Sell Annuity Payments and Get Caught Up Fast
- This was posted on September 25, 2009
Bills are something that all of us unfortunately have to deal with one way or another. But sometimes the bills just take over and we are left trying to dig out of a hole that just keeps getting bigger and bigger. Debt is a big issue in this country and, right now, debt can literally sink a ship. So what are the options for getting out of debt and freeing up your cash flow? Unfortunately, short of earning more money (and who is doing that right now?) there aren’t many options available to most of us. Those who have a structured settlement, however, do in fact have an option – sell annuity payments.
A structured settlement is money that is awarded to a claimant in a personal injury case. The money is put into an annuity and then the recipient is sent equal payments on a scheduled basis. The structured settlement is not owned by the recipient however the payments that are made to them are theirs to do with what they want; and there is the option to sell annuity payments.
When you sell annuity payments you make a trade to a buyer of structured settlement annuity. The buyer will give you cash for the number of payments that you wish to sell them. In return, the buyer then becomes the owner of those payments and will receive them when they come due. The cash in the seller’s hand is one of the ways to maximize the use of structured settlement payments – a lump sum of money that they can use to make real financial headway in their lives including paying down or paying off debt which in turn frees up their cash flow and certainly releases them from spending significant amounts on interest payments. When you sell annuity payments you decide what is done with your money instead of simply choosing to accept payments as they come.
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