The Best Time to Get Cash for a Structured Settlement

In general, the best time to cash out a structured settlement is before you need the money. Although selling structured settlement payments can be done fairly quickly, deciding to cash out a structured settlement early gives you time to research structured settlement companies, negotiate the best possible price, and consult with legal and financial advisors. In the words of time management expert Alan Lakein, “Planning is bringing the future into the present so that you can do something about it now.” It’s best to cash out a structured settlement while you can devote yourself to the process. Some of the reasons people sell settlement payments include making a down payment on a vehicle or home, paying for medical care, or funding their education. For the most part, buying property, dealing with injuries, and returning to school can all be complicated endeavors with their own unique challenges. Cashing out a structured settlement early on allows you to focus fully on these new ventures.

More Reasons to Sell Settlements Early

With a structured settlement, your money is locked into an annuity. As a result, you can’t access the money when you need it, or put the funds in a better performing account. Cashing out a structured settlement gives you control over your funds. Often times people cash out structured settlements and place the money into more flexible investment vehicles.

Cash out your structured settlement today to maximize the benefits of your award. Woodbridge will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor, or visit the website for a free quote. It’s quick, easy, and all information is kept strictly confidential.

Woodbridge Structured Funding, LLC: Sell structured settlement payments for cash – with ease.

The First Step to Getting Cash for Structured Settlement Payments

Before selling a structured settlement, you must first consider your reasons for doing so. If your disposable income and savings are sufficient to cover large expenditures like home repair or emergency medical care, and your goal is not to actively invest the money, then you don’t necessarily need cash for structured settlement payments. However, if you don’t have access to the amount of money you’d need to buy a new car or fix your roof, selling structured settlement payments can be hugely beneficial.

How To Sell Structured Settlement Payments

Once you’ve made up your mind to get cash for your structured settlement payments, you determine how many payments you want to sell. One of the many advantages of selling structured settlements is that you don’t need to cash out the entire settlement. If you sell only a portion of your structured settlement payments now, you still have the option to sell the remaining settlement payments at a later date.

Selecting a Structured Settlement Company

There are several major companies that help individuals get cash for their structured settlement payments. While competitors have experienced turmoil in the past few years – filing for bankruptcy or merging with other structured settlement companies – Woodbridge Structured Funding has experienced steady growth. As the company has grown – more than doubling the number of transactions over last year – the superior level of customer service has remained constant. Woodbridge was recently awarded the highest possible rating from the Better Business Bureau, a testament to the quality of their service and adherence to regulations.

Getting cash for structured settlement payments is easier than you think. Call Woodbridge Structured Funding today (1-866-865-7044) to speak to an advisor. You can also receive a free quote online. It’s quick, easy, and all information is kept strictly confidential. Best of all, Woodbridge Structured Funding, LLC will beat any legitimate offer.

Woodbridge Structured Funding, LLC: Sell structured settlement payments for cash – with ease.

Woodbridge Structured Funding Buys Structured Settlements

A number of firms buy structured settlements, but not all structured settlement companies offer the level of personalized customer care that Woodbridge provides. Woodbridge maintains the highest level of integrity, with strict adherence to proper business and advertising ethics and regulations, all while providing the highest offers in the industry. For nearly two decades Woodbridge has been a leader in the financial services industry, and their structured settlement experts can answer all your questions regarding selling structured settlements and annuities.

Selling structured settlements is quick and easy. Contact Woodbridge, a trusted structured settlement company, today for a free quote. Woodbridge Structured Funding, LLC will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor. You can also contact us online for a free quote. It’s quick, easy, and all information is kept strictly confidential.

Woodbridge Structured Funding, LLC: Sell structured settlement payments for cash – with ease.

Recommended reading: What to Look for in a Structured Settlement Buyer

No matter how hard you work or how carefully you plan, unforeseen events can change your life—often dramatically. No one expects to be injured in an accident, and few are prepared for the host of hurdles that accompany a personal injury lawsuit. While a structured settlement might seem like the end of the process, for many, it’s the beginning of a new set of challenges in their lives. Fortunately, you can sell structured settlement payments, and many find selling these payments for cash is the answer to their financial troubles.

