When it comes to money sometimes a little peace of mind is all you need. This, of course, has not been terribly forthcoming as of late as the economy has put most of us in a consistent state of discomfort. The most that any of us can do is to go along with the flow as best that we can and hope that we see brighter days ahead very soon.

What can certainly add to our level of discomfort is not having cash at our disposal – liquid assets that can speak to our immediate financial needs. For those of us lucky enough to have savings, knowing that this money is there should we need it right away is incredibly comforting especially in this economy where people have lost jobs that they would have once considered stable. You just never know what’s going to happen and being as prepared as possible can help to ease some of the anxiety associated with these troubling times.

This is one of the reasons that many people are choosing to sell annuity payments from their structured settlement. When money is awarded in a personal injury case often it is deposited into an annuity to be distributed through payments. This is known as a structured settlement. The recipient of a structured settlement receives those payments on a scheduled basis. But they also have the option in most cases to sell annuity payments – “trading in” future payments for present day cash.

The way in which this works is by sellers working with a buyer of structured settlement annuity – a purchasing company that specializes in such financial transactions. The seller identifies the number of annuity payments that they wish to sell and the buyer gives them cash up front for those payments. The buyer then has ownership of those payments when they come due. In the next post we’ll talk about some of the benefits of selling payments.

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In the last post I talked about my receipt of structured settlement payments for the last two years as a result of a work accident that took me from my job. In fact, having just returned to work in the last year I had counted on the money that was awarded to me – and paid out through a structured settlement – to live from month to month; without it I’m not sure what I would have done. Now that I was finally feeling better physically and was back to working at another job I began to reconsider buying a home – something that I had been considering prior to my accident. I was finally financially stable enough to make mortgage payments and it felt like a sign of moving on with my life. But I was unable to come up with a down payment that would allow me to have an acceptable mortgage payment – as well as be approved for a mortgage in the first place.

I decided to sell annuity payments – a way in which I could come up with a lump sum of money for a down payment. The way in which this works is to deal with a buyer of structured settlement annuity – a purchasing company that essentially buys the rights to receive future payments in exchange for their present day cash value. I sold a number of payments to them and in return they gave me the cash value for those payments – enough to have a respectable down payment on my first home.

I will say that finding a reputable buyer of structured settlement annuity payments is the most important component of selling annuity payments. Choose a reputable buyer with experience and will be guaranteed a smooth and ultimately successful transaction. I’m happy that I was able to find a buyer that worked for my needs and happier still to be moving into my new home.

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When I first got my structured settlement two years ago I considered it an absolutely critical part of simply getting by week to week. I had been injured in an accident that occurred at work and there was no way that I was able to go back to my job. In fact, there was no way that I was able to go back to any job as I spent much of an entire year recuperating. In the beginning the payments coming to me from the structured settlement – the money that was given to me in an out of court settlement – just helped me pay my bills and live my life. It was the only thing that I had to keep me afloat. Now, two years later, I am back to work at another job and while I still have physical problems to deal with as a result of my accident I am in a much better physical place than I was after it first happened.

Being back to work made the money coming in from my structured settlement seem stagnant. It was helpful for sure but I just felt like it could be put to better use. In fact, I had wanted to buy a home for some time and now with a steady job I was able to handle a mortgage; it was the down payment that had me stumped. But if I chose to sell annuity payments then I would have the lump sum of cash that I needed on hand for my down payment.

So how does a buyer of structured settlement fit into all of this? When you sell annuity payments you need to work with a buyer of structured settlement annuity payments who will broker the deal and essentially purchase your right to future payments. This would be what would help me buy a home. More to come…

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In the last post I talked about our seemingly impossible situation in which we had found ourselves. We were in desperate need of a lower interest rate on our home in order to continue living there and with houses sitting stagnate on the market for months and months our chances of selling and finding a less expensive area seemed less than us getting good terms on a refinance. We had enough equity in the home that it made sense. But we were shortly surprised to learn that we were likely to be denied a refinance because of our debt to income ratio. Lenders have gotten much stricter on what they will and will not allow and it was told to us in no uncertain terms that we needed to reduce our debt if we were to be considered for a refinance loan.

The problem was that we were doing a refinance to lower our expenses. If we had the money to pay down our debt then clearly we would have done that already. But what we had not considered was the choice to sell annuity payments in order to come up with the money we needed to pay off some debt – including a car loan that was not helping us on paper.

The annuity payments came to us from a structured settlement that was the result of a personal injury suit. We had not considered the annuity payments ours to do anything else with but receive them in the manner in which we had been doing month to month. But we found out that if we sell annuity payments to a buyer of structured settlement we can have the cash value of future payments in our hands. Which is exactly what we did.

We chose to sell annuity payments to a buyer of structured settlement annuity payments. The number of payments that we would up selling was enough to pay off our car and our credit cards – reducing our debt to income ratio and allowing us to refinance to our financial benefit.

