What are the reasons for Obtaining Cash for Structured Settlement?
I think one would be best advised to seek the opinion of someone with a Masters Degree in Financial Management, or perhaps an individual who has worked for a number of big finance firms. In either case you should be able to get an authoritative answer.
Personally I am predisposed to believe that in practice, the main reasons are related to tax avoidance / evasion. However, I am at times inclined to be a tad cynical.
For a less cynical view, you may prefer to accept the opinion outlined at:
The reasons people do it is because they want to use a lump sum of money right away for whatever reason instead of just receiving a portion of the money on a monthly basis for example.
Companies who offer this service, get the person to settle up front for "less" than the total amount and get it right away.
Then, they have all the legal steps in place to where they receive it all over a period of time. In the long run the company offering the service profits.
Hey Estragon, Thanks for your suggestion and for your referral link. I want to know what is the reasons why people choose to sell structured settlement to get instant cash for Structured Settlement.