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What are structured settlements?
How to sell a structured settlement payment
Finding a buyer of structured settlement payments
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Get cash for a structured settlement payment
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« July 31, 2006
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If you received an award in a personal injury case, you may have opted to receive a series of periodic structured settlement payments rather than receiving a lump sum of cash up front. The payments are usually received as a...
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Rethinking Structured Settlements
Structured settlements have been around for a long time, our site has been a resource for those looking for information in different states and during different periods. New legislation may take some of the profiteering out of selling structured settlements and along with governmental leadership there are a few dos and don'ts that everyone should know.
Note: This is just the first half of our suggestions for Structured Settlement reform, more to come later this week.
- Introducing a government assisted educational track for tort victims might help them decide on a long term plan instead of going directly to settlement payments.
- New laws creating stricter regulations on advertising structured settlements, this could go hand in hand with educational options
- When it comes down to it we might just need some better leadership from the Better leadership from the NASP (National Association of Settlement Purchasers) who are sponsoring all of this confusion and harmful profiteering, there is certainly room for education and profit in the industry and a wise company leader could step up to assume that role. this might also tie into voluntary educational assistance programs or semi-settlements which offer a lump sum along with a partial payment (so settlers aren't completely helpless if they spend their money)
- Development of a NASP (national association of settlement purchasers) website that could help to inform and update the public. Right now there is nothing above the fold on Google for the search "NASP" that even relates to structured settlements (NASP is a very common acronym).
If you have ever considered getting cash for your structured settlement, you may first want to contact a lawyer and financial advisor. There are specific regulations in most states that restrict the sale of structured settlements. You will also need...
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