In 1982, Congress passed a law known as the Periodic Payment Settlement Tax Act of 1982, which helped make structured settlements a popular option in the payment of personal injury claims. Like much tax law, this bill is complex and difficult to understand to those of us who aren’t proficient in the United States Tax Code. However, the idea is quite simple: whereas a lump sum payment gives the injured person the full amount of their settlement at once, a structured settlement includes regularly scheduled payments of smaller sums until the full value is achieved.
Some people like structured settlements because they provide a framework on budgeting. For example, a person with a structured settlement may receive a certain amount of money every month, which is easier for them to manage than having the entire value of the settlement at once. These forms of settlements might be good ideas for teens or minors as well, as they typically do not fully understand fiscal responsibility.
However, many adults want full control of the money that is owed to them. If you resolve your personal injury case, you may not want to wait in order to get your money. That is where Silver Dollar Financial can help you out.
Taking Control of Your Money
Though personal injury claims can be filed as late as two years after your initial injury, the actual length of a claim can be much longer. When you add the time it takes to exhaust all possible negotiations, possibly pursue your case in court, and reach a decision, you and your family can be waiting for several years to get the money you are owed. You would be understandably displeased with a structured settlement that subsequently trickles out the money you were promised over an even longer period.
Silver Dollar Financial eases that tension through our Atlanta structured settlement funding services. Not only do we offer pre-settlement funding to help your financial situation while you wait for your claim to resolve, but we also provide you with funding up to $100,000 if your claim results in a structured settlement.
The Difference a Lump Sum Can Make
Sometimes, life presents unexpected challenges or opportunities that are unpredictable and surprising. Having all your money at once enables you to take advantage of such opportunities or overcome such challenges as they arise without having to wait due to your structured settlement only paying you a little at a time.
Often, the types of damages you suffer in a personal injury case can be costly and you may need money now to pay for them. Common expenses after a serious injury include:
- Lost wages due to missing work
- Medical bills
- Purchase and upkeep of necessary medical equipment
- Replacement of property, such as vehicles
You may have additional costs as well, such as daily living expenses like rent, food, and utilities. You may have children who need tuition assistance for college. There are plenty of reasons to get a lump sum so that you can have control over how you spend your rightful money.
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Turn to Silver Dollar Financial
Instead of having to wait for small sums to trickle into your bank account over time, apply for structured settlement funding from Silver Dollar Financial. You can pay us back as your settlement agreement rolls in, so you essentially borrow money from your future self. Silver Dollar Financial believes in giving you the tools you need to make the decisions that are right for you and your family. If you believe that your personal injury claim is likely to result in a structured settlement agreement, talk to your attorney about the advantages of Atlanta structured settlement funding today.
Our application process for Atlanta structured settlement funding is entirely online, enabling you and your attorney to upload necessary documents, check the progress of your application, and verify information pertaining to your claim. We also provide security to ensure your privacy, such as digital signatures. You can request more funds, make payments as your structured settlement resolves, and more.
Applying for Structured Settlement Funding Is Easy
Silver Dollar Financial wants to get you your money as quickly as possible. Our fully transparent process is a simple three-step system that only requires you to fill out our funding application form. There is no application fee and your credit score is not part of the assessment.
To start the process and potentially get your money in as little as 24 hours, fill out the application form on our website, or call us today at (844) 871-0628. Your money is waiting. You shouldn’t have to.