Article provided by: WePayMore Funding LLC
In the state of Texas, personal injury cases, wrongful death cases, and medical malpractice cases happen all the time. While people’s lives are often flipped upside down in an instant when these kinds of cases occur, the system isn’t very good about speeding up the settlement and or trial processes. It can take up to three years for a case to make it to trial in some instances, and who knows if you’ll even be alive by then! Maybe that’s the point!?
Texas structured settlements are routine as many cases are settled this way in the Lone Star State. On the one hand, the at-fault party’s insurance is happy to give you a structured settlement. They know that it would cost them more to take the case to trial or to have to pay you everything up-front. Individuals accept structured settlements (often begrudgingly) because they just want to end the process and get on with their lives. Still, they often find that they are not happy with the results.
Let’s take a look at the pros and cons of Texas structured settlements so you can determine if you would like to keep it or sell it. Yes, that’s right; you have options. You may opt to sell your structured settlement to get a lump sum of cash all at once. These types of transactions can also be structured in a way that you get to keep a portion of your settlement. In other words, you only sell part of the settlement.
Pros and Cons of Structured Settlements in TX
To be certain; structured settlements are not always bad deals. Sometimes, people receive favorable structured settlements whereby the terms of the settlement allow them to receive a smaller lump sum of cash up-front, and the rest of the settlement gets paid out monthly or quarterly. A structured settlement can ensure that you have monthly, annual income throughout the foreseeable future. This is important for people who have been severely injured and may be out of work permanently and battling for disability benefits.
The downside of structured settlements is that you can’t get your money when you need it. Instead of getting the whole bucket of water all at once, you have to settle for a trickle here and there until the bucket is empty. The good news is that you can sell your structured settlement if you want to. That’s what we do at We Pay More Funding – we buy structured settlements in TX.
You know your situation better than anyone else. Therefore, you should do some soul-searching to make a choice as to whether or not you want to sell your settlement. If you decide to receive a quote, contact We Pay More Funding. We promise to beat any other quote that you get from our competitors. Whether you decide to keep or sell, we can at least educate you about the process and inform you of all of your options.