by admin
10. January 2012 06:26
You may be wondering what exactly a structured settlement is. In simple terms, it is a financial package that is awarded to provide money through a series of payments over time, rather than in one lump sum. Each structured settlement is different in the duration of the payment period, as they are customized to fit each individuals' circumstances.
In theory, structured settlements are supposed to provide a reliable source of income for plaintiffs over many years. They are frequently awarded to victims of malpractice or accidents, and are broken out to help cover future medical expenses, possible lost wages, and so on. However, like anything else, just because something looks good on paper, doesn't mean it will work in practice.
In life, countless things could happen to change a situation. Maybe a child wants to go to college or you incur heavy medical expenses. If you are dependent on your structured settlement payments as your primary income, you may need additional help to make ends meet. Stuctured settlements can prove to be a decision that made sense at the time it was put into place, but life's unexpected surprises can mean a change in your individual needs.
If you or someone you love is facing financial strain and the restrictions of their structured settlement payments, a resolution may be possible. At J.G. Wentworth we are in the business of buying future payments for lump sums of cash now, to help individuals handle their current money needs.
In fact, over the 15+ years we have been in business, we have helped more than 50,000 people get cash sooner, by purchasing $2 billion in future payments. There are a number of reasons why you may need a lump sum of cash now and we are here to offer you a solution. Contact us today for more information.