There may be several reasons for wanting to cash lump sum for structuredsettlementscashfor.blogspot.com/" title="cash for structured settlement">structured settlements. We recommend that cash to pay their medical expenses, or if you want to pay university fees, you want to pay the debt or you can find some urgent expenses, whatever the motivation for a fact that most people would rather get a lump sum cash time compared with small monthly or yearly.
But the problem is that all companies that buy structuredsettlements> discount rates exorbitant fees. The national average for the purchase of these settlements, which is 19%. Companies argue that the purchase of huge risk because you can not guarantee that the company pays to survive for 15-20 years and continue regular payments.
When looking at the numbers after calculations you will realize that the purchasing company is removing most of its settlements. For example, suppose you are supposed to receive $ 200Kthe next 10 years, which is $ 1k per month. With a discount rate of 19% which equates to about $ 112K. This means that the purchasing company will receive almost $ 88,000 more than the payment, which represents almost 44% of gross payments!
If you sell your solution to a rate of 12%, you get about $ 140k, which is almost $ 30K higher than the national average of 19%. So it is in their interest to negotiate the best deal. Trying to sell your structured settlement no more10-12% otherwise you will lose a large sum of money. This is where factoring companies are headed in the future.
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