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Get Information on Selling Structured Settlement Payments

Selling structured settlement money may seem an easy way to get hold of some cash in a hurry, but is it worth it in the long run?

If you are receiving regular payments from a structured settlement fund then you may be able to trade in all or part of those future payments for an immediate lump sum.

But don’t just jump in headfirst and do it, take time to read up on the advantages and disadvantages of doing so before you come to a decision.

What are Structured Settlements?

Money matters in life, and even though structured settlement money can be a good regular source of cash, it can also be extremely frustrating when you have an urgent need for some fast finance.

The idea behind structured settlement payments of course, is that you are guaranteed regular payouts, either from a compensation award or because of a lottery win, or something similar.

They are designed so that the large sum of money you are entitled to cannot be squandered or lost due to bad financial decisions.

They offer a degree of financial security, especially for persons who have been hurt in a work-related accident and can no longer earn the same kind of salary as they were earning before.

Why People sell structured settlement payments

While structured settlements are obviously designed with good intentions, there may be a point in your life when you have an urgent need for some cash.

Perhaps the need is greater than your desire to have a regular flow of income through future payouts.

You may have bills to pay, or it may be that you have found some golden opportunity for investment that you cannot turn down.

In that case, selling structured settlement money may be a tempting solution to your financial troubles.

Finding a Structured Settlement Purchaser

If you have a structured settlement to sell, then you’re in luck. Due to their flexibility, they can be sold fairly easily to third parties.

You give up the rights to your payouts for a pre-agreed period, which could be the next ten years or forever, and then the third party company will reward you with a lump sum in return.

Typically, the amount you will receive will vary from company to company, and so it’s always a good idea to ask around and get some different quotes to see who will pay the most.

Take note of course, that when selling structured settlement money, whatever you do receive will be less than the total value of all future payments you are entitled to.

Many companies may also be prepared to offer you alternative options to just selling the entire settlement in one go.

For example, a company may be willing to buy half the structured settlement, and then in future the payouts are split between the two parties at whatever deal was agreed (say a 45-55 split in the company’s favor).

Your options will vary from company to company, depending on their individual policies.  But be warned; never rush into selling structured settlement money, as there are plenty of rogue companies out there.

Be especially wary of any companies that offer deals that sound too good to be true, or companies that can offer you money in just 24 hours.

Structured settlements are complicated transactions, it should never be that quick, and what’s more, you need to think very carefully before you make any final decision. I'd be happy to help you navigate the maize and ensure you get the best deal for whatever your objectives are. 

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