Many people receiving payments from a structured settlement rely on these funds to pay general living expenses. The money received from selling fixed lottery payments also helps out. But what happens when life throws you a curve ball and the money you are receiving simply isn’t enough?
Maybe you need a large lump sum of cash to cover an unexpected expense. Or perhaps you want to put your settlement funds towards making a career change or starting a business. Others may need to cash in their settlement funds to get out of debt. No matter what your reasons are for needing access to your structured settlement payments, RSL Funding may be able to help you get back on track.
Here are some examples of clients who took charge of their finances by selling their structured settlement payments.
Going Back to College
Agnes* always had dreamed of being a physician’s assistant, but when she became pregnant in high school; she chose to raise the child, putting her education on the back burner. She managed to ascertain her GED, but worked the graveyard shift at the local convenience store to make ends meet. With nearly all of her income going towards basic necessities, the one thing Agnes treated herself to every week was a lottery ticket. After years of playing, luck finally smiled on Agnes and she hit the jackpot. Agnes decided to take her fate into her own hands and called RSL Funding to get her funds converted into a lump sum of cash. Now she has enough to cover tuition expenses and child care. Agnes has since earned her Associates degree at the local community college and has enrolled in a well-known university to complete her Bachelors.
Starting a Small Business
From a young age, Stella* displayed a rare gift for working with clay. She developed her craft as she matured, and grew into one of the most successful potters in her region. At the height of her career, she was in a car accident and sustained injuries to both her hands. Though she was lucky enough to regain some mobility, she would never again be able to regain her strength. After winning a structured settlement in court, she decided to share her talent with others by opening an art studio. Stella decided to contact RSL Funding to sell her settlement funds to get the money to rent space and purchase more potter wheels, clay, and materials. Instead of working with clay exclusively, now Stella is shaping and molding students into a new generation of potters.
Keeping a Home
Hard times had fallen on Jason*. As a general contractor, business was booming until the housing bubble popped a few years ago. Though business is just now starting to turn around, he’s behind on his mortgage—on a house he built for family. He held out as long as he could, but his savings became drained and he’s received another notice from the bank. He missed his mortgage payment for the second month in a row.
Several years prior, Jason was named as a beneficiary of a non-qualified annuity and had been receiving monthly payments, but nowhere near enough to cover his mortgage.
Instead of letting the house he built with his own two hands slip into foreclosure, he decided to do something about it. A friend recommended RSL Funding and said the company could help him get out of debt by purchasing his non-qualified annuity. So Jason made the call. After a few weeks, Jason was back in the good graces of the bank and paid off his mortgage completely.
By reaching out to RSL Funding, you can join the ranks of people like Agnes, Stella, and Jason by cashing in your future payments. Don’t stay up late worrying how to get on the path of financial success. When you’re ready to make the change, contact RSL Funding for a free quote.
*Names have been changed.
