News and Tips on structured settlement transfers.

August, 2010

26
Aug 10

Cashing out Structured Settlement Payments

Structured settlement payments are paid in equal installments for a specific period of time. For example, a lawsuit of $1,000,000 (with 20 years of structured payments) is $50,000 annually or 240 monthly payments of approximately $4,166.67. Sources of structured payments are: from an insurance company, a lawsuit, as a result of death (guaranteed) or living (life contingent), and tax-free income. Worker’s compensation claims do not qualify as structured payments. If an annuitant (the person receiving the structured payments) needs the money in a lump sum, then a structured settlement factoring company may purchase the future payments.

What to Know Upfront

An annuitant will receive considerably less money for receiving a lump sum. When purchasing future payments, funders (used by factoring companies) assume all the risks associated with the structured settlement and must hedge against future inflation. It should be understood that factoring companies are in business to make money. Carefully weigh the options before considering (selling or) cashing out a structured settlement. The government’s Model State Structured Settlement Protection Act requires full disclosure of all terms of a sale.

The structured settlement payments received are generally tax-free. Tax benefits could be lost by cashing out future structured payments and state and federal taxes could further reduce the lump sum amount. That is why an annuitant should fully understand the ramifications of selling future structured payments.

Do Research First

Investigate a company’s BBB track record for any company complaints. A factoring company with more than five complaints, since its inception, should be avoided. Get several quotes before deciding on a company. Do not accept the first quote received because companies will bid low to increase profit. Never disclose a previous quote to a perspective factoring company.

Certified Funders

A factoring company uses funders that it certifies and they must meet minimum conditions. Minimum conditions for certified funders: an accredited BBB business, not merely a broker but have access to its own funding, maintain consistent best price practice, have fast service, have no default on any sale transactions, be in business for three years, be a U.S. registered company, have the ability to purchase future structured settlement payments in all 50 states and its territories, and no anti-competitive practices.

How to Cash out a Structured Settlement

The structured settlement information is put out for bid to certified funders and quotes are given to the annuitant to decide on a company. The annuitant completes forms and receives payment within 8 to 12 weeks. Good factoring companies will guarantee a closing date and if they mention “interest drag”, to delay closing, find another company. Interest drag is a tactic factoring companies use to make more profit by delaying the closing date. The closing guarantee should state that any delays will be paid per diem, to the annuitant, at the time of closing. A factoring company agreeing to this proves that there is no intention of delaying the closing date to gain additional profit.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.

23
Aug 10

Structured Settlement Factoring FAQ

How do I know if I need to sell my structured settlement?

If you are facing an unexpected financial crisis and have no other way to raise the cash you need to avert losing your home, paying medical bills or any other emergency, selling your structured settlement is a good option.

How do I find a company to buy my structured settlement?

Quotemeaprice.com will do the legwork and provide a marketplace for you to find the buyers who are willing and able to buy your annuity or structured settlement.

How does the marketplace work?

Just like an auction, different companies will bid on your note, lottery payment, annuity or structured settlement. You will get the most cash possible. This is all done on quotemeaprice.com. You do not have the headache of being called by multiple companies, and it saves you money. It is also good for the buyer. They can go to one place and see multiple listings of annuities or structured settlements for sale. All the information they need to make a bid is there.

How can I be sure a structured settlement buying company is the right one for me?

A good company will have a Better Business Bureau record with satisfied clients. See if there are any complaints about a company on a Google search.

Will all companies give me about the same amount?

No. Some companies will give a very low quote to maximize their profit. Always get quotes from several places and don’t disclose the quotes from other companies. In this way, it will be clear which company is trying to help you and which one is looking out for itself. The more companies that know you are selling a structured settlement, the better price you will get.

How do I know what the price should be?

There are calculators available that can get you an estimate of the value of your structured settlement or annuity. Quotemeaprice.com can help you with this or you can contact your lawyer, accountant or tax person.

How long will it take to get my money?

A good company will guarantee a closing date. If they mention an interest drag to delay the closing, find another company. Expect closing in 8 to 12 weeks.

What if it takes longer than 8 to 12 weeks?

In the closing guarantee you should add that any delays will award the per diem amount be paid to you at the time of closing. If they agree it will prove that the company is not delaying your case to make a profit.

