What are these alternatives after all? Are these better?
Well of that you need to first know what are these settlements and then the alternatives. In general the structured settlement is the payments money that is paid over time for a long time period like 2 or 4 or 10 years etc depending on the agreement. It is the sell amounts that the person wins after the lawsuit. The money can be given annually, quarterly, monthly etc. So, if you are willing to get that then head for the lawsuit. But then again, there are many people who like the alternatives. Once you have these then you will get the payments till the decide time. But what if you need alternatives?
They are the people who need the money in large sums altogether and not the ones who like to wait etc. They may be badly injured and they may need not the small amounts but the large sums so that they can get out of the problems. There are many alternatives. Once you win the lawsuit or are about to with the lawsuit, you can take the 2 options:
One is taking loans from the banks:
If you are sure that you will win the lawsuit and the judgment has been made, but the money that you will have will come after 2 or 3 weeks time, you can take the loans. You can have the paper work you can have that as a proof that you will get money, and even in your bad credit situation you will or may get loans so that you get out of the problems via structured settlement. When you have the paper work then no one will object giving you the money and loans etc.
Asking for lump sums:
Well, one other alterative for the structured settlement is called the lump sums. You can ask the judge or the other defendant to pay you the money in one large sum instead of getting the money overtime. It sure will help you get out of the current situations. The alternatives will lead you to a large lumps um, and that is what you may wish for.
A best alternative of the structured settlements wisely chosen and only when you need one. To get the best you need to know every option. If not the periodic payments then these alternatives, if you search or ask the lawyers then they may also tell you about the cash awards, the loans and the settlement cash awards etc.