Why Sell Your Structured Settlement and Annuity Payments

selling annuity payments

Structured settlements and other forms of annuity payments are very useful financial products.

With them, you can spread income through a repeating series of payments.

For many people, annuities allow them to balance their finances and ensure financial stability in the long term.

Sometimes, however, unexpected things happen in our lives. This is particularly true of finances.

When accidents happen and bills need paying, there really are no two ways about it. In such a situation, the income you receive from your annuity may not be enough for what your current needs are. 

Luckily, if you find yourself in such a situation, you still might have options. One of the best options you have is to sell your annuity payments.

Ally Lawsuit Loans can help you by giving you cash for your annuity payments. We can also serve you as a structured settlement buyer.

By selling your annuity payments to Ally Lawsuit Loans, you can take care of whatever your imminent financial needs are.

To reach out to a member of our team, please call (844) 277-1772 or contact us online today.

How Do Structured Settlement and Annuity Payments Work?

Not everybody knows about annuity payments and structured settlements. This is because, unlike a credit card, an annuity isn’t something we typically encounter in our day-to-day lives.

If you find yourself on this page, someone might have already offered you an annuity or a structured settlement, so it is important to know how they work.

Annuities in General

Structured settlements are a form of annuity, so it is helpful to understand annuities in a general sense before going into structured settlements. 

At the macro level, an annuity is a contract between two parties. In the agreement, one party agrees to hold onto the assets of the other party and distribute those assets at set intervals.

The assets are either transferred through a one-time payment or through periodic payments such as a percentage of a person’s paycheck. 

Often, the party holding on to the assets agrees to invest the assets while they are in their control. This is typically what happens when workers pay into a 401k or other sort of retirement fund.

They set up annuity payments for when they retire, thus ensuring stable income aside from social security or other government-funded retirement income.

As with most contracts, the structure of the annuity is fairly open. As a result, annuities can come in many different forms.

Structured Settlements

A structured settlement is a specific type of annuity. Structured settlements arise out of claims in civil court. One party ends up owing another party for damages they caused them.

Although litigants always have the option of recovering their damages in a lump sum, they can alternatively recover their damages at regular intervals by negotiating a structured settlement.

If that happens, the defendant will owe the plaintiff a specified amount of money at whatever interval they agree to.

How Can Selling My Annuity Payments or Structured Settlement Help Me?

As we noted earlier, life is unpredictable. You may have negotiated a structured settlement or set up annuity payments for the future, but things change.

Getting cash for annuity payments now helps you maintain financial flexibility. With that flexibility, you can take care of whatever your immediate financial needs are.

Some of the most common things that people use their money for are:

  • Paying bills,
  • Starting a business,
  • Buying a house, and
  • Paying for school.

You may still wonder, why sell my settlement payments? Won’t I lose money? Although you will often receive less money in the end by selling your annuity, that loss is often offset by the benefit of having cash in your hand now.

To illustrate this, read through the following examples.

If you have questions or would like to know more about working with Ally Lawsuit Loans to sell your annuity payments, reach out to our team today.

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If you are interested in selling your annuity payments or structured settlements, Ally Lawsuit Loans can help.

Pay Bills

If your bills are starting to pile up, it is often difficult to dig yourself out of a financial hole. As more bills come in and remain unpaid, they gain interest.

Sometimes, as with credit card debt, that interest is no small sum. Regardless of what bills you have to pay, selling your annuity or structured settlement payment can help you dig out of the financial hole.

Often, in the end, you will save yourself from paying a lot of interest in the future by taking advantage of selling your annuity payments.

Start Your Own Business

Owning a business is a significant part of “The American Dream” and our shared national heritage. After all, the wealth of our country was built by business owners.

Even our founding fathers themselves were business owners. Getting your business off the ground, however, can take a lot of money.

If you don’t have the resources to start your business, you might consider a business loan. Like other loans, a business loan will have an interest.

If you have a structured settlement or annuity, however, you can get your business started now without losing a lot of money to interest on a business loan.

Put a Down Payment on a House

Like starting a business, buying a house is expensive. Nevertheless, buying a house is typically a financially prudent decision. Real estate tends to grow in value pretty consistently.

Like other loans, mortgages have interest rates. As a result, in the end, you may pay six figures more for your house than you initially thought.

The more you can put into your down payment, the less interest you owe. Thus, selling your structured settlement or annuity payments to help bolster the down payment on your home can save you a considerable amount of money. 

Pay for College

Like everything else in this list, college is quite expensive. Student loans are doubly so. You may have a child or grandchild that you want to help put through college, or you may want to go to college yourself.

A college education will usually pay for itself in increased income over a lifetime, so college is a good investment.

Whether you are saving for college for yourself, saving for someone else, or just want to pay off your student loans, selling your annuity payments can help you reach that goal.

