Cash Out Structured Settlements to Get Out of Debt

Cashing out structured settlements can help you get out of debt. Approximately two million Americans are currently enrolled in debt management plans to help them repay an average of $35,000 over the next three to five years. A January 2010 survey conducted by the Federal Reserve Bank of Boston found average credit card debt per household was just under $16,000. While a debt management plan is a good idea, unless you can afford to make substantial payments, the interest on the debt will continue to undermine your efforts to pay it off. Cashing out structured settlements for a lump sum gives you the means to quickly wipe out high interest debts from your household budget.

Sell Annuity Payments to Learn Something New

Furthering your education remains a top New Year’s resolution for good reason. Not only does learning expand your mind and keep you sharp, it can also improve your employment options and greatly increase your earning potential.  The cost of education is rising sharply and selling annuity payments gives an annuitant the cash they need to enroll in classes. Improve your mind and your salary by cashing out structured settlements and getting a new degree or certification.

Call today (1-866-865-7044) to speak to an advisor, or visit us online for a free quote. It’s quick, easy, and all information is kept strictly confidential. Woodbridge Structured Funding, LLC will beat any legitimate offer.

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

Sell Annuity Payments to Prepare for Emergencies

Selling annuity payments and placing them in a more liquid and flexible vehicle is a great way to prepare for emergency expenditures. A recent survey conducted by the National Foundation for Credit Counseling found that 64% of Americans don’t have enough cash available to cover a $1,000 emergency expense. Most of those surveyed said they would have to borrow money or take a cash advance on a credit card if faced with such an expenditure. Emergency dental care, a surprise hospital visit, or a necessary car repair can come out of nowhere. A study by the National Bureau of Economic Research showed that 50% of Americans would have difficulties accessing $2,000 if needed in an emergency. While structured annuities provide a long, steady stream of income, annuity payments are rarely large, and are only dispensed based on the original terms of the settlement. In other words, a structured annuity likely won’t help much when it comes to covering an emergency expense. When you sell annuity payments, you can place that money in a flexible investment that allows you to withdraw money when faced with an unexpected expense or bill.

Selling Annuity Payments to Invest in Education

It’s no secret that many Americans are struggling right now. Unemployment is high and the economy is barely recovering. In these circumstances, furthering one’s education can be an excellent investment, and selling annuity payments, if you’re fortunate enough to have them, is a great way to overcome the high cost of tuition. Not only do individuals with more education make more money, they’re also less likely to be unemployed. Figures released by the Bureau of Labor Statistics show that the unemployment rate for those without at least an Associate degree is well above the national average. The more education you have, the higher your income potential and the less likelihood of being unemployed. With tuition rates on the rise, college can be prohibitively expensive and many are unwilling or unable to take on a student loan. Selling annuity payments provides you a cash lump sum that can be used to cover tuition and other educational expenses. Why leave your money in someone else’s hands when selling annuity payments can free you from debt and increase your earning potential?

Not only is it a smart move, selling annuity payments is fast and easy. Woodbridge Structured Funding 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.

After enduring the stress of an accident and subsequent legal proceedings, many injury victims awarded structured settlements find themselves wondering, “What’s the best way to sell my annuity?” There are plenty of reasons to sell structured settlements. Most importantly, selling annuity settlements for lump sum payments gives you access to your money. Unlike a structured settlement annuity which is padi out on a predetermined basis set up by an impersonal insurance company, selling annuity payments allows you to place your money into investments that give you the flexibility to withdraw funds.  These funds are readily available in case of an emergency, or if you desire to make a large down payment on a house or vehicle.

How to Sell an Annuity Settlement

Once you’ve answered the question, “Why should I sell my annuity?” the next step is to figure out how to sell a structured settlement. Selling an annuity settlement isn’t difficult, but as with any financial decision, you want to make sure you’re fully informed before you take action.

When researching structured settlement buyers, be sure you understand all the information you receive. Fees can vary from state to state, and from company to company. Make sure you know the different options available to you. It is not necessary to sell your entire annuity at once. In fact, you can sell just a portion of your annuity payments and continue to collect the remaining payments due you with the option of selling additional payments at a later date if necessary. You should never be afraid to ask a lot of questions. For nearly two decades Woodbridge Structured Funding has been helping injury victims and lottery winners sell their annuities. Our consultants are able to answer any inquiries you might have. Call 1-866-865-7044 to speak with a Woodbridge structured settlement expert.

5 Steps to Selling Annuity Payments

Selling annuity payments is not a difficult process. Here are the 5 steps to sell an annuity to Woodbridge Structured Funding:

1. Contact Woodbridge Structured Funding for a free annuity settlement quote.
2. Once you accept an offer, if necessary, you will send Woodbridge additional information about your annuity.
3. A formal disclosure document and contract will be prepared for you to sign.
4. Upon signing, Woodbridge collects all the necessary documents and your settlement is reviewed by a judge in a court of law – this step has been instituted by the courts to ensure that injury victims are not preyed upon by less scrupulous companies.
5. After the court approves the transfer, Woodbridge sends you the cash lump sum!

