Welcome to Buyer of Structured Settlement Payments website. Below you will find an article on structured debt settlements.
But what exactly is a structured settlement?
Ths little video explains everything:
Structured Debt Settlements - 5 Things You Didn't Know About Structured Settlements
By Diane Sheridan
Structured debt settlements is a way an individual chooses to pay back a large payment in a series of payments until the entire amount has been paid back. If you are involved in a structured settlement you will note that they are extremely detailed and there are no misconceptions about when the payment on it must be made. These settlements are usually made in a court situation when the debtor is found to be in very extreme financial straits.
A structured settlement to help get out of debt is an alternative for those in debt that cannot outright pay the debt or offer a lump amount as settlement. With a structured debt settlement you are allowed to make scheduled payments in a time frame that is very specific. The part that creditors don't want you to understand is that they want you to have structured debt settlements so you do have to pay but it also allows them to keep their cash flow at a maximum level because they know when they get their money.
If you do agree to a settlement it will work differently for each individual case. You may be able to get a partial structured settlement or have to pay a complete structured settlement. This settlement can also be sold to an investor for a lump payment if they choose.
A settlement company has usually purchased your debt at a deeply discounted rate for a lump sum of money. This is of course a good situation on behalf of both parties because the debtor needed the extra amount of time a structured settlement affords them and then the company will get back more from them than they actually paid for the debt.
You also might not know that there are no taxes implied or added to structured debt settlements. Of course you may also not realize that the United States is one of the few companies that even allow structured settlements for anyone.
If you'd like to learn more about debt settlement for debt relief and to have your questions answered follow the link below.
Bankruptcy is certainly not your best way to deal with debts. Debt relief and debt settlement can certainly make a difference, and eliminate a strong percentage of your debt and in the meantime you will avoid the consequences of having to file for bankruptcy. Make sure you are always informed in regards to the best solution for you, and eliminate as much debt as you can. If you want to find more about this, check out the following link:
Article Source: http://EzineArticles.com/?expert=Diane_Sheridan
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Sructured debt settlements is an interesting topic. Feel free to come back to learn more about settlement payments.
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