How to Find and Purchase Structured Settlement

There are many reasons why people choose to sell their structured settlement payments. The first and most obvious one is that they need money immediately. The companies that purchase structured settlement are well aware of this fact and they will do whatever it takes to secure a favorable deal. In this article we are going to talk about how to get a fair structured settlement lump sum.

But before you proceed, you must find out if purchase structured settlement is legal in your state. Then you should contact a structured settlement broker. Yes, it’s true you do not need a broker. It is possible to do the work on your own and have your attorney review the documents. But in our experience that is often a big mistake.

For one thing, brokers aren’t lawyers and they seldom charge huge fees. In fact, they often work on commission, like real estate agents, which means that the better deal they get you the more money they make. Therefore, it behooves them to work hard and investigate all available options.

They often begin by taking a look at your structured settlement annuities and determining exactly how much you are owned by using structured settlement factoring. Once they have a figure, they can start requesting quotes from buyer structured settlement.

A good broker will not encourage you to make a quick deal will companies that purchase structured settlement. In fact, most brokers like to field several offers before they recommend one to their client. Just remember, the decision is yours, and if you ever feel uncomfortable or pressured, simply say “no thank you” and walk away.

It may also be a good idea to consult your attorney for a second opinion on any proposed deals. In short, you should be a bit skeptical when considering any offer. After all, companies don’t purchase structured settlement out of altruism…it’s not a public service they are providing. They do it to make money. And to make money they must offer you less than what your structure settlement is really worth.

The question you as the seller must answer is how much less are you willing to take for a lump sum payment today? Of course, the discrepancy between the real value of the settlement and the offer to purchase structured settlement will differ from case to case.

In closing, the simplest and most effective way to ensure that you receive a fair deal is to know as much as you possibly can about structured settlements before negotiations begin. This goes double if you choose not to avail yourself of the services of a structured settlement broker. A final word of warning: watch out for unnecessary fees. Traditionally, the buyer is responsible for all transaction and processing fees. But if you don’t have a broker by your side, an unscrupulous agent may ask you to split these fees.

 
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