When the Periodic Payment Act of 1982 was passed, it incentivized the use of structured settlements to pay out compensation for personal injuries. While structured settlements certainly have their benefits, there are times where they can be restrictive as well. Instead of having to wait for slow payments to trickle in, you can get the money you need fast by obtaining structured settlement funding.
Silver Dollar Financial offers Stonecrest structured settlement funding to help cover urgent financial expenses quickly. Our application is risk-free, and there are no fees to apply. Don’t wait in anxiety as debt continues to rear its ugly head. Apply with us online or call us at (844) 871-0628 to find out more about how we can help you.
The Downsides of Structured Settlements
When you first agreed to get a structured settlement, you might have appreciated its benefits that allow you to budget and spend your settlement wisely. But when you face an unprecedented and sudden financial crisis, you may wish you could have taken a lump sum instead.
The major downside to structured settlements is that they are quite rigid when it comes to getting your money fast despite their flexibility in other areas. If you need to pay off your financial expenses and the structured settlement you agreed to just isn’t cutting it, you aren’t trapped. There is another way to get the money you need at little or no risk to you.
How Does Structured Settlement Funding Work?
Basically, you receive a lump sum of cash from us, and you pay us back with the slow payments you receive from your structured settlement. When you receive your funds, you can put them towards whatever you wish. We do not restrict you on how you use the money we provide since, after all, it’s your money.
Structured settlement funding is akin to a cash advance. You get early access to the money you won when you filed your claim for compensation.
How Does Structured Settlement Funding Get Used?
Typically, most of our clients use the money they receive for:
- Living expenses such as groceries and utilities
- Rent or mortgage payments
- Unexpected medical emergencies and other medical expenses
- Vehicle replacements or repairs
- School and tuition fees
- Substitute services, medical equipment, and prescriptions
There are lots of reasons why you may need more money than what your structured settlement allows. Regardless of the reason, Silver Dollar Financial can provide you with the funding you need.
What Materials Do I Need to Apply?
Applying for structured settlement funding has different requirements compared to obtaining money through a traditional loan. Traditional loans and funding sources require a credit check, proof of employment, bank statements, and more.
When it comes to structured settlement funding, there’s no need for any of that. This is because you are already good for the money to begin with. Since you receive steady checks according to your settlement’s payout schedule, you won’t need to use your income or other sources of money to pay back what you borrow.
You don’t have to worry about your current financial situation. All we want to know are the basic details of your case, how often you get your settlement checks, how much you need, and why you need the money.
What Is the Application Process?
The application process with Silver Dollar FInancial is extremely simple:
- Apply online with our application form.
- Our financial experts will review the information you submitted.
- You get approved and receive the money.
You can get approved for up to $100,000 in funding within 24 hours. Our team works fast to ensure that you can receive money in a timely manner. We know that your financial obligations won’t wait for anyone, so you can trust us to work fast and get you the funding you need.
If you need additional funding after the first round, you can always apply for more so long as you qualify.
Get Structured Settlement Funding in Stonecrest Today
If you are a Stonecrest resident and need money faster than what your payout schedule allows, consider applying for structured settlement funding today. Our financial experts are standing by, ready to assist you, free of charge. There is no risk when you call our office at (844) 871-0628. Apply online for free and get qualified for financial assistance.