15 Mar Can I Use My Annuity Settlement To Get Out of Debt Faster?
There was a time when the average joe was tempted by “Get Rich Quick!” schemes, classic bait and switch cons that promised easy cash. Well, in 2016, Americans aren’t quite as likely to fall for these age-old scams.
Forget about getting rich quick. Today, most of us are just looking for a way to get out of debt. You may have heard recently that America’s college grads are struggling with a combined debt load of more than $1 trillion. When you add up all kinds of debt, American consumers owe an estimated $11.91 trillion in debt. To be precise, student loan debt climbed from $1.21 trillion in 2014 to more than $1.3 trillion last year.
Even the American dream of owning your own home has taken a hit. With the average U.S. household owing $11,244 in student loans, $8,163 in car loans, and $70,322 on the mortgage, many Millennials are deciding that a 30-year mortgage doesn’t sound like such a great deal after all.
Because of this grim state of affairs, many people with structured annuity settlement are looking at alternative options to access their money. It can be incredibly frustrating having X amount of money tied up in an annuity settlement, but being unable to use your money for bills, student loans, and life’s sudden emergencies can be flat out upsetting. It’s left countless Americans like you interested in selling an annuity settlement for fast cash.
While this isn’t the best choice for everyone, it’s a fast, effective way to access your money when you need it. Whether you’ve received money from lottery payments, a structured settlement, an insurance settlement, or any other form of annuity settlement, selling your annuity lets you receive structured settlement cash now.
You can even sell a portion of your annuity in many cases, giving you even more control of your financial future. When you have urgent expenses, waiting for a monthly or annual payment can be a maddening experience. If that scenario sounds all too familiar, then perhaps it’s time to sell annuity payments.
The sooner you do, the sooner you can start moving forward.