Most people feel that the structured settlement payments they receive are just not beneficial to them. Instead of receiving smaller amounts over a longer period of time, it would be better for them to receive a lump sum amount. Selling your annuity payments can provide ease and flexibility so you can spend your money strategically. There are many reasons why people opt to do this.
Ways to Spend Your Money
The majority of people who opt to sell structured settlements usually prefer to receive a lump sum amount. Many people have a pressing fiscal emergency, because of which they decide to sell their structured payments.
For instance, sellers can use the lump sum of cash to make a significant life purchase, such as a house, car, or an investment in their business. Some may also want the money to pay their medical bills. Lump sum payments make it easier for people to buy what they want instead of saving up monthly payments over a long period of time.
Buying a House
Whether you are single, married, or starting a family, buying a house is probably the biggest fiscal investment you’ll ever make in your life. Realistically, it means you are putting down roots, and after years of paying rent, homeownership can be a significant investment.
Undoubtedly, the biggest hurdle in buying a house is the upfront down payment. However, if you decide to sell your structured settlement, you can easily pay the down payment or even buy the house in full.
Buying a Car
Whether you are buying a new car or trading in an old one, there are going to be upfront costs associated with such a big purchase. When you sell structured settlements, you will free up a decent amount of money that you can use for your purchase.
Contact WePayMore Funding LLC for more details.
