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The structured settlement annuity is offered by the insurance company who insured the party responsible for the injury as a way to compensate the personal injury claim victim without paying a lump sum abfl personal loan apply cash up-front. Sometimes a structured settlement annuity is better for the victim at the time of their accident, but often the victims circumstances change and they may need a lump sum today. The recipient of a structured settlement annuity will receive these periodic payments tax free from the insurance company.

Structured settlements benefit the personal injury victim by insuring they receive a steady stream of future income, which is particularly important for minors or victims who have had life altering injuries and may be unable to earn income over their lifetime.

Why Sell my Structured Settlement Annuity. 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 abfl personal loan apply 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.

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However, once you have repaid your debt to your lender in full, this will be reported to the credit agencies and the negative remark will be removed from your credit history.

Some of the lenders in our network participate in what is known as automatic loan renewal. Simply put, if your loan is beyond a specific amount of time past due, your lender will rollover your loan. This may be offered to you in addition to options like repaying your loan in full at a later date or repaying your debt in installments over time. The minimum term for an automatic renewal is 15 days and you will likely be required to pay renewal fees and additional interest charges.

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