Category: Financial Advice

When and Why to Sell a Structured Settlement Clarkgym1 Comment


It hasn’t always been possible to sell a structured settlement. As long as there have been lawsuits, individuals have been encouraged to settle out of court, being awarded a lump sum in exchange for their complicity in not drawing a case out in a courtroom. In the 1970’s it became common for these settlements to be paid out at intervals, over time. This is the “structure” in structured settlement. It was seen as a way to further insulate vulnerable people from predatory practices, or their own spending impulses.

Gradually, structured settlements became the norm for cases settled out of court. Plaintiffs were supposed to be given the option, but many reported being strong-armed into taking a structured settlement, sometimes from an insurance company they had no say in hiring. In some cases, these companies would liquidate, leaving individuals with drastically reduced settlement payments and little legal recourse, and even fewer resources to pursue legal actions that were available to them.

Many of these individuals were still feeling the pinch of the problem that led to the lawsuit in the first place. Some faced long term hospital stays, disability, and loss of income. A gradual payment structure wasn’t sufficient to…

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By : Adam | 4 Dec 2014
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Saving Money on Your Bills

By : Adam | 3 Dec 2014

Paying bills is fact of life and sometimes depending on different circumstances, it can be very difficult to meet your repayment obligations. If you are finding it difficult to pay your bills, there are numerous things you can do. If you are in dire need …

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How to Pay For Your Lawsuit

By : Adam | 2 Dec 2014

Lawsuits are one of those things that most people know nothing about until they are involved in one. People sue for all kinds of reasons, but the situation nearly always involves some kind of emergency. Because over half (of Americans, at least) of surveyed respondents …

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Find the Best Finance Education in Manchester

By : Adam | 19 Nov 2014

It’s almost the end of 2014 and students everywhere are finally turning their minds away from high school and looking forward to what’s to come at college. If you’re one of those students that has settled on doing a business degree, then your next choice …

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When Can I Afford to Take a Vacation?

By : Adam | 12 Nov 2014

This is a question I found myself asking. I work hard. I spend a lot of my days at a computer, on my grind. Weeks, months, years pass by in this mode of existence featured very prominently in my day to day. I’m married and …

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5 Things You Are Probably Overpaying For

By : Adam | 7 Nov 2014

Most of us hate overpaying for anything. Yet we do this all the time without realizing how much money we are throwing away. Below is a list of five things that you are probably overpaying for, along with some simple steps to reduce their costs. …

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The Five Stages of Fees

By : Adam | 28 Oct 2014

Getting charged a fee—especially a massive or unexpected one—can be an emotional experience. So when fees happen to you, it’s important to understand the five stages of fees. Denial The easiest way to first deal with fees is pretending they don’t exist. Fee? What fee? …

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