How Do I Sell My Structured Settlement or Annuity Payments?

If you are interested in selling your structured settlement or annuity payments, Ally Lawsuit Loans can help.

We aren’t just a lawsuit loan company; we also pay cash for structured settlement and annuity payments. We are an industry leader in all sides of our business, and we offer the best rates in the industry.

We also ensure that we get our clients the money they need as quickly as possible. We know that life doesn’t wait, so you shouldn’t have to wait either. We can buy your annuity payments in a lump sum or buy part of them.

Whatever your needs are, we are here to serve them. Get in touch with us online or call(844) 277-1772 to get started today.

Can an Auto Accident Passenger Apply for a Lawsuit Loan?

| Read Time: 4 minutes

If you were in a car accident as a passenger and did not cause the accident, you are entitled to compensation for the damages you suffered. Your medical bills, any lost wages, and physical pain and anguish are all recoverable damages after a car accident. All you have to do is seek the right compensation from the right party. Sometimes you can recover the entirety of the damages you are owed by filing a claim with the responsible party’s insurance provider. However, this is not always the case. You may need to file a lawsuit to fully recover the damages you suffered. Insurance policies cover only so much. If your damages exceed the responsible party’s insurance limits, you probably need to file a car accident passenger lawsuit to recover those damages. Lawsuits Can Take a Long Time: A Lawsuit Loan Can Help You Weather the Storm Lawsuits aren’t typically resolved overnight. If you are struggling financially due to the extra expenses of the accident, this can pose a major problem. Knowing that individual plaintiffs often face financial struggles, powerful parties—including insurance companies—sometimes try to exploit those struggles. They do so by making settlement offers that don’t fully compensate you for your total damages. When they do this, they are betting that you are in such a desperate financial situation that you will accept any offer they make.  With a car accident lawsuit loan in your pocket, however, you can weather the financial storm. You can take care of your immediate financial needs and hold out for the best possible offer. That way, you get—as a passenger in a car accident—the compensation you deserve. We at Ally Lawsuit Loans offer some of the best car accident lawsuit loans in the industry. At Ally, we want you to have the information you need to make an informed decision, so we put together this quick guide to help you decide whether a car accident passenger lawsuit loan is right for you. Requirements Anybody who applies for a loan has to meet certain criteria. The same applies to lawsuit loans. Lawsuit loans, including those for car accident passengers, have different requirements from other loans like car leases and mortgages. For those more traditional loans, you need to show that you can pay the loan back by proving your income, total assets, etc. In contrast, the requirements for applying for a lawsuit loan are much simpler. To qualify for pre-settlement funding with Ally Lawsuit Loans, all you have to do is submit one simple application. We don’t ask for your employment or credit history because this information is irrelevant for our purposes. Instead, aside from your contact information and your attorney’s name, you need to show us just two things on your application: You currently have an attorney working on your behalf andYour lawyer has, at the time of your application, filed a lawsuit in court. That’s it. All you have to do is prove to us that you are currently filing a car accident lawsuit against the responsible party with the help of your attorney.  When we review your application, we will contact your attorney, verify the details of your case, and gather more information. To decide whether we can give you a loan, we look at your case’s chances of success. We use this information, along with the total damages sought in your case, to determine how much we can loan you. A lawsuit loan can never exceed the maximum potential award.  How Do Car Accident Lawsuit Loans Work? Now that you know how to apply for a lawsuit loan and how it can benefit your claim, we need to go over how these loans work. Unlike a traditional loan, taking out a lawsuit loan is a relatively risk-free proposition. Let us explain why. Recourse versus Non-Recourse Loans We can set lawsuit loans apart from other, more traditional types of loans by explaining the difference between recourse and non-recourse loans. Recourse loans are the types of loans we noted above: mortgages, medical loans, and automobile leases. When someone defaults on a recourse loan, the lender can seek repayment by seizing or otherwise repossessing almost any of their assets. That’s because with a recourse loan the collateral is the entirety of a person’s wealth. The same is not true when it comes to lawsuit loans, which are a form of non-recourse loans. Unlike recourse loan agreements, non-recourse loan agreements lay out specific items or assets as collateral. In the event of a default, the lender can seek repayment only through those specified assets. With a lawsuit loan, the specific item of collateral is the lawsuit’s eventual settlement or jury award. That means that if you lose or fail to settle your case out of court, the collateral ceases to exist.  Thus, the practical result is that if you lose your case or fail to settle it out of court, you won’t have to repay your lender. This is why lawsuit loans are relatively risk-free. Apply Today with Ally Lawsuit Loans If you want to take care of your immediate financial needs and press on with your case until you get the settlement you deserve, get in touch with us at Ally Lawsuit Loans today. At Ally, we pride ourselves on being one of the nation’s leading pre-settlement funding providers. There are a lot of lenders out there, and shopping for a loan is a daunting task. Even after filling out multiple loan applications, you will have to go through any proposed loan agreement with a fine-toothed comb. Unfortunately, not all pre-settlement funding companies are straightforward about their services. It is not uncommon for a borrower to discover hidden fees and exorbitant interest rates after they sign the loan agreement. At that point, the damage is done. If you want to skip the hassle of shopping around for a lawsuit loan, Ally has you covered. We offer the lowest interest rate in the industry, guaranteed. So if you see a better deal, we’ll match it. […]

