Does anyone know of a company that buys structured settlements not backed by an insurance company. I was involved in a lawsuit where an individual is required to pay me an amount of money in $100 a month payments...at that rate he will be paying me for 6 years. Its not a lot of money, but something I could certainly use. I tried qa few places to sell these payments too, but no one works with this type of situation. Hed pays me through the local county attorneys office. Any help would be greatly appreciated.
Answer1:Sounds like you should just take a personal loan and use his payments to pay back the loan.
Answer2:The problem with your transaction is the payments are not very secure. That payor could default and the investor who gave you the lump sum would not have any security/collateral to protect them from a loss. And if someone would consider giving you a lump sum, it would be at a significant discount. 50%. Options for obtaining money these days are very limited. Even secure transactions are not being funded...You could research micro loans. Ask for a friend or family loan. Virgin Money has a cool program for that.
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