Brenda studied hard during high school and intended to realize her mother’s dream and become the first member of her family to attend college. But during Brenda’s senior year her mother fell ill, and Brenda had to take care of her by working nights to help support her family. While working as a housekeeping aide in a nursing home, and taking care of her ailing mother, Brenda realized her passion for healthcare. After her mother passed away, Brenda began studying for an Associate of Science in Nursing at a nearby community college, however during her second semester she was injured in a car accident. Unable to work for several months, Brenda struggled to make payments on the medical expenses accrued during her mother’s illness. What began as a temporary disruption to her schooling quickly became permanent. Brenda was forced to drop out of school and pay what little money she had towards her mother’s hospital bills with nothing remaining to pay her own hospital bills, she was relieved when the other driver’s insurance company agreed to pay her a moderate-sized structured settlement, but her excitement soon turned to dismay when she found the structured settlement payments, spaced over a span of many years, did not come close to covering her current debt.

Sell Structured Settlements for Cash for College

Determined, Brenda started to explore financing options and realized that many people sell structured settlements for cash. This, she believed, could be the way out of her predicament. She decided to sell structured settlement payments for cash, and use that lump sum payment to pay off her debt and get back on her feet. Once she decided to sell settlement payments, the question was which company was the best to work with. After careful research, Brenda chose Woodbridge Structured Funding based on their expertise and on their guarantee to beat any other legitimate offer she received for her payments.

The decision to sell her settlement payments was a turning point for Brenda. The lump sum payment was enough to pay off her remaining bills and get back in school. Today, Brenda is the proud holder of a nursing degree and enjoys work as a Registered Nurse at a home for senior citizens. She considers the decision to sell structured settlements for cash to Woodbridge Structured Funding one of the best choices she ever made. Her only regret is that her mother didn’t live to see her graduate.

If you think you might want to sell structured settlements for cash, contact Woodbridge today for a free quote. Woodbridge Structured Funding, LLC will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor now. You can also use contact us online for a free quote. It’s quick, easy, and all information is kept strictly confidential.

Woodbridge Structured Funding, LLC: Sell settlement payments for cash – with ease.

Selling a structured settlement, annuity payments or lottery winnings can certainly be daunting. No one knows what the next ten, twenty or thirty years may hold, thus it is a common belief that selling regular payments is like selling your safety net.

Despite this belief, receiving a lump sum of cash will not necessarily leave you high and dry, although you do need to be careful managing your newfound wealth. You might want to sell structured settlement payments, annuity payments or lottery winnings in exchange of a lump sum of cash, but this doesn’t mean you have to be scared of having your money run out before you’re ready.

How not to spend your entire lump sum of cash right away

Get an accountant

With your new lump sum of cash, you should be able to afford to hire an accountant. This is a very worthy investment to get professional advice and avoid any unnecessary fines, settle any tax issues and establish a long term plan for your money.

Pay off all of your debt before your spend that lump sum of cash

Debt is not something that you want to deal with when you are no longer receiving steady payments from your previous structured settlement, annuity payments or lottery winnings. Make this a priority so you will know exactly how much spending money you actually have.

Keep your day job, or at least get a new one

As mentioned before; you never know what could happen over the next decade or three. It should always be a goal of yours to continue increasing your net worth, or at least not letting the number slip to something negative. Keep your job to maintain an additional stream of steady income. If you just can’t stand your current job, at least use your new financial freedom to take some time off and begin a new venture making money by doing something you are passionate about.

Avoid gambling with your lump sum of cash

Hopefully the thing you are passionate about is not gambling or taking on high risk financial investments. Taking on high risk investments or gambling with the lump sum of cash you just got is a surefire way to loose the money you would have had with each new structured settlement, lottery or annuity payment. Note: Chances of receiving lottery winnings twice in life are even more slim than winning once. Protect your assets.

Invest your new lump sum of cash

Whenever you sell your structured settlement, annuity payments or lottery winnings, you usually have to sacrifice a portion of the ultimate amount in order to receive that large lump sum of cash. If you invest what you get in a smart way, you might be able to make back all of that money and then some.

If you are selling a structured settlement, annuity payments or lottery winnings, consider getting a free quote about how much you could get in a lump sum of cash by visiting our free quote page.

Selling your structured settlement, lottery winnings or selling an annuity payment by no means automatically suggests that you are not financially planning for the future.
Yes, there are many pitfalls that one can fall into after selling a structured settlement, lottery winning or annuity payment, but these can easily be avoided just by keeping a few pointers in mind.

