Even if you win a settlement in your personal injury lawsuit, that does not mean that you will be getting it all immediately. Payouts are usually scheduled into a structured settlement. This means that you get your compensation over a period of time as opposed to a lump sum. While there are some benefits to the structured settlement payout method, more often than not, it is too slow and too little to cover any of your financial obligations.
According to 26 U.S.C. 104, structured settlements are tax-free payments made over time from the settlement you won in your personal injury lawsuit. Structured settlements are mainly for minors and for those who are not entirely financially responsible. For those two groups of people, this method of getting your settlement makes sense. However, for the vast majority of personal injury victims, they need money now to pay off their expenses. When payments only trickle in little by little, making payments can be a titanic struggle.
Silver Dollar Financial offers those living in Valdosta structured settlement funding. Structured settlement funding gives you the ability to meet financial expenses with confidence. If you need funding now, call us today at (844) 871-0628. We are available 24/7, 365 days a year, and are ready to assist you.
Why Structured Settlements Exist
A structured settlement aims mainly to ensure that the money awarded is used for its proper purpose. This does not sound too bad on paper, but structured settlements are restrictive and automatically assume that you won’t be financially responsible enough for the money you receive.
Structured settlements are usually used for minors that get awarded money due to personal injury, loss of a parent, etc. This is so that the minor has a steady stream of payments to cover for any immediate expenses while ensuring there will be money left over when they are 18 years old and legally an adult.
Asides from minors, structured settlements are also utilized mainly to prevent wanton spending of your money. This arrangement typically benefits insurance companies. While structured settlements are helpful to some people, they do more harm than good for many others. A lump-sum payment will always be the better option compared to getting payments over time.
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How Structured Settlements Can Negatively Impact You
Structured settlements are notorious for being slow. You get the money that is rightfully yours, just slower and in small increments. This does nothing to help your financial situation. Imagine being stuck with large hospital bills that need repayment, but you can only cover the bare minimum of your other expenses with your structured settlement payouts.
You should not have to make a choice between paying rent or paying for your damages. Worst of all, these damages were not even your fault. Another person’s negligence is causing you to pay for expenses you would not usually have. With structured settlements, the problem gets exacerbated by the slow trickle of money coming in that does next to nothing to stem the tide of debt on your shoulders.
Structured Settlement Funding Can Help
When you are stuck with the slow and measly payouts from structured settlements, consider getting structured settlement funding to help you out. Structured settlement funding is not a loan, but instead a cash advance. Instead of putting up collateral and having to work under the terms of a traditional loan, structured settlement funding offers a low-risk way of paying off expenses during your time of hardship.
Silver Dollar Financial offers structured settlement funding that is upfront and readily accessible. You get the amount of money you need and pay it back with the payouts you get. There is no need to go through a lengthy application process with all of the different banks in Georgia. Once you get your money, you can use it to:
- Pay off large expenses
- Pay living expenses
- Pay tuition or school fees
- Make a purchase for a new home or vehicle
Structured settlement funding offers many benefits without having to go through loopholes. Applying for structured settlement funding is a very straightforward process.
How to Apply for Structured Settlement Funding
The steps to apply for structured settlement funding with Silver Dollar Financial are simple:
- Apply online or over the phone with your information, your lawyer’s information, information about your case, and how much funding you require.
- The team at Silver Dollar Financial will review your case and follow up with you or your lawyer for additional information if needed.
- If approved, you will receive your funding.
You can receive up to $100,000 of funding. We know that financial matters are time-sensitive. You can get approved and receive your funding in as little as 24 hours. There is no need for employment history, income verification, or a background check when you apply.
Apply Now for Pre-Settlement Funding
Apply for Valdosta Structured Settlement Funding
Structured settlements take control away from you. Our goal is to get power back into your hands so you can decide your financial future. The money you won is rightfully yours, and you should not have to be at the mercy of payouts to be able to use it the way you wish. Structured settlement funding is an excellent option for those looking to get cash now from their settlements.
Silver Dollar Financial believes strongly in providing honest, transparent, and compassionate assistance to those in need. Trust in us to get you the funding you need and help carry the weight of your financial stresses. Call us today at (844) 871-0628 to learn more about all of your options.