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Thursday, July 24, 2008

Selling Structured Settlement

Do you suddenly find yourself in need of money? One thing that you can do is sell structured settlement. Structured settlements are financial arrangement to resolve a personal injury claim. Since you're the benefactor, you have the right to sell future structured settlement payments so you can use it for immediate needs. Whether you need pay off your existing debts, send tuition to school or need money for house renovations, you can turn your settlement into cold cash.

However, according to an article I've read online, most state laws require that a proposed settlement factoring transaction should be in the best interest of the seller. It takes into consideration the welfare and support of any dependents, the purpose for the funds, mental and physical capacity, and potential need for medical attention in the future.


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