I guess I would be foolish not to say I have had at least one dream about winning the lottery. What I would do with all that money would be interesting. I wouldn't mind the payouts over a time period. At least that way I wouldn't be tempted to spend it all at once. I have seen the commercials on TV that want people to call their 1-800 number to "sell" their structured payments from lotteries and lawsuits.
I was just a bit curious and did some digging around to find out more about what "Settlement Factoring" is all about. Settlement Factoring is what the legal system calls getting a lump sum payment instead of payments over a period of time. There are companies that will do this type of work - for a fee. I also found out that some of those companies are good at ripping you off. They charge outlandish fees and take forever to get your settlement money.
A decent attorney can do the same thing for your Structured Settlement Payments. Since getting the money from your payment will take a court order why not go through an attorney in the first place. The time frame for getting everything through the legal system takes about 90 days so when you hear about getting your lump sum right away - be cautious of the claims.
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