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A structured settlement is a financial or insurance arrangement, defined by Internal Revenue Code as periodic payments. The Structured Settlement Protection act was enacted during 1970s.

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Q: In what year was the Structured Settlement Protection Act enacted?
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Selling Your Structured Settlement For Cash?

Time is money! We've all heard the expression. But what does that mean for someone with a structured settlement? Many people every year are granted structured settlements and annuities. These come in the form of lottery winnings, worker's compensation claims and lawsuits. In some cases, the winners choose to have payments paid out over a number of years rather than in a lump sum at the beginning. For some, this is a great option. However, selling your structured settlement for immediate cash may be just the remedy you need to enhance your quality of life.Why sell settlement? For many, payments stretched out over 20 years is not the best financial decision. The money from your structured settlement can be used now for a number of income-generating purposes. Investing in a small business, purchasing stocks, buying real estate and investing in a child's college education are all worthy pursuits. Using your settlement money now instead of ten years later can pay off in larger dividends and higher profits.There are many companies available that will purchase your structured settlement for cash. In exchange, you forfeit a percentage of your earnings. This is called a structured settlement factoring transaction. This transaction allows you to give up the rights to receive structured payments to receive the cash immediately.Although some people use their lump sum payment to invest in business opportunities, education and stock investing, others use the payments for daily living expenses. The lump sum of money can be used toward a new home, a better car, vacations or debt repayment. All of these are valid reasons for selling your settlement and receiving the benefits of cashing out your settlement funds.Should you sell your settlement? When thinking ofwhether to sell settlement, there are a number of factors to consider.Age.People who are closer to retirement may decide that the earnings can be better used in the short term to fund their living expenses while they're not working. Conversely, workers with younger children may decide that the interest rate on a college savings account for their children is higher than the interest rate on the settlement payments. This makes selling the settlement a more attractive option.Need. Are there costly home repairs or necessaryhome improvement? Is the money needed now for a business opportunity? A structured settlement payout is a great way to cover these expenses.Need to sell settlement? Time is money and finding the right company to purchase your settlement will bring you closer to funding your dreams.


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