There are two types of lump-sum payment – one is the payment by cash, and the other is the payment in installments. With payments that are received in full, there’s no risk of your being foreclosed on.

The biggest advantage with a lump sum payment is, it comes in very little time. However, payments made in installments are usually longer-term payments which provide more security to the lender, who can always get the money from you if you don’t pay back. If the lender is losing money, then paying you more slowly is better for him than losing all his money to you in one swoop. This is what most people refer to as the payment by installments strategy.

Another benefit to a lump sum payment is you don’t have to pay interest or penalties on the balance for a period of time after the payment is received. However, there are also benefits to a payment by installments which are not paid on the lump sum. You may be required to pay fees and costs that are related to the process of making your payments, and if your account goes into default, there will be legal fees involved. Also, the longer you wait before making the payment, the higher the monthly payments will be. Some people choose to pay off their balances faster because this is the quickest way to get money to them, but others prefer to make their payments at a rate that they can afford.

The only disadvantage to receiving a lump sum is there is the risk of not getting paid. Even if you do receive your money on time, there’s still a chance you’ll be foreclosed on if your loan has not been paid off. It is always best to know exactly how much you have to pay back so that you will not end up having to deal with these kinds of issues. Even if you have been in default for some time, lenders will still want proof you are going to be able to pay back the loan. This can be done in several ways, but you should always have the documentation to back you up so that the lender does not have to worry about it.

The decision to receive a lump sum versus payments is really a personal preference. The decision is best left to the borrower and the lender, since each one has different needs. They also have different objectives when it comes to the loan.

If you need money now, you may be better off choosing a payment by installments since it will ensure a steady stream of money to you if you need it in a short amount of time. However, if you are looking for a long-term solution, you can always opt for the lump sum.