I would like to open a bagel shop but am not sure if the funding avaiable to me is the best option.?
I want to open a bagel/coffee shop, and I have funding available to me, but I am not sure if this type of funding would be the best option. Here is my situation…
I have a structured settlement from something that happened when I was a child. The deal is that when I turn 25 years of age (I am currently 22) I will receive 1086 dollars per month for 30 years. There is a company that would like to buy the first 10 years of payments from me for 70,000 dollars.
I would like to use that 70,000 dollars to open a bagel shop, but I’m not sure if I should sell out my settlement for 70,000 dollars. If I leave things how they are, I will get 130,000 dollars, but I won’t see all of that money for the next 12 years of my life.
What should I do?
If the business fails then you are out $130,000. I wouldn’t risk it.
Sell My Structured Settlement
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