Personal Injury & Auto Accident Info

Can I use my structured settlement as collateral for a loan?

Generally, the answer is no. The laws regarding structured settlement are designed to protect you  from abuse, and the ability to use the structured settlement as collateral would void that intended purpose. The payments however, can be claimed as a form of income so that if you want to buy a house, the payments represent the same financial ability that a take home paycheck of the same amount would provide.

Structured Settlement

Why should I sell my structured settlement?
Selling your structured settlement lets you free up the cash so you can have it right away, instead of waiting for the payments. You can use the money to pay off medical bills, start a business, eliminate debt, or to pay for a college education. There are many great reasons to cash in your structured settlement today.

Structured Settlement Definition

Wikipedia.com's definition of Structured Settlement

A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation. Structured settlements were first utilized in Canada and the United States during the 1970s as an alternative to lump sum settlements. Structured settlements are now part of the statutory tort law of several common law countries including: Australia, Canada, England and the United States. Although some uniformity exists, each of these countries has its own definitions, rules and standards for structured settlement. Structured settlements may include income tax and spendthrift requirements as well as benefits. Structured settlement payments are sometimes called “periodic payments”. A structured settlement incorporated into a trial judgment is called a “periodic payment judgment”.

Structured Settlements

What is a Structured Settlement?
A structured settlement is a method of payment that breaks up a cash settlement into smaller payments. The payments are spread out and paid over a period of time.

A Structured settlement can pay for several types of structured settlements such as insurance settlements, and personal injury settlements.

How can Note Buyers help my structured settlement?
Lenders who can give you cash for your structured settlement payments.

Lenders to purchase settlement payments from you and give you a lump-sum cash payout.

Why should I sell my structured settlement?
Selling your structured settlement lets you free up the cash so you can have it right away, instead of waiting for the payments. You can use the money to pay off medical bills, start a business, eliminate debt, or to pay for a college education. There are many great reasons to cash in your structured settlement today.

How much will I receive for my structured settlement?
You can sell a whole structured settlement or partial settlements. The amount of money that you will receive in exchange for this service is a percentage of the structured settlement's total worth. The amount of the percentage that is taken is dependent upon how much time will elapse before we get the money back.

A present value calculation of the structured settlement's future value worth will help you kjnow what is fair. You receive the money immediately following approval, and the structured settlement buyer waits to receive the payments according to the original structured settlement schedule.