On paper, structured settlements sound like a great way to get your funds. Instead of receiving one lump sum, you get your settlement through payments over time. This method can bring some good benefits, but it can also be harmful if you need a larger amount of money faster than the payout schedule allows.
Instead of waiting for payments to trickle in, you can get structured settlement funding to get your money fast. Whatever urgent financial matters you need to pay can get resolved in as little as 24 hours. Structured settlement funding is designed to help you stay afloat and get the money you rightfully won into your pockets.
Silver Dollar Financial provides structured settlement funding services to everyone. Our application process is streamlined to get you the best possible financial options should you qualify. If you are located in Marietta and need money faster than your structured settlement is paying out, consider contacting us today. We are available to help you at any time during any day of the week. Give us a call at (844) 871-0628 and learn more about what we can do for you.
How Structured Settlements Work
Structured settlements, according to 26 U.S.C. 104, are tax-free payments made to you over time when you win your personal injury case. The time frame of which payments are made is based on how much your settlement is and numerous other factors. A structured settlement can bring some decent benefits should your settlement be paid out in this way.
One benefit of structured settlements is not having to worry about financial pressure from others. When people win large lump sums of money, that is when family, friends, and other acquaintances can potentially come to try and take advantage of you. Many people who suddenly come into wealth face this problem, and getting structured settlements may ease that burden off of you because you don’t have a large amount of money on hand in the first place.
Another way structured settlements work in your favor is money management. If there is no pressing need to get your funds, you can easily manage payments that won’t encourage impulse spending. Another commonly overlooked factor is how much people will spend once they get a large amount of cash deposited into their bank account. Getting smaller payments will discourage that feeling and allow you to properly allot the money you have to critical areas of your life.
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How Structured Settlements Can Hurt You
Despite all of these benefits, you may be asking yourself, how exactly can a structured settlement put me at a disadvantage? Structured settlements can be notoriously slow to get you the money that you won. If you were injured and had debts piling up from before, during, and now after your lawsuit, structured settlements are doing more harm to your financial health than good.
If you get stuck in a structured settlement, you cannot get the money you need to climb out of your financial hole. Structured settlements are always in favor of insurance companies because they can take their time to pay your money while you are left waiting. There is no incentive for them to speed up the payouts, even if you need cash now.
Benefits of Structured Settlement Funding
Structured settlement funding helps you by getting you the money you need as soon as you need it. Structured settlement funding is not a loan. The funding you receive is a form of cash advance. Instead of procuring a loan and putting up your financial history and collateral, you can instead simply apply with other basic information.
The funds that you receive from structured settlement funding can be used for whatever you need. The money is yours to use as you wish, and there are no restrictions. You pay back this funding by using the regular payouts you get from your structured settlement. In its most basic form, structured settlement funding merely is just borrowing money from yourself.
Structured settlements remove your ability to control and use your money. You are at the mercy of the insurance company paying out the money you got injured for. After fighting a long and arduous personal injury case, the last thing you want is to have to wait around for your money while there are financial obligations that need to be addressed. There is a way around that, and the answer is structured settlement funding.
Applying for Structured Settlement Funding
Starting an application for structured settlement funding is made simple by Silver Dollar Financial. The process is in three easy steps:
- Apply online or over the phone, providing your basic information, legal team’s information, details about your case, and your current financial situation.
- Our team will review your case and contact you or your legal team for additional information if needed.
- If you are approved, you will have the money you need deposited into your account.
Approval can take place in as little as 24 hours. Silver Dollar Financial can provide up to $100,000 in funding and provides many different lending or funding services. If you require other financial help, contact us for information about all of the services we can offer you during your time of need.
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Get Structured Settlement Funding in Marietta Today
Structured settlements have their benefits but are also a double-edged sword. Financial obligations do not wait for anyone or anything. If you find yourself waiting for slow payouts, then you can be digging yourself into a financial hole that will only get worse and worse as time passes. If you need to pay off living expenses, medical bills, legal fees, and anything else in between, getting structured settlement funding will help you tremendously.
Silver Dollar Financial cares about all of the clients we provide financial assistance to. We are against predatory practices and do not seek to exploit you during a time of financial hardship. We are available 24/7, 365 days a year. We are ready to help. Call us at (844) 871-0628.