Woodbridge Structured Funding has a long track record of helping structured settlement recipients sell annuity settlements for cash. In recognition of our commitment to excellent customer service and ethical business practices, the Better Business Bureau granted Woodbridge their highest possible rating –A+.

Still wondering, “How do I sell my annuity?” Call today (1-866-865-7044) to speak to an advisor, or visit us online for a free quote. It’s quick, easy, and all information is kept strictly confidential. Woodbridge Structured Funding, LLC will beat any legitimate offer.

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

The decision to sell annuities or structured settlements can be a life changing one. One young woman experienced this when she chose to sell settlement payments to fund her college degree. The summer she turned seven, Jamie attended a day camp near her house. One day while playing on the slide, she fell off a slide, badly breaking her right arm and wrist. Her parents sued the camp for inadequate supervision and won a settlement for Jamie’s hospital care and emotional distress. The settlement was awarded in a structured settlement to be paid out over twenty five years. This arrangement worked fine until it was time for Jamie to attend college. An excellent student, she had received a partial scholarship. But even with the scholarship, out of pocket expenses still amounted to around $20,000 a year, and Jamie’s parents were unable to fund the outstanding balance of her college education due to having to take care of Jamie’s three younger brothers and sisters. Determined to attend college nonetheless, Jamie did extensive research into ways she might be able to fulfill her dream of becoming a doctor. Eventually, she discovered she could sell settlement payments for a lump sum.

Sell Settlement Payments

Though structured settlements are often administered through the purchase of annuities, they do not function like traditional annuities. Annuities are often created when a large amount of money is invested all at once, or smaller contributions are made over a certain period of time, most often with an insurance company. The owner of these annuities can choose different options of payments as well as the amount of principle they wish to invest. This is not the case for structured settlements. Most structured settlements are rigid in the way the payments are made and do not allow you to accelerate payments of those funds creating the necessity to sell settlement payments when the need arises. With a structured settlement, you are locked into the payment schedule, determined by a third party when it’s created, until the settlement is paid in full—a process which can take decades. Because of Jamie’s structured settlement, her only option to access the money owed to her was to sell settlement payments.

More Reasons to Sell Annuity Settlements

Tuition isn’t the only good reason to sell settlement payments—from mortgages to automobiles to investments, there are plenty of reasons why you would benefit from being in control of your own money.

Find out if selling settlement payments is right for you, 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. 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 structured 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

The lump sum cash for annuity payment option needs to be given very careful consideration.

How to Sell Annuity Payments

First of all, determine the worth of the annuity. Calculate the discounted value of the annuity’s future cash flow in order to compute its current value. This should be the price that you get when you sell your annuity. If the market price of your annuity is smaller than its current value then you should not sell the annuity. Instead hold on to it until the market value is at a point where selling makes financial sense.

Decide whether to sell all or just a portion of your annuity. One of the best benefits that a secondary market for annuities has to offer is the opportunity to sell a part of your annuity payment and hold on to whatever’s left. For example, you could sell a third of your regular monthly annuity payment for certain number of years and get a lump sum amount while still getting the remaining other two thirds every month.

Finding a Buyer for Annuity Payments

An established structured settlement company can calculate the value of your annuity. They are also able to guide you through the steps and documents required in selling annuity payments. These documents include the annuity policy itself, copies of the annuity checks you have received, tax returns, etc. While there is a fee charged for this service it will expedite the process and help you avoid missteps that could cost you money.

If you cannot find any buyers willing to purchase your annuity for the price you want, consider swapping your annuity payments for an annuity you find more suitable for your needs. For example, you could swap your variable annuity payments for fixed payments using an annuity swap. The option to use your annuity as collateral for a loan may also be available to you.

How to Sell Annuity Payments

•    Contact the organization where the annuity is held or being offered as a result of winning a lottery or settlement. If you have not decided to accept the income stream yet, this is the best time to ask if the organization can pay you with a lump sum. Once an annuity has begun making periodic income payments, also known as annuitization, the process is irreversible. Accomplish the paperwork involved to take the lump sum.

•    Speak with a structured settlement company if you have already begun receiving annuitization payments. You can find many of these firms on the Internet. Explain to a representative the type of annuity you have and the current income stream.

•    Get a quote from the structured settlement company. Expect the quote to be a smaller than your annuity’s original lump sum value.

•    Look around for the best third party buyout offer. Some buyers may attempt to get your business more aggressively with a higher quote.

•    After you’ve found the buyer with the highest quote, file the paperwork with them to begin the process of selling annuity payments. It may take several weeks before the transaction is completed and you finally get your cash.

Since selling annuity payments on the secondary market results in losing so much of the lump sum value, it is best to get advice from a financial expert before choosing a lump sum over an annuity payment. Also remember that the transaction will lead significant tax consequences.