Relieve Your Stress By Selling Your Structured Settlement Payments

By April 15, 2019 June 7th, 2020 Structured Settlement

Are money worries getting you down? This isn’t surprising as being in debt or simply struggling to live from paycheck to paycheck harms our quality of life. We don’t get to do the things we want to do, we feel guilty if we splash out on something to make us feel better and we worry that things will never improve or even get worse.

The worst situation is, of course, being in debt. Although a level of debt is completely normal, healthy and expected in today’s society (e.g. mortgage debt or a hire purchase deal on a car to get you from A to B), many people misuse debt instruments.

The classic example is the credit card. Credit cards can be incredibly useful for assisting with cash flow and accessing special offers. They can also help you to build your credit rating if you manage them well. Sadly, too many people do not use credit cards well at all.

If you are one of the many Americans who use their credit cards to cover a shortfall in their income and then only pay off the minimum payment each month, your balance will just keep growing due to the compound effect of interest. It’s like allowing a snowball to roll downhill. Even worse, if you miss payments, you will be exposed to late fees and possibly a penalty interest rate – not to mention damage to your credit rating.


Unable to borrow from a bank, some people resort to high interest loans which can lead to further debt.

If this sounds like your life and you are a beneficiary of a structured settlement or annuity, it could be time to reassess whether the deal that was agreed is still serving your best interests. When your structured settlement was set up, your attorney and the judge will not have been able to factor in all of the life changes that were ahead of you.

One thing is for sure, you living under intense stress because of debt is not what they will have had in mind!

The Damaging Health Effects of Stress

Every day there seems to be a new health-related article blasting the effects of stress on the mind and body. The basics behind the stress reaction come from evolution. We are hard-wired to react to threats by either running away or fighting. However, our brains don’t discriminate between a physical threat (like a tiger or armed robber) and an abstract threat (e.g. becoming bankrupt or losing our home). Our bodies react in the same way by pumping chemicals like cortisone into our bodies, increasing our heart rates, diverting blood away from our stomachs and more.

The result is anxiety, high blood pressure (increasing the risk of stroke or heart attack), sleep disorders, eating problems, indigestion and more.

Financial worries can put a strain on relationships as family members fear for their security. The inability to provide for the family can lead to guilt, shame and a loss of self-esteem. We might start to feel hopeless and depressed.

If life is like this for you but you have a structured settlement that pays you lump sums or regular payments on a fixed schedule, it’s time to question whether you would benefit more from getting your hands on the cash right now.

Now, it’s not possible to change a structured settlement but you can sell the whole package to someone else. Factoring companies (aka structured settlement buyers) like New Leaf Structured Settlements specialize in this process. This is because selling a structured settlement involves liaising with insurance companies and following strict legal processes so you need a company that knows what its doing. It’s not always appropriate to cash in on your future security but sometimes it makes sense to do so and your right to do so is protected by Federal law. Every circumstance is different which is why you should take as much advice as possible before committing to anything.

If you’re now thinking, ‘great, so how do I sell my structured settlement?’ then continue reading as we explain the basic process and let you know how to get started.

What’s Involved in Selling your Structured Settlements

The concept behind selling structured settlements is quite simple. In essence you are trading your future regular payments and/or lump sums for a one-off cash payment. Of course, that payment will be less than what you would have received as the buyer has to make a profit. The deduction is known as the discount rate and the lower the discount rate, the better the deal.

At New Leaf Structured Settlements, we guarantee we will get you more money for your guaranteed or life contingent structured settlements than any of our competitors. And if we can’t provide you with at least $1,000 more we will give you $200 just for getting a quote from us.*

Although the idea of selling structured settlements is simple, the process itself can be complex. Each structured settlement is unique and different states have different laws which need to be followed to the letter (both the state where you live and the state where the annuity issuing insurance company is based).

The experienced team at New Leaf Structured Settlements is able to liaise closely with insurance companies to expedite the process but sellers also need to be prepared to fill out documentation in a timely manner. We can help with all of that.

Once the documentation is completed, there is still the small matter of a court appearance (in some states). This will allow the judge to speak directly to the seller before deciding whether or not to approve the sale.

As you might imagine, this process can take a long time. That’s why New Leaf Structured Settlements offer a structured settlement advance. This is simply an advanced payment which can be made available to sellers within 24 hours. The advance is reclaimed from your final payment once the process has been completed.

From Problems to Possibilities

When you have received your lump sum payment and eased your stress by paying down your debt, it is important to reassess your finances to avoid any repeat in the future. Money for structured settlements is like a ‘get out of jail free’ card. You need to get serious about your financial health.

There is a lot of information online about smart budgeting and it is wise to get together with your family and an independent financial advisor to ensure you never have to suffer the stress of financial difficulty again.

On a positive note, many people find that once they have cleared their debt and improved their financial habits they can start putting money aside for emergencies and investing for the future – both through savings and accessing education or training opportunities.

If you need any further information about obtaining cash for structured settlements, please call New Leaf Structured Settlements on 1-800-517 7671. We promise not to hound you like our more aggressive competitors. We respect that the decision over whether to free up some of your future security is a profound one and will support you in making a decision that is right for you.

*Guarantee available at time of writing. Please call us for latest information on 1-800-517-7671.

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