Have you recently been awarded compensation through an insurance settlement or civil claim? Are you going to be collecting regular payments in the form of a structured settlement?
If you have trouble making ends meet after an injury, you may be able to sell your structured settlement payments and get the advance you need to cover your costs. Silver Dollar loan specialists are here to help you access Peachtree Corners structured settlement funding so you can use your money when you need it most.
What Is a Structured Settlement?
After going through a civil lawsuit or suffering a devastating injury caused by someone else’s negligence, you may be awarded compensation for your damages and suffering. When the person responsible is ordered to compensate you, you may agree to a structured settlement arrangement.
Here, the insurance company or other financial institution will pay you periodic payments on an agreed-upon schedule as opposed to paying you in one lump sum. Although many people find structured settlements an attractive option due to the regular and seemingly steady income source, it is not uncommon for people receiving structured settlement payments to find themselves requiring access to a portion of their next structured settlement payment in advance.
It is also common for people waiting for their structured settlement payments to come in to continue struggling to cope financially. Despite entering a structured settlement agreement, it could be months or longer before your payments start to hit your bank account. What are you going to do in the meantime to support yourself and your family?
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How to Access Your Structured Settlement Funds in Advance
If you could get an advance on your structured settlement payments, you may be able to cover all of the expenses you need to get through these most trying financial times. By filling out an application for a lawsuit loan with Silver Dollar or selling us your structured settlement payments, you can get an advance on your structured settlement now.
Then, once your structured settlement payments are sent to your attorney, your attorney will use them to pay back your loan. In this way, you have your greatest opportunity to recover the funds you need when you need the most in a risk-free environment.
How Is Legal Funding Different from Bank Loans?
Many people are skeptical about requesting pre-settlement legal funding or selling their structured settlement payments because they are under the impression that they work the same way bank loans do. However, bank loans are extremely different from legal funding offered by Silver Dollar.
When you fill out an application for a bank loan, the financial institution will require credit references, an excellent credit score, and that you prove your source of income. They may also require collateral before agreeing to issue your loan. If you do not have a good enough credit score, the insurance company can flat-out deny your claim or charge exorbitantly high compound interest rates, which could leave you in debt for the foreseeable future.
Our legal funding is not the same. We do not care what your credit score is or whether you can pay back a loan with a source of income. Instead, all we care about is whether you are working with an attorney and how much your attorney anticipates you will be awarded in your structured settlement.
Spending Your Structured Settlement Loan Money
One of the top benefits of selling your structured settlement payments is the ability to access your money and spend it however you need to. If you needed to upgrade your small business’s computer systems, get your vehicle repaired, or cover other miscellaneous out-of-pocket expenses, selling your structured settlement payments could be in your best interests.
Some of the other expenses people selling their structured settlement payments spend their money on include:
- Child care
These are just a few of the ways people have spent the money they receive from selling their structured settlement payments. Ultimately, you have the right to spend your money however you like to. It is, after all, yours. We are just helping you access it now when you need it most.
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Can You Sell Structured Settlement Payments More than Once?
If you have already previously sold structured settlement payments, you may be wondering whether you have the right to sell them again. When you are receiving regular structured settlement payments, you have the option to sell them whenever you need to.
However, be prepared. Before you can sell your structured settlement payment, you will need to get approval from a judge. This way, you can be sure you are being protected from predatory lenders.
The judge may consider your life expectancy, your current living expenses, and your other financial obligations in determining whether they should approve or reject your request to sell your structured settlement payments. The judge has the discretion and authority to deny your request, so be sure to bring evidence to prove your need to sell your structured settlement payments. If you are unsure whether the judge will agree to grant your request to sell your structured settlement payments, you can reach out to your attorney or our loan specialists at Silver Dollar to learn more about how you can provide proof and evidence that shows your need to sell your structured payments now.
Call Silver Dollar to Get an Advance on Your Structured Settlement
Whether you are currently receiving structured settlement payments or are waiting for your structured settlement payments to begin, Silver Dollar may be able to provide you with your legal funding ahead of time.
Find out more about how you can sell your structured settlement payments when you contact Silver Dollar with questions and concerns. Or you can apply now, call our office to speak with our experienced loan specialists, or complete our quick contact form to get started today.