How a Buyer of Structured Settlement Helped Us, Part I
- This was posted on October 6, 2009
When you’re in your own way – when everything around you seems to have fallen down and you are just trying to get through the day – you often can’t be relied upon to make the best decisions. You may not have all the information you need or all the pieces of the puzzle to put it all together most appropriately. This was exactly the situation that my husband and I found ourselves in just this past year.
We were going along as we expected. At this time in our lives we had two kids in college and we were doing okay paying the tuition although were certainly living within a tighter budget. But we had planned for this in our lives; we knew that we would be pulling the purse strings a little tighter during this time and we were willing to make the sacrifice. This was, after all, for the education of our children and we worked hard and also made use of the education savings accounts we had put aside for over the years.
They say that things can turn on a dime and boy did they ever in our case. I became ill and had to take a leave of absence from my job. And right on the heels of this my husband got laid off – like many other people in his industry and certainly many in his own company. We were in shock. He had gotten a severance package which we were lucky to have for sure; and I had some disability payments coming to me. But even still we were soon going to go flying through our savings accounts and then what? And what about our children’s college tuition payments? We had to get organized and we had to do it quickly.
A friend, who knew that we also collected a payment for a structured settlement that we had been given, suggested looking into the process to sell annuity payments. We found a buyer of structured settlement annuity payments and he was the one who really helped put us back on track.
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