Bad Credit Doesn't Affect Your Structured Settlement

Too often in life we don’t realize all of the options available to us. Take, for instance, your structured settlement. Depending on the amount of time between your payouts a structured settlement is not always the most convenient way to get your funds. A popular misconception is that having less than optimal credit can affect a person’s structured settlement. This is clearly not the case as a structured settlement is not a loan; it is a legal settlement and is not prone to a lien by creditors. Given the current financial climate having the funds on hand immediately is preferred when you consider the possibilities of what you could do with the money.

Paying down your debt is the only way to improve your credit and selling your structured settlement could be the key to financial stability. Whether you are going to use the cash lump sum to pay down off your credit cards or avoid foreclosure you should be reaping the benefits of your structured settlement not the insurance company. By cashing in your structured settlement you can pay off your debts now and invest the remaining funds to start earning interest for you.

Working with the company that is buying your structured settlement for a lump sum has some benefits. For example, they can custom tailor the package to suit to your needs and goals. They can often work directly with creditors, child support and bankruptcy agencies on payment plans or pay offs. And your questions are answered right away.  It is important to remember that the money is already legally your property. You are just using it in a way that better suits your needs.

It’s also not necessary to sell you entire settlement. You can sell only part of your settlement, maintaining some of your scheduled payments and have an influx of cash for your immediate needs. Cashing out your structured settlements can give you more financial freedom which is something everyone can use.

Getting the correct information is the key to solving financial issues. Knowing what your rights and options are the best way to start. With Rescue Capital, we realize that selling their payments isn’t for everyone. Let us discuss your situation and provide you with the best options for you. There is no reason not to be putting all or part of your structured settlement to work for you.