Is there any government protection for the seller?

Most states have the Model State Structured Settlement Protection Act or something similar. This Act requires a full disclosure of all the terms of the sale. This includes the discount rate, number of payments and any charges for breach of the agreement. You should insist that the buyer complies with the Act. In some cases it may be required to have independent financial or legal advice. Quotemeaprice.com can also help you with this.

20
Aug 10

Getting the Best Price for your Annuity or Structured Settlement

Life often takes unexpected turns. Financial crises happen to most people and cash flow problems can snowball to a financial catastrophe. For example, if you’re behind on mortgage payments, it could mean losing your home. If you lose your home, you would still be required to pay rent at another residence.

If you have a structured settlement or other type of annuity, should you sell it? It depends on a number of factors, including other assets or sources of income, the risk you stand to lose if a financial crisis is not averted, and what you stand to gain if sold.

Fortunately, if you decide to sell your annuity, there is help available. There are some useful tips on selling your annuity.

Finding a marketplace to sell your annuity

As with any other commodity, you need to find a marketplace for your annuity. Unlike selling a car, you probably will not find many buyers through Ebay, your local newspaper or Craigslist. Most financial companies interested in purchasing it won’t be looking at those sources.

There are companies that advertise to purchase your annuity, and some may offer you a decent price. But in those cases, you are often given a take it or leave it offer. The more companies that know you are selling an annuity the better, and the more offers you receive, the higher price you will be offered.

QuoteMeAPrice.com provides a marketplace for your annuity or structured settlement. It brings ready, willing and able buyers together with those who need to sell, and are ready to offer cash for either a full settlement or partial settlement. QuotemeaPrice.com does the legwork of finding these buyers for you.

Knowing the worth of your annuity

If you decided to sell your car, you wouldn’t attempt to put a price on it without obtaining a blue book value. Though the selling price of the car may or may not be equal to the blue book value, you at least obtain an informed price as to the marketplace. Understanding what your annuity is potentially worth will allow you to make an informed decision on whether to sell, and if so, the offer you are willing to accept.

With an annuity, the price you receive is not simply a matter of adding up all remaining payments. This is because the remaining payments will be paid out over a number of years. Companies willing to purchase annuities will apply a discount factor against the price of the annuity, taking into consideration the interest they would be earning if their money was invested elsewhere.

There are annuity calculators available for getting an estimate of the present value of your annuity. If you need assistance in determining the value, consider contacting your attorney, accountant, or tax preparer. Or better yet, contact Quotemeaprice.com to get an idea of the present value of your annuity.

Require full disclosure of the sale terms from any buyer

Most states have enacted the Model State Structured Settlement Protection Act in one form or another. First and foremost, the Structured Settlement Protection Act requires full disclosure of all terms of the proposed sale, including the number of payments, the discount rate used by the company and any charges applied for breach of the agreement.

In some cases, independent legal or financial advice is required. Insist that any buyer comply with the Structured Settlement Protection Act

Selling your annuity or structured settlement may be able to protect other assets of yours and may be able to stop a financial crisis before it begins. Knowing your rights as a seller and obtaining the most bidders available through Quotemeaprice.com are invaluable tools to insure the best price in the marketplace is obtained.

7
Aug 10

A Marketplace is the Best Place to go for Liquidating Structured Settlements

Structured Settlements are meant to be residual payments paid out over a period of time. Some people count on receiving those payments on a guaranteed scheduled time frame. However, when the actions of life happen, as they often do, it can be an asset to cash out these payments into one lump sum. There are a number of ways to do this. One of the best ways is by utilizing a marketplace.

What is a marketplace

A marketplace is much like it sounds. It is a place that will market your request for cashing out, or liquidating, your structured settlement. Instead of receiving several payments, a person will receive final one lump sum. The marketplace enables people to list their request and have it viewed by multiple companies.

Let the bidding begin

A marketplace is like ebay on steroids. A request for cashing out a structured settlement is placed. The listing is then viewed by several structured settlement factoring companies and investors. The companies then enter into a feeding frenzy of bids for that settlement. The winning company’s bid is the one the person will end up with. The winning company will then complete the process by taking the transaction through the court system and providing the final lump sum payment to the tort victim.

