Seeking Structured Settlement Transfer Approval? You Must Disclose Your Financial and Economic Situation for the Courts to Consider First. The transfer company is required to submit this information along with Continue reading Structured Settlement Transfer Approval
Recovering Lost Settlement Paperwork: Learn how to find lost paperwork! According to the National Structured Settlement Trade Association (NSSTA), if you’ve lost your structured settlement paperwork: not to worry! “Normally, if you have misplaced your paperwork, a copy can be obtained from a variety of sources. Contact the company that is responsible for administering your payments, your attorney, the company that settled your case, or the broker that assisted you with the […] Continue reading Recovering Lost Settlement Paperwork
Using Your Structured Settlement as Collateral for a Bank Loan According to the National Structured Settlement Trade Association (NSSTA) “Normally, you may not use your structured settlement payments as collateral for a loan. The reason is that the federal law designed to provide these benefits to you on an income tax-free basis also prohibits you from assigning or encumbering them”. The National Association of Settlement Purchasers (NASP) states, “That is an option, if you have good credit and are willing to take on additional debt.” The NASP also adds, “Unfortunately, few banks will take your payments as collateral. That is […]
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