1) Sell up to the budget that’s needed

Take some time before you sell your structured settlement, lottery winnings or annuity payment to set up your own budget and identify how much lump sum money is needed. Sell only the portion of payments that’s needed to fulfill this budget. Most Structured settlement companies will allow you to sell a portion of payments and if you need more at a future date you can sell your remaining payments

2) Determine long term and short term financial goals

Just because you should budget does not mean that you shouldn’t take advantage of the large amount of money you just got by selling a structured settlement, lottery winnings or annuity payments. Go ahead and enjoy, buy a new gift for yourself. However, don’t buy a car or boat right away if that wasn’t in your budget. It is good practice to limit what you spend a large amount of money on right away so you can see what the rest of your new spending habits are like. You might realize that you just can’t help going out for a lot of fancy dinners. Take some time to slowly evaluate what you want to spend your money on.

3) Think outside the box about spending

Right now your financial responsibilities may be limited. Think also about your future. Don’t forget that down the road you may have other people in your family or close circle of friends that you might need to take care of financially. Before you start spending the money you just got, make sure you cover all your bases and try to anticipate all of the large expenses you’ll have to cover in the next five or twenty-five years.

Selling a structured settlement, lottery winnings or selling annuity payments can be a great and fiscally responsible thing to do, as long as you take all aspects of managing your finances into consideration. For a free quote on how much money for future payments you can get, visit our free quote page

Work with a reputable secondary buyer

Selling structured settlements should be a simple and hassle-free process. An established company can offer you a variety of selling options, explain all the terms and conditions, and answer all your questions with honesty.

Sell only what you can

Structured settlements are a source of income for many. This does not have to change just because you’ve decided sell structured settlements. You have the flexibility to sell just a fraction of your settlement. This option can help you decide how to get a specific lump sum amount for whatever your immediate needs are and still use your structured settlement to pay the bills every month.

Determine the exact amount needed

Do you want a lump sum to start a business or get an advanced educational degree? Researching the costs of tuition or starting up an enterprise gives you a much clearer idea of how much of your structured settlement you will ought to sell.

Consider the amount of time the process takes

A reputable structured settlement company will guide you throughout the process, explaining exactly when you can expect your cash.

Prepare for the unexpected

The cost of tuition increases. Inflation slowly but surely continues devaluing the dollar as time passes. Housing bubbles may pop or the market may crash. If you want to sell structured settlements the smart way, take unforeseen economic crises.

Consider other sources of funding

A structured settlement might not be your sole source of income. Perhaps you also have a regular paycheck or rental property you depend on. This means greater flexibility when deciding what to do with a lump sum structured settlement payout.

Founded in 1991, J.G. Wentworth is owned by New York-based private equity firm JLL Partners.  As part of the reorganization plan, JLL Partners invested $100 million of new equity to support J.G. Wentworth’s ongoing operations.  J.G. Wentworth has since emerged from bankruptcy.

Although J.G. Wentworth laid off 120 of its 200 employees and closed its office in Las Vegas due to economic constraints, the Bryn Mawr, Pennsylvania-based company continued to operate during the reorganization process and has since hired new employees.

Personal injury victims receiving structured settlement payments are painfully aware of how unpredictable and unfair life can be.

You can never tell when disaster may strike and put you in a financial situation that cannot wait for periodic payments. It is during such times that many opt to sell structured settlements for a lump sum of cash.

Selling Structured Settlements: The Partial Lump Sum Option

The flexibility of a lump sum gives people the power to spend when they need it. Many of those who have decided to sell structured settlements assume that they are obligated to sell all of their payments and are surprised that they don’t have to. As a matter of fact, most lump sum transactions only involve a fraction of the payment stream.

This is actually the best option for any seller: a partial lump sum transaction to cover a current financial emergency without sacrificing the security of periodic payments.

Beware Structured Settlement Buyers Who Keep You in the Dark

There are some structured settlement buyers who take advantage of sellers who are ignorant of this fact. Now that you know, be wary of companies who do not bother informing you of your this option.

Everyone’s financial situation is unique, so take your time deciding how much money you require for your present need – because the decision may affect your future security.

Most structured settlement recipients do not foresee a need to sell their payments in the secondary market for structured settlements. However, knowing the value of your structured settlement payments may come in handy later on should a financial emergency force you to sell structured settlement payments.

 Know What Your Structured Settlement Is Worth

To know your structured settlement’s worth, contact a number of structured settlement buyers and ask them how much they’d offer should you decide to sell. Before calling, prepare your documentation – including a copy of the settlement agreement and the annuity policy. The purchasing company can quote you their offer much quicker if you immediately provide them the information in these documents.

Ask How Much Portions of Your Settlement Are Worth

When asking for a quote, don’t just ask them for the value of the entire settlement you want to sell. Inquire how much portions of the annuity payments are worth, so you will have a good idea of the kind of flexibility you might have in customizing the transaction to fit whatever needs you may have in the future.