- This was posted on March 9, 2010

In the last post I talked about my choice to get cash for structured settlement payments and use my structured settlement in the most effective way for my financial needs at the present time. I had been given the structured settlement as a result of a personal injury court case many years ago but I had always looked at the monthly annuity payments as an extra line of reliable income. I had grown to depend upon these payments to be sure, but I did not realize that there was so much more that I could be using them to do. The option really made itself clear when I was facing financial disaster. I had spent and charged and lived high on the hog for many years, comfortable that I could always pay the bills because of my high salary. Then I lost my job like so many people in this current economy and suddenly the source of income that could comfortably cover all the bills was gone. A medical procedure that racked up huge medical bills then pushed my debt into the next stratosphere. I had to do something to get back on my feet or we would even be at risk of losing our home.

I worked with a buyer of structured settlement annuity in order to get the cash that I needed to cover my debt. A buyer - a purchasing company - purchases future annuity payments in exchange for cash. So they will receive the annuity payments that they bought - when they come due in the future and I get cash for structured settlement payments today. Of course it’s important to work with a reputable company and I was able to find one that has a great reputation, is experienced and knowledgeable; a company that I trust. Now I will have the cash that I need to pay off my debt and give myself a clean financial slate - something that most people are not able to do and something for which I am very grateful.

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