Sell Your Structured Settlement Payments: Benefits, Drawbacks, and Tips
Sell Your Structured Settlement Payments: Benefits, Drawbacks, and Tips If you are receiving payments from a structured settlement, you may have considered selling some or all of those payments for a lump sum of cash. This can be a tempting option for many people, especially if they need money quickly or have pressing financial obligations. However, selling your structured settlement payments is a significant decision that should not be taken lightly. In this article, we will explore the benefits and drawbacks of selling your structured settlement payments and provide you with some tips on how to make an informed decision. What is a structured settlement? First, let's define what a structured settlement is. A structured settlement is a type of legal settlement that is paid out over time. Typically, structured settlements are used to settle personal injury or medical malpractice lawsuits. Instead of receiving a lump sum of cash, the plaintiff (the person who filed the lawsuit) rece