What is a structured settlement?
Filed in Structured settlements on Aug.31, 2010
I was told that I could receive a loan on my structured settlement. My suit has yet to be determined due to a compound break in three places in my wrist. And how much do these places let you borrow?
You are asking the wrong questions! You are asking for money before you’ve got it!
Structured settlements mean you may receive money, or not… then your lawyer(s) may take a share, then you may be owed money but will you get it?
Borrowing against something you don’t yet own demands a security deposit, which you might lose!
So be careful of borrowing or taking a loan on something you can’t be sure of!!
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August 31st, 2010 at 7:09 pm
It sounds like they are offerring a loan against your settlement. Unless it is an even swap.
You can get a loan of $100 against your settlement of $1,000. It’s basically a personal loan and your settlement is collateral. Or you could be talking about a loan to replace your settlement. It’s up to you, but they are going to take some of your money on the deal. You just have to decide if it is worth it or not.
References :
August 31st, 2010 at 7:48 pm
You are asking the wrong questions! You are asking for money before you’ve got it!
Structured settlements mean you may receive money, or not… then your lawyer(s) may take a share, then you may be owed money but will you get it?
Borrowing against something you don’t yet own demands a security deposit, which you might lose!
So be careful of borrowing or taking a loan on something you can’t be sure of!!
References :
August 31st, 2010 at 8:25 pm
What you are asking is can you take a cash advance against your pending lawsuit.The answer to your question is yes, sometimes you can. You would need to talk to someone regarding your case to determine whether or not it is a good candidate for a cash advance.Call us at 866.688.3532 and ask for Craig. He will be able to provide you with a more concrete answer as well as how much money you will be able to get.
References :
http://www.rescuecapital.com