TV ads are everywhere about the benefits of selling your structured settlement to get cash now. Economic times are tough-that's true- but here are a few things you should know.
1. The structured settlement is your money and it is done to make sure that you have money from your settlement coming in years after your case settles.
2. The money grows tax free with an interest rate that you can't get today at most banks.
3. When you sell all or part of your structured settlement, the companies are paying you only cents on the dollar. It is not a good financial decision and should be used as an emergency last resort.
4. If you do decide to sell your structured settlement, Maryland law requires you get independent advice-usually from a lawyer. Make sure you fully understand all the terms of what you are doing. TRY TO GET HELP SOME OTHER WAY BEFORE DOING THIS!
If you have any questions please call us at 1-800-299-HURT toll free. Or fill out the contact form on this page or any page on the website.