What is a better option, selling a structured settlement or taking a loan from the bank?

Selling your structured settlement is a legal process and requires court approval. Some companies may charge you for their legal expenses, however when I sold mine I used Olive Branch Funding and they did not charge me anything and I was able to speak with an attorney who explained the process fully. They also advised me what the best route was for my situation and were very up front and open with me. If selling your structured settlement isnt in your best interest they will they you that. Also,you dont have to sell your full structured settlement, you can sell a partial amount of it in order to cover your expenses. I would advise you to call Olive Branch Funding at 877-844-5445 or visit their website at www.olivebranchfunding.com and speak with a legal professional there and theres no cost to you and you can get a free quote. Best of luck.

You have multiple different options as to what you can do here. You can sell all or part of structured settlement or you can find employment or get the loan as you stated. However, if you need help to understand whats the best approach for your circumstances and to have the process of selling your structured settlement explained to you in detail and to speak with an attorney and financial department to understand what would be in your best interest call us at Olive Branch Funding at 877-844-5445 or visit us at: www.olivebranchfunding.com for a free consult and quote.

Here are basically your options... 1. Get a part time job to help with your expenses. And get a roommate or find a cheaper place to live. 2. Get a part time job and get a student loan. You can not use your settlement as collateral for a regular loan. 3. Sell a portion of your structured settlement payments in exchange for a lump sum of cash. Depending upon which company you go with your rates can vary. Typically the bigger companies that have commercials on tv will charge higher rates to offset their advertising expenses. Smaller companies like Rescue Capital work to get you the best offer so it pays to shop around. If you have any questions about the process feel free to contact me 866.688.3532. Just wanted to add that some states that they were not charged anything for selling their payments. This is incorrect. No company will purchase your payment for free. It is called discounting which is the process of reversing the value of the future payments back to the present value of the money today. This is often used when someone sells their future annuity and structured settlement payments for a cash lump sum today.

How much do you lose if you sell the settlement? If it's 40%, 50%... I wouldn't sell it. I'd go to school part time and work so that I have some income. Going into debt to go to school should be avoided. If you lose only 20% of your settlement if you sell it, then I'd sell it and use the cash to pay for school and live on. I wouldn't take out a loan for school or living expenses.