Frequently Asked Questions
Can I change or cash in my structure? Can I get a cash advance?
No - Once the structured settlement has been put into place, it cannot be modified in any way. This is required by CRA in order for you to receive your payments tax free. Structured settlements are non-assignable (cannot be used as collateral), non-commutable (cannot be cashed in), and non-transferable (cannot be sold). You have the right to receive the payments as originally designed.
If you are seeking a loan from a bank or other financial institution to assist with a large purchase (such as a home or car, etc.), we can provide you with a letter that confirms the payments that you receive from your structured settlement.
McKellar Lead Sponsor of the 2012 BIST and OBIA Mix & Mingle
McKellar Lead Sponsor of the 2012 BIST and OBIA Mix & Mingle