Opportunity Awaits: What You Can Do With the Money From Your Structured Settlement

selling a structured settlement

Did you know that there are more than 37,000 Americans who use structured settlement money each and every year? If you’re one of them, you should know that you can sell your structured settlements. This money can help you do some amazing things, considering the fact that the average structured settlement payout is $324,000.

Here are just a few of the things selling a structured settlement can help you do.

Overcome Debt
America is in debt. In total, U.S. consumers owe about $11.85 trillion, a 1.7% increase from last year. They owe $890.9 billion in credit card debt, $8.17 trillion in mortgage debt, and $1.19 trillion in student loans — a completely, and utterly unfathomable amount. Selling a structured settlement can help you get out from under this debt, and put you on the path to financial wellness.

Seize an Opportunity
When an opportunity appears, you need to be able to seize it, lest it get away. Unfortunately, opportunity is expensive. An Ewing Marion Kauffman Foundation study from 2009 estimated that the average cost of starting a new business is about $30,000. Not everyone has tens of thousands of dollars lying around to invest in a business. What you may have, though, is your annuity settlement, which you can sell to gain funds to invest in a business opportunity.

Get What You Need
Having no debt is not the same as being financially safe. Just because you have enough to pay off your loans does not mean you have enough to get ahead. Selling a structured settlement can help you get there though. With that money, you can afford to get a new car, fix up your home, and take care of whatever else you need to do.

The fact of the matter is that this is the smart thing to do. Just ask the 92% of claimants who have sold their structured settlement, and are satisfied with their decision. If you have any questions about selling structured settlements, feel free to share in the comments.

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