So you?re the one in a million and you actually won that lottery drawing. Or, you were injured in a car accident and your lawyer was actually able to get you not only all of your medical expenses covered, but a large amount of payment for your damages too. If you fall into one of these categories, it is likely that you are receiving a structured settlement or smaller monthly payments for your pay out. It is likely that you did not receive all of your money at once. You were probably told that this was the better option, if you were even given a choice. But, what about a few years later, when your cash needs have changed, and that extra money could really help out your living expectations. You really need that extra cash, and you have no idea how to get it. This is where the idea of settlement cash or annuity buy outs comes from. In a recent American International Group (AIG) survey, 65% of the people said that they would rather have a lump sum payment instead of structured payments. Well, this is possible, even after you have already accepted the structured settlement.

The average household credit card balance is almost $7,200 today. Twenty-seven percent of Americans have no savings at all, let alone an emergency fund. This can be a scary thing, and if that emergency arises, your cash needs become important. You should be able to access your settlement cash. Accessing your settlement cash is a possibility with the option of selling them off. When you sell off your structured settlement, you are not terminating the payments; therefore, you do not have to take the penalty fees either that were outlined in your payment contract. In return, you are receiving cash for your settlement now. You can do what you please with that extra money. You can pay off your debt, or you can purchase the things you want outright with cash, avoiding expensive interest rates. Your cash needs are your business, and that is why you should have access to all of your cash, when you want to use it; not on a month by month basis.

When selling your structured settlement, you are essentially selling your settlement receipts to a third party person. This person will continue to receive your monthly payments, which will be how you will pay them back for the lump sum that they have provided you with. This is a common practice, and you are protected by laws and will receive your money.