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Structured Settlement Factoring
Have you received a structured settlement recently? A
structured settlement can be a good thing if you have been a
victim of malfeasance, have been severely injured or can no
longer physically work. Structured settlements will help you pay
bills. But what do you do if you have a structured settlement,
which is coming your way and you really have decided that you
might prefer to have the cash instead? Well, if this is the case
you are in luck because there are companies, which will buy your
structured settlement for a discounted price?
This is similar to factoring which is used in businesses,
which need to maintain their cash flows. They can sell accounts
receivables to another company as an investment and get the money
that is owed to them in advance. For instance let's say a
company, which does janitorial services for a government agency,
which are notoriously slow to pay and that government agency owes
them $30,000 for services already completed? A factoring company
will buy that check which is in the mail so to speak for $25,500
and give the money to the company now. You may say well that is
15% of the $30,000; yes it is, but if a small business does not
get the money in time they could go out of business because the
government is so slow to pay on their contract. Going out of
business is not a good thing and if it happens all the money
invested and time to build the business is out the window.
Let us say you have a structured settlement and you cash out
of the deal using the same type of company? They will get the
structured settlement money each month istead of you, but you
will have all the money up front minus a 10-15% discount on the
total money you would have received. You can then use this money
for whatever you want. Such as investing, buying a house or
buying new car, plasma TV and other things humans want to make
them happy. You see?
"Lance Winslow" - If you have innovative thoughts and unique
perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
MORE RESOURCES:
Father paved way for Street's debutDenver Post, CO - Nov 17, 2008... and Nixon Coming" — on Monday, at the Austin, Texas, offices of The James Street Group, a financial firm that specializes in structured settlements. ... |
Structured-Settlements - Google News
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