Lump Cum Settlement - Benefits and Problems

If given a choice to choose type of payment after winning the personal injury case in the court of law, probably most of the people will opt for lump sum compensation. But before opting for onetime payment blindly, it is in your best interest to analyze all benefits and problems associated with such lump sum cash.
There are situations in which receiving small monthly payments is more beneficial to you compare to onetime payment. First and foremost it gives you financial security for several years. Every month you can meet most of your regular expenses with the help of such installments. These kind of small payments are particularly of immense help if personal injury resulted in some of permanent physical damage and you cannot continue your regular job. The main purpose of this law is to provide financial security to the victim of such cases.
But there are cases in which onetime lump sum payments becomes more important than monthly payments. In case you got hospitalized for treating the personal injury and you need to pay the hospital expenses you need some immediate cash. Similarly moving to another state, getting married or purchasing a home or paying off any loans etc are the situations in which you need immediate cash. Under such circumstances selling your settlements for immediate cash can be justified beyond doubt.
But while selling your settlement, please bear in mind that you need to pay huge amount to the purchasing company. The discount rates for purchasing such settlements are very high. If you calculate you will realize that you will be losing at least 30 to 40 percent of your settlement money to the buying company.
So unless you are in desperate need of immediate cash opting for selling your settlements is not a good idea. For some more excellent resources to get advice about selling your settlements for lump sum cash please visit this website: http://www.cash-for-structured-settlement.net