Today, many Americans are struggling to pay their debt off. This debt might be in the form of credit cards, medical debt, student loans or many of the other commons sources of debt. Debt is not anything new, but it does become a problem when you?re owed money; money that you could be using to pay off that debt. A common way to pay out settlements is in the form of a structured settlement. The concept of structured settlements emerged in the mid 1950s and 1960s. It was provided as a way to extend your lump sum payment. Some people enjoyed the idea of receiving many monthly payments over one large amount of money. Today, however; this system isn?t as favorably accepted. Many people are stuck with debt and bills. The ability to pay down or to
With household income rising no more than two percent in the last ten year and credit card debt spiraling to an astronomical net increase of $57.1 billion in new credit card debt in 2014, the average American might find the new year bringing a cash squeeze. According to research, $7,200 is the average credit card balance, most American families have 13 payment cards and over 40% of home are spending more than they are earning. The result is a tight financial situation that is difficult to get out of, as living expenses continue to rise.
Those with a structured settlement or annuity, however, have a way out. You can get cash for an annuity now by selling it or your structured settlement and