A Financing Program Not Structured Like a Loan

Borrowing money from traditional financing sources without having the required collateral as security for a loan can be difficult for anyone. Those on a pension in need of financing after retirement who do not have other significant assets offer an unfortunate illustration of this. When applying for a loan, a retiree's pension payments certainly may be counted as a steady source of income, but few, if any financial institutions recognize this income stream alone as an asset to be loaned against. The result often leaves retired pensioners viewed like all other unqualified borrowers, and can make the "golden years" not so golden. If you're a pensioner who has tried borrowing against their pension, you know what we're talking about.

Viewing those pension payments you're receiving differently Once you've started collecting payments, you already have the collateral necessary to get the financing you need. Once you qualify, and once your future pension in purchased at today's value and Unlike a bank, the financing program is not structured as a loan; instead, eligible pensioners who enroll receive an up-front, lump sum cash payment in exchange for giving up their right to receive a number of future pension payments. The concept is simple, and the funds provided can be used for nearly any purpose: debt consolidation, a down payment for a home, making investments, paying education expenses, you name it. There are more Than 31 Flavors of US. Civil Service pensions , from a US. Government agency of any type, Law enforcement, fire, EMS, health care, Non-Profits, Federal, State or Local. Most types of pensions are eligible, including US. corporate (public & private), US. civil service (including all levels of government), and even US. military pensions. The cost? Often less than what you now may be paying for other financing.

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