may need to go before a judge or otherwise authorize the sale.
CBC is an established firm that will be by your side as you go through a structured settlement sale. Our staff of dedicated in-house professionals can help you figure out how much of a lump sum payout you need, and what’s best for your overall payout strategy. Let us work with you to get you a cash advance on a structured settlement, so that you will have the liquidity that you need the next time a “rainy day” happens in your life.
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