Many people that are currently receiving a stream of monthly structured settlement payments do not realize that it is possible to sell all or a portion of their payments for a lump sum of cash. Access to these funds could provide funding to meet the current life needs of one's family instead of waiting for a future stream of inflexible payments structured over a long period of time. This process of entering into a contract to sell ones legal right of receiving future structured payments to settlement companies in exchange for the present value of the money is called factoring. A large number of companies now offer cash for a structured settlement payment. When evaluating your options, try to work with financially sound companies that are competent and ethical. These factors are important considerations to note of when you compare the knowledge and integrity of a company or corporation as well as their dollar offers.
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