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Do You Need Documentation for a Lawsuit Loan?

| Read Time: 4 minutes

If you find yourself on this page, you’re probably considering taking out a loan. It’s a big financial decision—one that you should not take lightly. It helps to know the ins and outs of loans in general before making a decision. You’re already aware that Ally can provide you with a lawsuit loan. Still, you may wonder, What exactly is a lawsuit loan? How do they differ from other loans? Furthermore, what sort of loan documentation will I need to take out a lawsuit loan? These are all good questions to ask before taking out a lawsuit loan. If you have any of these questions, this guide is a good place to start. Here, we will explain lawsuit loans in general, how they differ from other sorts of loans, and how you can apply for one today.  Differentiating Between Recourse and Non-Recourse Loans To understand the difference between typical loans and lawsuit loans, let’s split loans into two categories: Recourse loans andNon-recourse loans. To qualify for either of these loans, you have to show different forms of loan documentation. When we talk about recourse loans, we are discussing typical loans—things like mortgages, automobile leases, and even payday loans. Conversely, when we talk about non-recourse loans, we are usually referring to lawsuit loans specifically.  What Exactly Is Different About the Two Types of Loans? We can identify two basic differences between recourse and non-recourse loans. The first difference is how they address questions of default and collateral. When someone defaults on a recourse loan, the lender can seek repayment of the loan by whatever financial means are necessary. The entirety of your assets is the collateral in this situation. This means that if you default on a recourse loan, your lender can repossess your home, seize assets like automobiles, jewelry, or investment products, and even garnish your wages until the debt is paid off. Non-recourse loans—including lawsuit loans—are fundamentally different. Non-recourse loan agreements lay out specific items of collateral. Whatever the parties agree to, that’s the collateral—no more, no less. With a lawsuit loan, the collateral in question is your eventual settlement check. The most notable practical implication of this feature is that if you lose your case or fail to settle out of court, there is no collateral because it no longer exists. Thus, if you find yourself in this situation, you won’t have to repay your lender a single cent. The second difference lies in the documents you need to submit to qualify for the loan in question. We will cover both so that you can make the most informed decision on what is best for your specific situation. Recourse Loans: What Documents Do You Need to Apply for a Loan? Regardless of whether it is a recourse or a non-recourse loan, loan documentation serves the same purpose: it shows the lender that you can pay back the money they lend you. With that said, recourse loans typically require much more loan documentation than non-recourse loans, including things like employment verification, income verification, and a breakdown of all assets and liabilities. The more money you want to borrow, the more documentation you need to provide to the lender.  Non-Recourse Legal Funding: What Documents Do You Need for a Loan? Qualifying for non-recourse legal funding requires significantly less documentation than qualifying for a typical recourse loan. Usually, you need to provide documentation that verifies just two things: That you do have a lawyer andThat lawyer is currently representing you in a civil claim. Basically, on your loan application, you include your own personal information, a bit of information about the case, and your lawyer’s contact information. Then, we at Ally Lawsuit Loans get in contact with your lawyer. We verify that they are currently representing you, and we seek additional information about the case.  The additional information we seek from your attorney typically includes your case’s chances of success and an estimate of your settlement’s value. Thus, at the end of the day, the only documentation you need to submit to secure a lawsuit loan is the information requested on your application. There is no additional documentation necessary. Ally Lawsuit Loans Offers What Others Lenders Don’t Once you have decided to take out a lawsuit loan, you need to find the right lender. Shopping for lawsuit loans, however, is a pain. On top of the multiple applications that you will need to submit, you will have to review the loan offers as they arrive. Loan agreements are notoriously dense legal documents, so parsing through them takes time and it’s easy to miss minor details. Those seemingly minor details often include hidden fees and interest rates, which, at the end of the day, could cost you a lot of money. Luckily, you don’t have to shop around. At Ally Lawsuit Loans, we offer pre-settlement funding to all our clients with this promise: Never pay us anything if you lose your case,Application approval within 24 hours, andThe lowest interest rate in the industry guaranteed. With our three-part promise backing your lawsuit loan, you don’t need to worry about finding a better deal elsewhere. Furthermore, you don’t have to worry about hidden fees and interest rates. Our loan agreements are always clear and straightforward. If you have any questions or are ready to get started, get in touch with Ally Lawsuit Loans today!

