Sell Your Lottery Annuity Like a Boss

Sell Your Lottery Annuity
You’ve literally hit the jackpot. Congratulations! Instead of receiving a single lump sum, you’re now receiving periodic payments from your lottery annuity. Perhaps you opted for the payments because you wanted to be financially responsible by having a steady stream of income. Regardless of how you came to receive your lottery annuity, there might come a time when you could really use a cash infusion in a lump sum.

You may have incurred some unexpected medical bills or prefer to pay for your college tuition in one fell swoop, instead of taking out loans. Consider yourself lucky that you may have the option to pay cash where others accrue debt taking out loans from banks or borrowing from friends and family. Selling your lottery annuity could be the right choice for achieving financial success.

Benefits of selling your lottery annuity
Having a lottery annuity may sound like it can put you in a better financial position than those without, but you may really need a large lump sum to take care of some pressing financial obligations.

The only thing you can predict about the future is that it will be unpredictable, at times. Nobody plans to get sick or have an accident. Perhaps you and your spouse have decided to have a child; you are about to outgrow your single bedroom apartment, and purchasing a house makes sense. Here are a few reasons to sell lottery payments:

You can choose between a full or partial buyout. Lottery annuity holders can either sell their winnings for a single lump sum or sell a designated number of future payments with the potential to sell more later on. You don’t have to sell your most immediate payments either; instead, designate which years you want to sell.

• Pay off debts. If you have unexpectedly fallen ill and insurance won’t all of your medical expenses, selling your lottery annuity might be the best choice. Don’t fall victim to high interest credit cards either. With your lottery annuity, get cash and get out of debt.

• Start a business. It’s always been your dream to open up a computer repair business. You’ve been working out of your home office in your spare time, but now demand has grown and you need a shop with the proper tools and inventory. Sell your lottery annuity to get the money you need to launch your business.

Though keeping lottery annuity payments intact may seem like a financially smart option, you might find yourself in a situation where it’d be beneficial to have access to a large sum of money sooner rather than later. Sure you can take out a loan, but you’ll be paying it back with interest. Even more risky, if you miss payments, expect to be hit with penalties and fees, putting you further in the hole. The lender could turn you over to collections and damage your credit score, preventing you from securing loans and mortgages in the future. Why take any unnecessary risks when you have a lottery annuity? If you qualify, RSL Funding will work with you to give you the cash you need right now. Contact us today for a free quote to get started.