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Like many others in our exact situation we are in a “can’t stay/can’t go” scenario. While it has gotten impossibly expensive to live in our current region of the country and – because of the economy –our salaries have all but stagnated, the expense and logistics of moving don’t offer any better of an option. First of all, who can sell their house at this particular time? Secondly, in order for there to be a place to go there needs to be a job and those are not very forthcoming at present.

After much discussion it was decided that we should stay where we are and do whatever we can in our power to reduce our expenses until we are in a better situation. To that end we are refinancing our home to the tune of a much reduced interest rate that will free up our cash flow considerably. With lending being what it is right now, however, lenders are stricter than ever and our debt to income ratio was a concern. We had to pay off our debt (including our one car loan) in order to even be considered for our refinance. But where would we get the money to make such financial strides?

It was determined that in order to make this happen we should sell annuity payments. Annuity payments are made to us month by month because of something called a structured settlement. This is a settlement that was made for us by the courts because of money we were awarded in a personal injury case. The money is deposited into an annuity and then given to us through payments.

It was explained to us that should we decide to sell annuity payments we could exchange cash for future payments with a buyer of structured settlement. This would give us the cash we needed to better our position for lending. More to come…

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In the last post I talked about my car accident and how the driver who had hit me – and injured me badly as a result – had been under the influence of alcohol and other drugs. I was awarded money as a result of an out of court settlement of my personal injury case and from there the money was put into an annuity where I thought little about it other than to gratefully accept the payments that came every month during my recovery from the accident.

Now that I was back on my feet and back to work the payments had suited their purpose and I was ready to learn more about my options in terms of this money. What I found out was that I could sell annuity payments for a lump sum of money – exactly what I wanted to start paying of my debt and start looking for a home to buy.

While it wasn’t as easy as simply withdrawing the money from the settlement I found out that it was pretty easy all around – only made easier by working with a reputable and professional buyer of structured settlement annuity. So that is who I went in search of – a buyer of structured settlement annuity who could make the process as smooth and easy as possible.

I was lucky enough to find just such a purchasing company and they were able to “trade” me cash for a handful of future payments – the amount that would give me what I wanted in terms of cash on hand – for ownership of those payments when they eventually come due.

All in all it was a convenient process that was really smooth for me because of the professional guidance that I found – the buyer who helped me understand my options and guided me along the way.

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I had been on the lookout for some time for a professional who could help me make heads or tails of my structured settlement “situation.” The story goes as follows: I was hurt pretty badly in a car accident a couple of years ago and because the other driver was under the influence of a variety of substances he was liable for a cash award that was made in an out of court settlement. The money was meant to cover my medical expenses and cover the time that I would be out of work and without a wage – as well as providing for pain and suffering, which was a number that the lawyers came up with after much discussion.

I have to say that at the time I wasn’t really focused on the money. Like I said, I was hurt and was only focused on that – my recovery and feeling better. Of course I was happy that I was able to be out of work without any financial repercussions but beyond that I didn’t really give the settlement any thought. The other thing was that I didn’t get it all at once; it was put into an annuity from which I get payments; that is a structured settlement.

When the dust settled, however, and I had time to consider the fact that I even had a structured settlement I already began to consider my options. Was I stuck with just receiving payment after payment? Or was the money mine with which to do what I wanted? Could I just withdraw it like you do from a bank account? I appreciated the payments but I felt like they had served their purpose while I was out of work. Now I would be much better off with a lump sum of cash to really make some financial decisions in terms of paying off debt and even buying a house. So what I learned was that I could sell annuity payments and while it was not like withdrawing money it was a relatively simple procedure that would give me what I wanted. More to come…

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There are some shady characters out there and some shady companies to go along with them. When it comes to anything to do with your money, it is imperative to be on alert at all times and to make those decisions that will allow you to protect yourself at all costs. People will sell you anything to make a buck and it is always buyer beware; it is incumbent upon us as consumers to educate ourselves most thoroughly so that we can make the best decisions we can.

This is the philosophy I clung to when choosing a buyer of structured settlement annuity. I had been receiving payments from a structured settlement for some time after I was awarded money from an accident. The money was put into an annuity and that was how the money was dispersed – through payments that came to me once a month. For as long as I have had the structured settlement it has worked very well for me – I have really counted on the payments. But now I have reached a point in my life when I could really use a lump sum of money and the only way to do that with a structured settlement is to sell annuity payments.

When you sell annuity payments you are trading in future payments for their current cash value and the entity that leads the transaction is the buyer of structured settlement annuity payments. Obviously, as with anything else that has to do with your money, selling annuity payments should not be done without fully educating yourself about the process. But one of the best ways to protect yourself is to choose a buyer of structured settlement annuity that is experienced, professional, and has a solid reputation in the industry. Do the process justice by finding the best out there in terms of experience and reputation; you will have the peace of mind that you are being guided well.

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