Structured settlements in Augusta have some benefits, but they are mostly a bad idea. If you’ve found yourself with a structured settlement agreement, you might be frustrated waiting for each payment. Thankfully, you can get more upfront with Augusta structured settlement funding.
At Silver Dollar Financial, we provide access to what you’ve won sooner. You can enjoy a larger portion of your settlement instead of waiting for payments to trickle in. Then, you simply pay us back as you receive each amount.
To apply for funding today, click Apply Now above or call (844) 871-0628.
The Downside of Structured Settlements in Augusta
According to Georgia Code § 51-12-70, a structured settlement is “an arrangement for periodic payment of damages.” Structured settlements compensate an injury victim for their costs after an accident. These agreements happen during a settlement or in court.
Structured settlements happen over a set period. For example, you might receive a portion of your settlement each month, every few months, or yearly. You and the at-fault party should agree on a specific arrangement.
According to Georgia law, the courts must approve a structured settlement. The idea is that the agreement must be in your best interests. Sometimes, structured settlements have pros like:
- Favorable tax situations
- Ensuring money is left over for medical bills
- Avoiding the spending of everything at once
- Estate planning benefits
However, even well-intentioned structured settlements have risks. Plus, the potential benefits are not suitable for everyone. Here are some of the downsides of structured settlements.
More Helpful for the Other Side
The other side will eventually pay you the full balance. However, the other party gets to take their time with a structured settlement. Meanwhile, you’re waiting for each payment.
It can be a frustrating situation for many families. If you have expenses to cover now, a structured settlement might feel like losing your full rights. In many ways, a structured agreement seems to benefit the other side more than you.
Loss of Access to Your Full Recovery
Smaller payments are helpful in rare situations. For example, suppose a young child suffered injuries in a car accident. The courts awarded the child significant damages, but they are too young to manage the money safely.
The child’s parents might set up a structured settlement over time. This controls the spending and allows the child to use more as they get older.
The truth is, most injury victims are adults. As an adult, you get to choose how you use your money. Smaller payments strip you of your power after the accident. The situation feels powerless if you need access to your full funds sooner.
Waiting for What’s Yours
Personal injury cases in August take time. According to Georgia Code § 9-3-33, you have two years from the injury date to take action. That’s a long time to wait for the compensation you deserve.
If you get a structured settlement, you could wait years even to get your first payment. At the same time, you have accident damages like:
- Medical bills
- Prescription medications
- Lost wages
- Property damage
You also have necessary living expenses to pay. Waiting for your recovery can feel incredibly long. If you don’t get a lump-sum for what you deserve, it feels even longer.
Thankfully, Augusta structured settlement funding is a solution if you feel stuck.
Click to contact the Silver Dollar Financial Team today or Call (844)871-0628
What to Know About Structured Settlement Funding in Augusta
Structured settlement funding helps when you need access to your compensation sooner. At Silver Dollar Financial, we understand that life is often unpredictable. Even if a structured agreement seemed good earlier, you might need more of your money now.
Here’s what to understand about the funding process:
- Applying is quick and easy. You can fill out a secure application right on our website. Click Apply Now above. You can also call us at (844) 871-0628.
- You can hear back in as little as 24 hours. Our team personally evaluates each application. If we have all of the information we need, we can get you an answer quickly.
- The money is yours once you’re approved. After approval, we’ll send the funds (up to $100,000) directly to you. The money is yours to use as you need it.
- You pay us back with your settlement payments. There’s no need to pay anything back upfront. The repayment comes straight from your structured payments.
Structured settlement funding puts the power back in your hands. The money is already yours to use; we just provide access to it sooner. Apply today to find out if you qualify for funding.
Common Uses for Structured Settlement Funding
There are many reasons someone might need a lump-sum from their structured settlement. Life can change at any moment, and that includes your financial situation. Our clients have used their funding for things like:
- High medical costs
- Purchasing a new home
- House repairs
- Buying a new car
- College tuition
- Investing or starting a new business
- Training for a new career path
- Family emergencies
How you use your funds is your business. A variety of circumstances require immediate payment from your structured settlement. Although your compensation agreement won’t change, settlement funding makes it easy to get what you need.
If your structured settlement has you feeling constrained, apply for funding today. The application process is quick, and we do not use your credit score to see if you qualify. Our team is ready to evaluate your application today.
Apply for the Augusta Structured Settlement Funding You Need Today
At Silver Dollar Financial, we believe no one should face financial struggles because of an injury accident. Our team focuses on customer service first — with each client’s needs in mind. We understand that you sometimes need more of your settlement at once.
Applying with us is a simple three-step process:
- You apply online by clicking Apply Now.
- We review your application and get back to you in as little as 24 hours.
- You get the money you need.
To get started today, click Apply Now above or call (844) 871-0628.