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Jones Act Lawsuit Loans

| Read Time: 4 minutes

If you are filing a lawsuit under the Jones Act, first of all, good for you. Your effort to stick up for your rights will help not only yourself but also others. A lawsuit can go a long way toward dissuading powerful parties from steamrolling the rights of everyday citizens. As lawsuits run their course, plaintiffs can all too easily find themselves in a financial bind. If you’re filing a lawsuit, you not only have to pay the extra expenses related to your legal action, you also have to keep up with your normal household expenses. Couple this with the fact that it is impossible to predict when your case will settle, and you can see how some seemingly minor financial issues can spiral into major ones. Luckily, there is a way to bridge the financial gap between now and when your lawsuit eventually settles: a lawsuit loan from Ally Lawsuit Loans. At Ally, we offer financing in many different civil claims, including those made under the Jones Act. For plaintiffs, lawsuit loans can take a seemingly out-of-control financial situation and make it manageable. What Does the Jones Act Do? The Jones Act is the common name given to the Merchant Marine Act of 1920. The law established certain regulations surrounding the maritime shipping industry in the United States. Aside from the individual protections that the Jones Act provides, which we will cover below, it contains many other provisions. Notably, the Jones Act requires ships that move goods between U.S. ports to be owned, built, and operated by permanent U.S. residents or U.S. citizens. For our purposes, however, we’ll focus on the protections the Jones Act provides to covered individuals.   What Individual Protections Does the Jones Act Offer? The individual protections contained in the Jones Act apply to seamen. Seamen, for the purposes of the Jones Act, are individuals who are actively engaged in employment on a ship covered by the Act.  The Jones Act extends the protections in the Federal Employers Liability Act to all workers covered by the Act. In addition, the Jones Act gives employees the right to file a personal injury lawsuit against their employers. Thus, if you are hurt while working as a seaman covered under the Act, you can sue for damages as you would with any other employer. How Much Are Typical Jones Act Lawsuit Settlements Worth? As with any personal injury claim, there is no real average amount that we can point to when it comes to Jones Act lawsuit settlements. Since every injury is different, the value of a given claim depends entirely on that claim’s specific facts and circumstances. The best you can do to estimate the value of your claim on your own is to add up all the economic damages you suffered. Essentially, this amount includes any extra monetary expenses you faced as a result of the injury. That will give you a starting point, but there’s a lot more that goes into determining a settlement amount than your extra expenses. In particular, non-economic damages come into play. The only effective way to get an accurate estimate of your claim’s value is with the help of your attorney. How Do Jones Act Lawsuit Loans Help Me Get a Better Settlement? A lawsuit loan from Ally can help, not only by alleviating immediate financial pressure but also by helping you get a better settlement. How does this happen?  At a basic level, having a lawsuit loan in your pocket is an asset in negotiations. Powerful parties often come to the negotiating table with repeated lowball offers. The bet they make is that you’re in a tough spot financially and need money now. Because you need money now, you’re more likely to accept a lowball offer. But, at the end of the day, the lowball offer doesn’t get you where you need to go.  With a lawsuit loan in your pocket, you have the time to let the defending party make all the bogus settlement offers it wants. You don’t need to accept them because your immediate finances are taken care of. Eventually, the defendant will come to their senses, realize you won’t accept anything less than what you are entitled to, and start negotiating in good faith. That’s just one way a lawsuit loan helps you get the most out of your settlement. How Do I Qualify For Jones Act Lawsuit Funding? Qualifying for Jones Act lawsuit funding through Ally Lawsuit Loans is a quick, straightforward process. All you have to do to get started is fill out one simple application. But before you fill out the application, you need to have an attorney representing you in an ongoing Jones Act civil claim. That’s our only requirement. Our application asks you for your personal information, a little bit of information about your claim, and your attorney’s contact information. We get in touch with your attorney to verify all the details and learn a bit more about your case. We use this information to determine: Whether we can offer you a loan,How much we can offer, andAt what rate we can loan you the money. That’s it. Once you fill out your application, we get back to you within 24 hours. From there, you’ll have legal financing in as little as 24 more hours. The Ally Lawsuit Loan Difference There are a lot of lawsuit lenders and pre-settlement funding companies out there today. Our industry is growing. But that makes it harder for you to find the right loan. You have to fill out multiple applications and review numerous potential loan agreements to find the best interest rate. If you go with Ally Lawsuit Loans right off the bat, however, you can save yourself time, money, and effort.  Nevermind the other applications, Ally Lawsuit Loans offers a unique, three-part promise to all our clients: Qualify for your loan within 24 hours,Get the guaranteed lowest interest rate in the industry; andRepay nothing if you lose. With this guarantee backing your lawsuit […]

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