What settlements can a marketplace list

There are certain payment streams that can be listed in the QuoteMeAPrice.com Marketplace. QuoteMeAPrice.com has buyers for structured settlements, annuities, lottery payments, and mortgage notes.

Benefits of marketplace

The marketplace offers a quick way to get cash for your structured settlement, note, lottery payments, or annuity. The recipient doesn’t need to be harassed by several companies, all the bidding is done in one place. This means less stress, the recipient saves money and headaches.

The marketplace is a great option for people seeking to cash out a structured settlement. They offer peace of mind by receiving the most cash for your future payments.

3
Aug 10

Get Multiple Cash Offers for your Mortgage Note

QMAP is a marketplace connecting top rated national buyers of mortgage notes, and consumers with seller-held mortgages / carry back mortgages. Mortgage note buyers will offer cash for your trust deeds, notes, and hard money mortgages. Our mortgage note buyers have been buying seller held notes for decades. Most note buyers on QMAP are also licensed mortgage brokers, who understand the industry and can walk you through the process of selling your note.

If you’re considering selling to a mortgage note buyer and would like a lump sum of cash now, QMAP can help! How much cash can you expect to get from selling your note? The amount of cash you’ll be offered is directly related to how long note buyers / investors must wait for the remainder of the payments. The length of the remaining term makes it vulnerable to inflation and the risk of default. The property condition, and note status is also taken into consideration when investors give lump sum quotes. Most importantly is the current loan to value ratio. LTV. This ratio must generally be in the 75% range for investors to be interested in purchasing your mortgage note. The various risks associated with buying a mortgage note is subjective, leaving the option open of getting a wide range of cash quotes from buyers. QMAP connects you to the nations top note buyers, increasing your ability to get the maximum amount of cash back for your note.

Why do people consider selling a mortgage note? There are a variety of reasons people consider selling their payments for cash, including, retirement, tax reasons, to persue other Investment opportunities, college tuition, or any unexpected financial change. The bottom line is that if you are looking to possibly sell your mortgage note, you must shop your note with a variety of note buyers to ensure that you get top dollar for your not. Simply set up an account, list details of your note, and top rated note buyers will make no obligation cash offer into your account inbox. Get Quotes!

3
Aug 10

Buyers will Compete to Purchase your Structured Settlement

If you have a structured settlement to sell, but you just need to find the right structured settlement buyer, then Quote Me A Price can help. Quote Me a Price is a company that was started in response to the pleas of all of the people who have structural settlements but needed the full amount in a lump sum. Essentially Quote Me A Price breaches the gap between buyers and sellers in the structured settlement industry, and gives everybody what they are looking for. By arranging a bidding area where structured settlement buyers can compete with cash offers for your structured settlement, Quote Me a Price is enabling you the financial freedom that you have always dreamed about.

A structured settlement is something like a long term financial plan that you get when you have a settlement owed to you. For instance, if you are in a car accident and your insurance (or the guilty party) pays out a huge sum of money to you, it is very likely that the money you are owed will not be paid out all at once and will instead be entered into a structured settlement program whereby small amounts of that total are released each month to you. This means that you have a continuous source of income until such time that the total amount is paid out. A Structured Settlement Buyer will actually offer you a cash sum in exchange for that settlement income.

Do not accept an offer from a single Structured Settlement Buyer without considering all of your options, and without knowing what else is available. Quote Me A Price provides a platform which buyers can use to compete against each other in order to provide you with the highest cash offer for your structured settlement. With all of the highest rated structured settlement buyers competing for your settlement, which ensures that you get the best deal out of your transaction, and you walk away with the highest cash amount that you can get for your structured settlement.

Using the Quote Me A Price service is really easy, and allows you access to the biggest names in structured settlement buying. Simply fill in the online form on the QMAP website, and provide such information like details regarding your cash flow. This request will then be sent to each Structured Settlement Buyer registered with QMAP, and they will then start making you quotes. If you have already had quotes from other companies or buyers, you can add this into the comment section on the request form and those buyers will not be contacted.

Whether you need money to pay off tuition, put a deposit down on a home or a car, or for any other reason, why not sell your structured settlement? Approach many buyers with the help of Quote Me A Price and choose the Structured Settlement Buyer that offers you the highest cash lump sum in exchange for your structured settlement. Now you can use your money effectively to get what you really need right now, instead of waiting ages for it to accumulate.

