News and Tips on structured settlement transfers.

Cash

December, 2011


26
Dec 11

Buying Structured Settlements for a Lump Sum of Cash

So I am looking for someone to buy my structured settlement payments. Before I do this, I need to determine a couple of things. First, is this a good idea for me? Second, where do I turn when I want people to buy the rights to these payments? Once I answer these two questions, I will have a much better feeling on where my next move might lie. There are companies out there that specialize in buying structured settlement payment rights. They essentially assume your role and the person to be paid, buying structured settlement payments from you for a lump sum of cash.

Is it smart for me to sell my structured settlement payment rights?

Know that each person is different and this means that each person will have different motivating factors in regard to whether it makes sense to sell structured settlement payments. If you are a person with immediate money needs, then it does make sense to sell out for a lump sum. What kinds of needs might these be? For many, this will mean paying off the bills associated with a personal injury situation. For others, it might just mean paying off bills or getting themselves out of a difficult financial hole.

Other people do not have pressing financial needs at the current time, so the decision becomes a little bit more difficult for them. If I were in that situation and I were thinking about having someone buy my structured settlement payments, then I might first think about what I could do with the money. Some people want a lump sum payment right now because they feel that they have an angle on a good investment opportunity. If you have some means of investing the money to make it grow, then having a lump sum right now is much better than collecting structured settlement payments over the course of an extended time.

For all people, having money right now is better than having the same amount in the future. You remove the risk associated with receiving money later. Ultimately taking a lump sum now will cost you some cash, since the lump sum will be less than the value of the settlement payments. Many individuals feel that they can make up the difference with their investments, though.

So who would be buying structured settlements?

There are companies that buy the rights to your structured settlement payment receipts. These companies jump into your shoes and collect these periodic payments. They offer you a lump sum amount that is ideally enough to make you happy. It is key to find the company that offers the best deal with their lump sum so that you are getting premium value in this deal.

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.


25
Dec 11

Buy My Annuity Payments

There are lots of different ways to fall into an annuity. Some people receive them as compensation for years of work. Others receive them through settlement plans from some lawsuit or potential lawsuit. Others still purchase annuities as a means of investment. When you get the annuity, you almost always think that you will be fine with collecting the money slowly over time. But circumstances can change. Life is such that things are almost always changing and you might need the money right away instead of over the course of time. If I wanted someone to buy my annuity payments, I would need to weigh the decision and make a proper determination first and foremost.

Should I get someone to buy my annuity payments?

This is largely a loaded question. My situation and your situation are likely to be different. If you find yourself in a place where a lump sum of cash would do a great amount of good, then it can make sense to sell your annuity payments to a company that is willing to offer an acceptable lump sum. If you have some investment idea or some pressing need for the money, then you would be wise to get someone to buy your annuity payments for cash right now. Before you make this decision, you need to analyze whether or not it makes sense to you.

In order to do that, one must first understand the time value of money. The basic fundamentals of economics tell us that money right now is better than money in the future if the amount is the same. This is because of all the things that you can do with the money. Inflation is such that the same amount of money now will be worth less in the future. Likewise, if you have investment possibilities, then you could potentially make the money grow at a rate that makes sense. These are things that you will need to think about as you decide whether or not to sell your annuity payments.

Selling your annuity payment rights

You might have guessed by this point that the company that buys your annuity payments will pay a discounted price for them. That is how they make money. Whether or not it makes sense to make this sacrifice ultimately depends upon the price you are getting. You will have to sacrifice something to get the money up front, but you shouldn’t give up too much value. A smart consumer will shop around and settle on the best possible annuity buyer. Some companies are very good at giving you a lump sum quickly. Do your research and work with a reliable, reputable company if you are going to sell your payment rights.

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.