- This was posted on January 31, 2010

I am currently “in talks” with a buyer of structured settlement annuity payments; someone that I am very hopeful can help me find a way out of my current financial nightmare. I am under water in terms of finances and I’m looking for anything that can help me find a way out of the darkness. I hadn’t even considered the choice to sell annuity payments because to be perfectly honest I didn’t know that this option even existed. I was happy to have the payments that came to me month after month from my structured settlement although the way that I came into the settlement was anything but happy. I was involved in a car accident several years ago; I was actually hit by a drunk driver and I was awarded money as a result. The recovery was terrible and I lost a lot of time at work. The money saved us. Rather than giving it to me all at once it was put into an annuity and I receive payments from the annuity every month. This money was instrumental in allowing me to recover but since I went back to work it has been a great source of extra income for my family.

Now that I’m out of a job - due to industry wide layoffs - I find myself again in need of money. The annuity payments are great but they are not enough to help me with the huge amount of debt that I’m carrying. Someone suggested that I sell annuity payments to a buyer of structured settlement annuity. I don’t sell the whole settlement; in my case I’m looking to sell a dozen payments (a year’s worth of monthly payments) in exchange for the money all at once. With this lump sum of money I can pay off my debt and get back on my feet the right way.

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