After you receive your settlement, you may get it in the form of a structured settlement. Structured settlements are a way your settlement gets awarded to you. Instead of getting a lump sum, you instead receive installments of the amount owed to you over a period of time.
While this is useful in certain instances, the vast majority of people who get payments through a structured settlement get frustrated at how slow it is. If you won this money, why can’t you use it as you see fit? Why are you held back by time? You waited this long to win your settlement, and now that you finally have it, you have to wait even longer to get the full amount.
We understand this frustration and can offer you a solution to it through structured settlement funding. This kind of funding allows you to get your funds quickly so you can cover your expenses.
With our years of experience, we are confident that we can give you the money you need to help your financial situation. We help clients in Brookhaven and throughout Georgia get the cash they need.
Call us today to learn more at (844) 871-0628.
Why Do Structured Settlements Exist?
Structured settlements have always been an option to pay out settlements but got popularized in use through the passing of the Periodic Payment Settlement Tax Act of 1982. Because structured settlements are tax-free and can help individuals budget their expenses, they can be an optimal way of receiving funds for some people.
Structured settlements are also the preferred payout method for minors. Most minors are not fully capable of making their own financial decisions. Slow payouts can prevent them from squandering their money or losing it through exploitation. Payments will trickle in for their settlements for their lifetime or until they reach a certain age.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Downsides to Structured Settlements
The most obvious negative consequence of structured settlements is the time frame of the payouts. Many personal injury victims need their money now. Not later, not months down the line, but now. Many of your expenses and damages will not sit around and wait for your settlement checks to come in slowly.
The trickling payouts of structured settlements make it harder for you to pay your debts on time. You can face debt that can’t get cleared because you need to divide the money you receive to cover everything. Your financial obligations will continue to grow and, as a result, make your payouts seem smaller and smaller.
This can get further exacerbated if your injuries prevent you from working. If you cannot supplement your structured settlement through your salary, you will have a difficult time paying your bills.
Structured Settlement Funding Is Available for You
Structured settlements help the defense and the insurance company from spending all their money on you. They can take their time paying you back while you wait for their handouts. In many ways, even though the at-fault party and the insurance company have to pay for your damages, a slow payout schedule can make it feel like they won in the end.
Medical expenses are not cheap. Prescriptions, hospital stays, and doctor’s visits all cost lots of money, even with health insurance.
What happened to you was not your fault. Do not punish yourself further with debt and financial hardships.
Structured settlement funding is a great option for those who cannot afford to wait for their payments to roll in slowly.
How Does Structured Settlement Funding Help You?
Structured settlement funding offers you the money from your settlement fast. You are essentially getting access to the settlement you won early. You pay back your funding with the monthly payments you receive.
You can use your funds for:
- Medical expenses
- Living expenses
- Vehicle repairs or replacements
- Lost wages
You are not restricted in how you use your money. You can also use it to make investments, train for a new career, seek further education, or starting a business. The money you get is the money you won, so you can use it as you wish.
One lump sum can make a hard financial situation into an easy one. Recovering from an accident can be a fickle situation. There can be unexpected costs that arise, such as emergency hospital visits, additional need for prescriptions, repairs, and more.
Your payout schedule may not allow you to account for these things, but with a lump sum, you don’t have to worry about if you can afford to spend the money because you already have it.
Apply Now for Pre-Settlement Funding
Applying with Us Is Easy
Our application process consists of these simple steps.
Submit Your Application
Click on the apply now button at the top right of the page to start your application. In it, we require only a few things:
- Your information
- Your lawyer’s information
- Facts about your case
- How much your settlement is worth
- How much money you need
We do not need to check your credit score or require any proof of income or employment. What matters to most is the information you provide on the application form.
Your Application Gets Reviewed
Our team of financial experts will evaluate your application. We will follow up with you or your lawyer if necessary. When looking at your application, we will consider everything you submit and assess your case holistically.
Notification of Approval
You will get notified as soon as you are approved. You can receive up to $100,000 of funding depending on your case and current circumstances.
Get Funding Fast
You can receive your funding within 24 hours after you apply. We work fast to get you the money that you need. Waiting for structured settlement payments to come in is already frustrating enough. We aim to make your qualification process fast so you can start making payments quickly.
Qualify Today with Silver Dollar Financial
Let us help you get started on taking control of your life. With hundreds of clients in Brookhaven and throughout Georgia helped, we know how to get you back on the road to financial stability. Let our years of experience work for you.
Learn more about how we can help at no risk and no obligation to you. Apply online now or call us today at (844) 871-0628.