Rescue Capital Blog Your Money, Your Way

3Jul/13Off

Should I sell my structured settlement to pay off medical bills ?

So you or someone you love just went through a very tough time. You survived a bout with the american health care industry. Dealing with the competing interests of the doctors, the hospitals, the specialists, the insurance company and trying to find a way back to health all at the same time can sometimes lead to a high level of stress and anxiety. After adding up all of the co pays, the prescriptions, the tests, the uncovered procedures and surpassed insurance coverage limits, you could now be sitting with a large amount of personal debt that you owe because of it. So, what options do you really have ?Rescue Capital can help you pay off your medical bills

Well you could blow it off and let it destroy your personal credit. You could agree to make payments with interest for a very long time.  You could borrow money from someone else to pay it off and then make payments to them.  None of these options would be advisable for some of you. If, on the other hand, you have a structured settlement annuity, you could pay off all the medical bills in one swoop and be done with it.  The larger question is, should you ?

If you are living paycheck to paycheck, you may never be able to pay it all off. The interest alone could make it near impossible. According to the structured settlement community, paying off medical bills is one of the most popular and well regarded reasons for cashing in a structured settlement annuity. When looking toward your best interest, the courts usually see paying off medical bills as a very plausible reason to sell structured settlement payments for a lump sum of cash.

This is one of the many reasons that Rescue Capital is here for you. We know you want to get on with your life and live it as full as possible without the stress and anxiety. We help people like you every day. Give us a call at 866-688-3532 and one of our experienced consultants can discuss what options are available for your situation. If you don't have time right now, simply fill out the quote request form here and we will get back with you at a more convenient time.

 

 




Posted by Rescue Capital