Is It Best To Sell All or Some of My Structured Settlement?

So you see a commercial and you decide that it is time to sell your structured settlement for lump sums of cash, but you have no idea if you should sell all of it or some. We understand the dilemma.

At MDH, we talk to a lot of people who want to use the money that is owed to them, but still want the flexibility to use their payments later on. A lot of other companies will try to convince you that selling all of your settlement is the best choice. These are companies that are interested their profits.  

We see things a little differently here.  

We want to help you to make the best financial decisions for you and your family. We’ve composed a list of fantastic reasons selling your structured settlement or annuity for cash can help make your dreams happen, while still maintaining the flexibility you need.

Invest in your future. Whether it’s starting your own business or wanting to diversify your portfolio, as a financial institution, we understand the importance of making your money work for you. If the cause of your settlement or annuity makes it difficult for you to find work, then selling some it for a lump sum of cash can give you the boost you need to turn your passion into a new career.

Debt (and stress) reduction. Stress over money is one of the most pervasive and common strains on the health of Americans. If you find yourself losing sleep and in a bad mood because you worry that ends won’t meet, then accelerating your structured settlement is a great way to ensure that you will live out the lifespan of your settlement. 

Auto purchase. Auto loans are notoriously dangerous debt and to make matters worst lenders are still providing unwise subprime loans. We understand the importance of having a reliable car and the exhilaration of purchasing a new one. You should be able to enjoy that without a care.

Tuition expenses. If you or your children have decided to pursue a quality higher education, then selling your structured settlement or annuity is a smart way to focus more on the classes, instead of how to pay back the loans incurred. 

Home repair or improvement. The weather can be unpredictable and the damage it causes can be quite expensive. Whether you want to prepare for the harshness of the upcoming winter, update your house to make it more energy efficient (hint: there’s a tax incentive), or you want to personalize and modernize your home, selling your settlement or annuity for a lump sum of cash should be the first step in making your home more comfortable.

At MDH, your interests are our interests and we want to help you to make the smart financial decision. 

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