Getting Financial Help When You Need It

“I have money that will come to me sometime in the future, but I need it now!”

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These are challenging times, with unemployment totals not seen since the Great Depression. Thanks to layoffs, both temporary and permanent, too many people are finding it impossible to pay their bills or feed their families, let alone think about the future.

 

If you find yourself in that situation, now is the time to think very carefully about what you do today – and how it will affect you in the future.

     

Perhaps the clearest example involves a structured settlement.  If you were injured in an accident, for example, you may have a significant amount of money coming your way – but not immediately.  Typically, a large settlement will be paid out over several years.

 

The temptation, after hearing the ads flooding television, radio, and the internet, is to contact a company that promises to get you the money you need – and to get it now!

 

What you need to know is that companies like that are buying your settlement.  The amount they pay you – the cash that you are getting now – will be 25 or 30 percent of the total.  If you have a structured settlement of $100,000, you will get $25,000.  You may find that you to pay some fees in the process, so the total might be less.

 

The rest of the settlement, in this case $75,000, is gone.  You don’t get that money, now nor later.  The asset might be held by the company you dealt with, or it might be sold to another company.  Regardless, you will never see that money.

 

Think of it this way: you will have a short-term gain, followed by a long-term loss.  Looking to the future, that doesn’t sound like an appealing option.

 

But, you may have other options.  Here’s one: contact Brzustowicz and Marotta, the attorneys who provide the legal help you need.  With more than 75 years of combined experience, we have the real-world perspective to help you identify possibilities and determine the pluses and minuses of each one.  That’s the kind of help that you really need now.