At times an individual may be required to trade in their structured settlement for a lump sum, making the need for a structured settlement buyer necessary. Even though there is security in having a long-term system of structured payments, structured settlement buyers provide options to those looking to make large purchases. Expenses such as a new roof, vehicle or paying off medical bills can be paid for by making arrangements to sell structured settlement payments for a large sum of money at one time.
Individual or Company: What Constitutes a Buyer?
Usually structured settlement buyers are companies seeking individuals who receive structured settlements and are looking to trade their regular payments for a large lump sum. Generally speaking, most companies acting as structured settlement buyers do not keep them in their investment portfolios; they re-sell the structured settlement to another investor, taking a portion of the payment for their own profits, or charge a commission. Companies acting as structured settlement buyers generally look for many clients in order to keep their income consistent.
Individual structured settlement buyers work in much the same way as companies do. The simple definition of selling a structured settlement is that the original beneficiary of the payments sells his or her rights to receive any more payments to another entity. In basic terms, one can sell their structured settlement to another buyer based on an arrangement those individuals make. The individual buying the settlement will often resell the settlement to a stockbroker or insurance agent later on. In most cases, the judge involved in the original deal must approve a court order to sign off on the settlement transfer.
Things to Consider When Selling a Settlement, and What to Watch out For
Making the decision to sell a structured settlement can be difficult, and there are a variety of risks that should be taken into account before actually going through with the deal. Time, loss of income and your prospective buyers reputation are all factors that should be taken into account. Consider these risks before making a decision:
- Loss of Income One should know that it is nearly impossible to sell their settlement at a 1:1 ratio. Sellers will almost always lose money against the total amount of money due when selling the investment to an outside source. The amount of risk will depend on the financial needs of the seller and whether or not that seller has other sources of income.
- Time Because the process of selling a structured settlement must run through the court system, it will be a slow process that, under no circumstances, should be rushed. Generally it takes between four and six weeks for the settlement to transfer.
- The Buyer As with everything, there are good and bad companies in the marketplace that are willing to act as your structured settlement buyer. Do your research when seeking a buyer because finding the right company can make the difference between a good and bad experience.
If you have a structured settlement or annuity and are looking to sell it for a large lump sum, take into account all the factors involved when making such a decision. This can be a great option for those needing cash to invest in a big purchase quickly, but it comes with a set of risks as well. Finding the right structured settlement buyer for your needs will make all the difference when youre looking to inject extra money into your life in these tough economic times.
Here is a table listing companies which specialize in buying structured settlements and annuities, as well as other time-deferred payments.
Structured settlement - Wikipedia, the free encyclopedia
A structured settlement is a financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving periodic payments on an
structured settlement
structured settlement
Structured Settlement Buyers & Companies - Annuity.org
Companies that purchase structured settlement and annuity payments form what is known as a secondary market. There are many buyers on the secondary market, and if you
Structured Settlement Buyer - CBC Settlement Funding
A structured settlement buyer can turn your payments into cash. Contact CBC to speak with a specialist and get a free quote. Call 877-442-9613 now!
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Selling a Structured Settlement 2015. 2015 is going to be a big year for structured settlement sellers and buyers. We are proud to announce that we will be offering
33 Structured Settlement Companies | Settlement Buyers
Structured settlement companies that buy settlement annuities in FLA, CA, GA, PA, NY, and more. Get the contact info you need to sell now!
Sell Structured Settlement Payments | Annuity Buyers Compete
Let Quote Me A Price help you sell structured settlement payments. Our auction system gets annuity buyers competing to buy settlement payments or annuities.
Annuity Buyer | Sell Structured Settlement Payments
America's #1 annuity buyer pays top dollar cash for structured settlement payments. Full or partial purchase, fast closing, available nationwide.
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Looking for Free Quotes, More Options & Most Cash- Call the National Structured Settlement Buyer of Choice for Sophisticated Consumer