3
Aug 10

Sell Annuity Payments to Competing Buyers

Have you ever considered selling annuity payments? Are you currently searching for a buyer? The financial arena can be a tricky business and the last thing you would want is to lose valuable capital in a bad deal. Hasty or uneducated choices can be costly. When it comes to these matters it is important to find a reputable and easy to navigate mediator to assist you to make the best possible decision.

Quote Me a Price is proposing to be just the assistance to come to the rescue. The appeal of Quote Me a Price is varied. When you are in the process of Selling Annuity Payments you can visit Quote Me a Price’s website and seek out quotes from a number of institutions. You will not be forced to make a rushed decision but you can browse through the offers you receive and make an informed decision. Quote Me a Price will not only save you time but it may even save you a multitude of problems and costly disappointment.

The option of Selling Annuity Payments has not always been available. Previously you were stuck with the annuity structure you had or you had to fork out a sizeable amount to the insurance company. Now there are companies who make it their business to purchase annuities and other structured settlements. So it is possible to avoid being trapped in an annuity or liable for unreasonable sums of money to escape.

You may be interested in Selling Annuity Payments because you are no longer in need of the money or you prefer to have one large cash payout. Whatever you reasons, you will find the information you need at Quote Me a Price. They are aware of this emerging need and market so they aim to provide a useful and comprehensive service. It is beneficial to you as the seller, as well as the institutions that are offering to buy from you.

The whole process is quite simple and hassle-free. All you need to do is go online to Quote Me a Price and fill in the necessary information. You will receive a response in two working days so you can begin comparing quotes and start the process of selling annuity payments. The firms will make cash offers and you can avoid sending your information to companies from which you have already received a quote. From the comfort of your own home you can handle all your financial business with efficiency.

In addition to selling annuity payments, you can also sell a life insurance policy. You can get quotes for other structured settlements at Quote Me a Price so it is truly an all-inclusive service. When you are in the market to sell this kind of financial policy there is no better place to look for assistance. They guarantee quotes from fine funding firms who will take into account all the most crucial information. Pay Quote Me a Price a visit and watch as your worries disappear.

3
Aug 10

Get Cash for Annuity Payments Today

If you are in a position where you have gotten rid of your form of income and you need to a settlement funding company that will offer you the best quote then you will be glad you found us. We will find you the company that will offer you the best deal giving you more cash than you expected because you were smart enough to let us find you the top rated company. Reasons for getting different quotes vary from one to another that is why we ensure that when you are trying to get enough cash from Selling An Annuity you get the best deal we can find for you.

If you are Selling An Annuity and you would like to get the most from the deal then let us find you the financial company that will pay you more than you expected. We are associated with companies that are in different financial situation therefore when we find you a settlement company that will give you the best deal you can find. Because we understand that finding so many companies takes a lot of time, and you might just give up looking before you find the company that will give you the amount of cash you deserve, we take the time to do it for you.

We have so many companies that we deal with and we are in a position to ensure that you compare your quotes with so many companies before finding the ideal company that will offer you a reasonable good amount of cash. Our service to you when you have decided to Selling An Annuity is to ensure that when you find a company you shop around before you close the deal. After years of research we realized that you do not always have all the information and the contacts of the company that will give you the best so we undertook to assist you in comparing quotes.

Should you currently be in a position to have already started and you have a few quotes in you possession then fill in our online form and indicate which quotes you have already. We might actually be associated with the company that you already have a quote for meaning that we will offer you better perspective on why you were offered the amount of cash you were offered. Because of our vast experience we also ensure that when we compare the quote for you the amounts are worth you considering and our reasons for this vary.

Some companies will offer you the best deal if they are small because they are in a better position. Some companies will offer you a better amount because they are bigger. The reasons for this also vary also so when you are Selling An Annuity do not make a move before coming through us first because you just might be missing a big chance to get more. If you need to compare the best quotes and you are running out of patience then we will do the looking for you and we will find you a better deal than you thought.

