How to Get Cash for My Structured Settlement Payments - DRB Capital
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How to Get Cash for My Structured Settlement Payments

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If you are receiving structured settlement payments, you may be asking yourself, “can I get cash for my structured settlement payments?” The good news is that most structured settlements provide a lot of flexibility for recipients, enabling them to cash out some (or all) of their payments at any time. If you’ve thought, “how can I get cash from my structured settlement for a large purchase,” you may be wondering what steps to take next. At DRB Capital, we’re here to help simplify the process as much as possible.

How the Process Works

First and foremost, if you’re new to the concept of selling structured settlement payments, it’s good to familiarize yourself with the process. It may seem a bit overwhelming initially, but rest assured that if you work with DRB Capital, we take care of everything for you from start to finish. This also includes dealing with paperwork, working with courts, and presenting your request before the judge on your behalf. This helps to ensure a seamless, stress-free experience on your end.

Identify your Financial Goals

Typically, you’ll need to specify the reason why you want to sell structured settlement payments, so it’s a good idea to sit down and identify your financial goals as a first step. Perhaps you’re facing financial hardship, such as a job layoff, and you need more money upfront to take care of bills and expenses. Maybe there’s a much bigger goal you’ve been trying to save toward, and you’ve realized that it would just be easier to take care of this expense by receiving more money upfront in a lump sum. For example, you may want to use your lump sum of cash to pay for college or a new career training program, buy a new home, or eliminate debt. Specifically, determine what it is that you’ll be using your lump sum of cash for; a judge will usually need to approve this reason before granting your request to sell your structured settlement payments. This is meant to protect your best interests and to ensure that payment stream recipients are selling their payments for good reasons.

Explore your Other Options

If you need a lump sum of cash, it’s always a good idea to first explore your other options before ultimately settling on your structured settlement payments. However, it is also important to be wary of certain options, as they ultimately may end up causing more financial trouble. For example, some people turn to pawn loans and paycheck advances that routinely have expensive fees and high rate loans for their promises of quick money and large lump sums of cash.

Decide How Many Payments you Want to Sell

You may have wondered, “can I get cash for my structured settlement, but still keep some of my payments?” The answer is yes in most cases, which is one of the many reasons why structured settlements are so flexible. In fact, depending on how many payments you have remaining, the value of those payments, and the amount of money you need, selling just a portion of your future structured settlement payments may be the perfect way to reach your goal. Doing so may give you the amount of money you need upfront while keeping the remainder of your payments in a secure, long-term payment stream that you can continue to rely on for a periodic basis.

On the other hand, some people may benefit more from selling all of their structured settlement payments and receiving the maximum payout. This is also another option that may be available to you and could be a better way to help you reach your goals. If you’re unsure about which option is best suited for you, DRB Capital can help you go over your available choices and help you make a decision that you’re happy with.

Find a Structured Settlement Company to Work With

The final step in receiving cash for your structured settlement payments is to find a reputable structured settlement company to work with. There are a lot of options out there, so take your time during this process and pick a company that you know has a solid reputation for customer satisfaction. Find out how long the company has been in business. They should have a Better Business Bureau profile, review that and compare with other companies. Read online reviews and ratings. Interview a few different options before making your final choice. After all, selling your structured settlement payments is an important decision, and you’ll want to be sure that you’re choosing a company that will make the process go as smoothly as possible.

Contact DRB Capital Today

If you’ve ultimately said to yourself: “I’m ready to get cash for my structured settlement payments,” look no further than DRB Capital. At DRB Capital, we have years of experience purchasing structured settlement payments and providing recipients with a lump sum of cash. Contact DRB Capital today at 877-894-4541 to learn more or to get started with the sale of your structured settlement payments for a lump sum payout.

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