A structured settlement advance is a cash lump sum provided to you before the court officially approves the sale of your future settlement payments. Strictly speaking, "structured settlement loans" do not exist; you cannot typically use these payments as collateral for a bank loan because they are legally restricted and tax-exempt. Instead, an advance is a portion of your own future money given to you early by a purchasing company. How an Advance Works
It is not a loan, so there are no monthly interest charges or separate repayment obligations. structured settlement advance
You sell your payments at a "discount rate" (often 9%–18%), meaning you receive significantly less than the total future value. A structured settlement advance is a cash lump