3
Aug 10

Sell Structured Settlement and Get a Lump Sum

Some serious considerations before making any decision to sell your structured settlement benefits should be considered. Every recipient ought to know that his or her money should make even more money. It is important to think of money as an asset, much the same way that a house or a piece of jewelry when sold could make a substantial profit. To get the very best return it would be a necessity to find the right buyer in order to sell. Structured settlement deals require just as much negotiations as any other valuable asset. The right buyer is the one who would be willing to pay the highest price for a particular asset.

In this case, of course, the asset would be to Sell Structured Settlement benefits that have been received. The actual reason for becoming a recipient is not of importance. However, the calculated total amount of the benefits would be of great significance to a buyer. A recipient of a compensation payout has every right to want to sell. Structure settlement imbursements are a logical means of adding to your asset. The recipient should have the confidence to know that he or she has a profitable advantage.

It could be that due to a court case hearing your compensation for damages inflicted by another party had been prearranged as regular payments. Many recipients would actually prefer to have all the money due to them at one time. This would be especially so if they had the intention to sell. Structured settlement lump sums are sought after by a variety of large and smaller investors. The first step towards finding a suitable buyer would be to get an actual figure for the lump sum. It would be advisable to approach as many buyers as possible in order to Sell Structured Settlement payouts.

Perhaps as the recipient of a settlement, you could be under the impression that in order to Sell Structured Settlement benefits many complications would be involved. Thankfully, this would not be the case if you made use of the services of a referral network called Quote Me A Price.com (www.quotemeaprice.com). This network only deals with the top placed settlement funding firms, qualified investors and factoring organizations. You could offer the full amount of your lump sum to sell. Structured settlement amounts do not have to be sold in full. To Sell Structured Settlement benefits it would be quite acceptable to place only part of the sum on the market.

Due to the use of Quote Me A Price.com you would receive a variety of quotes from interested buyers. The procedure for you to begin to Sell Structured Settlement benefits is available online. Only after receiving as many quotes as you deem appropriate should a decision be made regarding which quote to accept. To make it possible for you to make an informed choice Quote Me A Price.com would present you with all the quotes received. The highest quotes are an indication of the level of interest the buyers would have when you decide to sell. Structured settlement compensation could be extremely valuable for the seller when top investors compete for the sale.

3
Aug 10

Sell Structured Settlement Payments for Cash

Things happen all the time that require large sums of money – buying a home, buying a car, paying for tuition, medical bills and more. If you need a large lump sum of cash now, why not Sell Structured Settlement payments? Structured settlements are a result of a large sum of money being rewarded for any reason. The most likely reasons include winning the lottery, insurance money, money awarded by a third party to cover accident damage, or money awarded to a person who experienced negligent medical treatment. Usually it is a very large sum of money awarded in these cases, and to make it easier, the money is structured into monthly installments.

When you decide to Sell Structured Settlement payments you are, in effect, just exchanging the monthly installments for the larger lump sum of cash. The amount that you exchange it for is usually different, allowing you to offer a buyer a win-win situation whereby you get the cash, and they get a slightly bigger amount at the end of the stipulated period. This period can stretch over tens of years, depending on how big it is, and so this works out to be quite a good deal for you if you need all of the money right now for whatever reason.

Quote Me A Price is an online platform that brings you, the seller, closer to many buyers who are interested in your structured settlement. You essentially are auctioning off your structured settlement payments to the highest bidder who offers the largest cash lump sum – so you will be getting the very best deal when you Sell Structured Settlement payments. Don’t settle on the first offer that you receive – shop around, compare offers and see what is available before you settle on any one offer from a single settlement buyer.

All you need to do to take advantage of this platform offered by Quote Me A Price is fill out the request form on the Quote Me A Price website, and then submit it. This request form includes the details of your cash flow, your name, and other personal details. Once completed, you can either opt to send you request directly to those Top Funding firms who will then make you a cash offer, or request free consultation before sending it to firms. So you will always end out on top when you decide to Sell Structured Settlement payments.

If you have already got quotes from funding institutions who are interested in buying your structured settlement payments then you can still take advantage of the Quote Me A Price request form: simply indicate in the comments section that you have already had quotes from such and such, and then your form will not be sent to those firms. The more quotes you have, the higher the cash amount that you get out will be. Use Quote Me A Price to Sell Structured Settlement payments and get the very best deal out of your monthly structured settlement installments.

Let Companies Compete to Buy your Structured Settlement!

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August, 2010

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