Friday, October 14, 2011

Structured settlement factoring transaction




The structured settlement factoring transaction describes the selling of the future payments structured settlement. (Or more accurately the right to receive payment in settlement of the structure), those who receive payments structured settlement may be made at the point where they need more money in the short term some over the payment period of time. An example would be the payment of damages for injury over time instead of in a lump sum settlement. Different reasons. But can include unforeseen medical expenses for themselves or depending on the need for improved housing or transportation, the cost of education and the like. To meet this requirement, the settlement of the structure can be sold. (Or, less commonly, Kidhngakwagta) all or part of the payment of the lump sum present them in the future.