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There are many reasons to consider the sale of your structured settlement annuity. Often times the reason is simply that the annuity payments coming in over time are no longer appropriate for the needs of the recipient. For example, the structured settlement annuity could have been awarded when the accident victim was a minor, but now as an adult with a full time job they would benefit more from receiving a lump sum of money today.
Sometimes there are very specific reasons why small periodic payments do not meet the needs of the structured settlement annuity recipient, and only a lump sum can help accomplish their goals. Some of the reasons are: Buying or repairing a home. Use a lump sum to make a down-payment on your new idfc personal loan interest rate or make repairs to your existing home.
Starting or investing in a business. Use a lump sum of cash as start-up capital for a new business or to grow an existing business.
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