settlement advancement
Information on structured settlement Advancements?
Everyone always sees the commercials on television, advertising companies who will help turn your structured settlements into a lump sum. How exactly does this work? This is something I’m considering, but would like to know the gist of the process. Any info is appreciated!
You sign over the full amount from your “settlement” and they pay you a leveraged balance about 35-45% less what you would get if you just took the settlement as structured. You could talk to your bank about a loan against the settlement if you need the money quickly or even a “lump sum distribution” from the trustee that allows you to take several payments at once and then have them restart after a stated time. Good Luck!
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