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Structured Settlements - Purchasing a Structured Settlement
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Posted On :
Nov-05-2011
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Article Word Count :
458
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Structured settlements are becoming common these days and one can find many such deals even on the internet.
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Structured settlements are becoming common these days and one can find many such deals even on the internet. One of the main reasons the structured settlement trend is becoming common is because of its regular promise of cash flow.
There is no lengthy definition for the term structured settlements, as one can refer to it to be a consistent sum of money being credited to the receiver on a periodic basis. This basically takes place mostly between a company and a person, although there are other instances as well. The amount and the terms of payment are settled by the court, often as a judgment resulting from a lawsuit or injury claim. You may have also noticed that some people become instantly rich these days when they strike a claim against an organisation. They are often awarded structured settlements which they choose to receive in full lump sum structured settlement.
But there is a twist in this type of settlement, as although the amount or compensation can be massive, the amount is provided to the person in small increments over a long period of time. Here the receiver of the compensation enjoys a regular income stream but there can be circumstances where the recipient may be in need of a larger amount than the periodic sum received through structured settlement money. This is the time when he/she decides to sell the structured settlement deal to anyone who is ready to pay the remaining sum of money in a lump sum deal.
It is a wise decision for this person selling off the structured settlement and a great source of income for the person purchasing it. Once the transfer is done through the frame of the law, the purchaser shall become the worthy receiver of the structured settlement. Thus structured settlement sale are never a bad deal to purchase, but still it is wise to research and be careful before taking any such step.
There are many frauds out there who are ready to purchasing structured settlement who are willing to provide you with a lump sum payment soon as possible, so be careful because this is not possible. The transfer of structured settlement documents is a lengthy process and it can indeed take some time.
No doubt this is a fine method of earning a consistent stream of income over time but there is always a need of being on the lookout before taking such a big financial step. Take my advice, buy structured settlement from a trustworthy party only, and that can be through the internet or a structured settlement broker agency, and see the changes in your income pattern. This is certainly a revolutionary concept for many people.
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Article Source :
http://www.articleseen.com/Article_Structured Settlements - Purchasing a Structured Settlement_100511.aspx
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Author Resource :
Curt Matsen, CPA is a successful entrepreneur who started his business after being awarded a structured settlement resulting from a career ending injury.
Check out Structured settlement transfer and Structured settlement attorney
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Keywords :
Structured settlement transfer, Structured settlement attorney, Structured settlement broker, Buy structured settlement,
Category :
Finance
:
Personal Finance
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