Three Situations to Use Structured Settlement Funding

Posted by Rob A on September 14th, 2019

Having money and a roof over your head are two of the most treasured things in life. Having enough funds to live comfortably and also having somewhere to call home can make everything better. That being said, it's essential that you have enough money for your daily life and any unexpected expenses that may come your way. This is certainly true if you've received a structured settlement as the result of a personal injury lawsuit or other legal agreement.

Structured settlements can be great, but because you'll be receiving your payout through smaller payments spread out over a number of years, you may encounter a situation in which you need your money sooner. That's where a trusted structured settlement funding company can come in handy. By selling some or all of your future structured settlement payments, you can take care of these three expensive household expenses with ease and less stress.

Roof Repairs

The first situation in which structured settlement funding may be required for up-front financing is roof repairs. Whether your roof is just old and in dire need of repairs, or your roof has been damaged by a recent storm or flooding, these repairs and replacements can be expensive. If you're waiting around for your next yearly payment to come through, your roof may be subject to further damage. In this case, it may be in your best interests to look into structured settlement funding for a solution that allows you to complete critical work on your roof.

Kitchen Renovation

In addition to hiring roofers for your home, you may also need to think about kitchen renovations in the future. As your kitchen is one of the most used rooms in the house, over the years there will be some wear and tear. Eventually, you'll probably be looking at a renovation project of some sorts. When you think about the costs of countertops, cabinetry and appliances, kitchen projects can add up quickly. That's why you may want to explore structured settlement funding to see if you can get some more money upfront before you get started.

Extensions and Add-Ons

The importance of space within your home cannot be understated. If your family is growing, then you may need to add an extension on your home in the future. These can make for amazing additions to your home, providing more living space for your loved ones. The whole purpose of extensions is to extend your home and make it more spacious, and as great as this is, you can expect to shell out a considerable amount of money to get the job done. That's where structured settlement funding can help you make the most of your residential possibilities without waiting forever for your money.