Are you currently receiving payments for a structured settlement or annuity? Many times people who are receiving monthly payments get in a situation where they would like to sell some or all of there payments. When you are looking to sell your settlement or annuity payments you will need to contact a structured settlement buyer.
A structured settlement buyer is a company that helps and assists you through the process of selling your payments. They will give you a quote for your payments and if the judge approves the contract will give you a lump sum of cash. Some of the best and largest structured settlement companies in the US are JG Wentworth, Novation Capital, Peachtree Financial and Imperial Structured Settlements.
Exactly What do Structured Settlement Companies Offer
Structured settlement purchasing companies buy annuities, structured settlements, and lottery payments for people at discounted rate and give you a lump sum payment. You can either sell some or all of your payments in order to have them give you the cash lump sum you need. This way they are able to make some money for their company and you are able to get cash quickly instead of having to wait on monthly payments spread out over years.
Lets say you were awarded a settlement from a lawsuit and elected to take monthly payments over a time frame of 40 years. It has been five years past and you now need money because of an emergency. You don?t have the money but need the cash as soon as possible. You can call a structured settlement company get a quote and if the courts approve can have a lump sum of cash to pay the bill.
But How do You find the Best Structured Settlement Company?
Well there are so many companies out there it is hard to tell you which one it is the very best. For some people the best is the one that is willing to give them the best rate and for others its who can get them the money the fastest. If you want to find the best structured settlement company you have to figure out what is most important to you and go from there.
If getting the best deal is most important start with 10 companies and get quotes from each. Once you have the quotes compare the quotes they are offering then check to see if there have been numerous complaints about service or deals not going through. This can all be found on the internet and better business bureau. You can do the same for speed as well, as many company will give you the expected time you will receive the funds from start to finish. Most sales take about 45-60 days to complete. Depending on the amount and judge it could be longer or shorter.
You Don?t Have to Sell Your Settlements Alone ? Get a Broker
Many would recommend that you don?t go through the process of selling your settlement or lottery payments on your own. There are many structured settlement brokers out there that can help you through the process. If you cant find a structured settlement broker you may look to get an attorney to help.
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