Cash for Settlement?

1 Answer

Answer :

Those persons who are receiving a settlement or annuity inincrements can sell the settlement agreement as if it wereproperty. A settlement is viewed as an asset that can be sold forcash. Buyers of settlement agreements take over the future paymentsof the agreement. They also charge a fee for their services.Getting cash for settlement payments is a lot like getting acash advance loan. The fee for selling the settlement is higherthan what would be charged for getting a loan. The company thatprovides the advancement of full or partial settlement money thenreceives the scheduled payments until the total advanced plus anyfees is recovered.There are many reasons why a person would want to sell asettlement agreement. Many people want to pay off a home orvehicle, or attend college. They may have a

Related questions

Description : Do you know anyone who has recieved a big cash settlement for an injury, but is not really disabled or hurt badly?

Last Answer : Indeed I do. A friend of mine accidentally backed up into a car and broke the tail light. There were 2 passengers in the car he hit and they sued his insurance company and eventually got 50 or 60 ... dollars because they proved they had back and neck problems, were out of work because of it, etc.

Description : What should I know before accepting a cash settlement for an injury from an insurance company?

Last Answer : Before accepting a cash settlement for an injury it is important to know the amount of medical bills as well as any outstanding. In addition, it's important to make sure that you are completely recovered ... of pocket! Make sure you talk to an attorney and get released for a doctor before settling.

Description : Are there any tax advantages to having a cash settlement instead of installments?

Last Answer : When you take a monetary payout in installments, especially in an annuity (yearly installments) you must pay taxes on each installment. While this wouldn't be a problem for a monthly payout, taking a lump sum ... . Of course you'll have to pay taxes on it if the settlement isn't exempt from taxes.

Description : How does a cash annuity settlement work?

Last Answer : A cash annuity is usually work by the person receiving the annuity is getting a montly fund which can pre-taxed or you will have to take the taxes out every year. Many people do not like the monthly so they try to sell it order to get a lump sum.

Description : How can I get a settlement cash advance?

Last Answer : JG Wentworth is not a good company! Their stocks plummeted in 2016 following chapter 11 bankruptcy, amid several lawsuits, claiming unfair business practices. In one case, a judge ruled that JG Wentworth ... never existed! Go with New York Life, AIG Annuity, Lincoln Financial, or Mutual of Omaha.

Description : Is there any such thing as a Cash Advance for a lawsuit settlement?

Last Answer : Some companies will give an advance if they feel the case is solid enough that they will indeed get the money back. It is such a risk though that they are hard to get.

Description : Is there a company in Colorado that will give a cash advance while waiting for a lawsuit settlement?

Last Answer : Advance America Cash Advance, Allied Cash Advance, and Ace Cash Express will all offer a cash advance, while you wait for your lawsuit settlement.

Description : If a person needs information about cash for settlement, what type of lawyer should they talk to?

Last Answer : What type lawyer is needed for advise concerning a cash settlement?

Description : Can I get a cash advance on the settlement from my lawsuit?

Last Answer : Yes there are many services that will pay you an advance on pending litigation proceeds.