News and Tips on structured settlement transfers.

Cash

February, 2013


27
Feb 13

What You Need to Know About Structured Settlements

When a person is fortunate enough to be awarded a settlement or win a large cash prize, many think they will undoubtedly choose to get their money in a large lump sum, but this isn’t actually the case. Instead, most people choose to get their money through structured settlement payments. This allows them to have a steady source of reliable income, and helps eliminate the chance of blowing all the money immediately through impulsive purchasing.

Basically, you are agreeing to accept your money in incremental payments, made over a period of time. How these payments are set up, however, is up to you, and you can decide on how much or how little is paid with these payments. It is even possible to arrange for part of your money to be made in payments, with the rest given in a lump sum amount.

Though this process may seem like it takes vary little thought, the choice between a lump sum and regular payments is not always an easy choice to make. While some may think regular payments are the best option, sometimes there can be a need for larger amounts than is possible with a structured settlement. But once your payment details have been set and agreed upon by you and by the court, you will have limited access to those funds, except for the regular payments.

Sometimes people need more money than these payments can provide, and that’s when they realize the problem with structured settlement payments. Even though the money is yours, you don’t have access to it. Even so, a competent settlement broker can help you get a lump sum by working with you to sell your settlement. A broker can put you in contact with a company which specializes in purchasing settlement payments, granting you access to the lump sum payment you need to meet your financial needs. They have contacts with many companies, and can quickly get you many offers to compare and choose from. They can also help guide you through the process of selling your structured settlement.

Choosing the right broker, however, is very important. Not every company can put you in contact with the best company for you, and some firms can be unscrupulous. Making sure the company you’ve chosen has a reputation for high satisfaction customer service can be vital to achieving your goals.

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.


18
Feb 13

The Inner Workings of Structured Settlements

Structured settlements – payments set up over a period of time – have become a staple of modern life. From the lucky lottery winner, to victors of lawsuits and injury claims, structured settlements are all around us. What you need to know is exactly how these settlements and payouts work.

Understanding Structured Settlements

Structured settlements aren’t complicated; it takes very little effort to understand how they work. Basically, a structured settlement is a payment of a sum of money, in increments, over a set period of time. Payment of the sum awarded takes place over months, years, or even a person’s lifetime until the full amount owed has been paid.

Why Choose a Structured Settlement?

Understanding the advantages of structured settlements is necessary when learning about structured settlements and how they work. Even though you won’t get your money in one lump sum, there are many benefits to choosing structured settlements. For example, it can be very easy to blow a lump sum settlement in a short period of time, something that receiving smaller, structured payments prevents from happening. It also guarantees a steady, reliable source of tax-free income, if structured correctly.

Other Things to Consider

While structured settlement payments offer benefits and advantages, there are a few disadvantages as well. Perhaps the biggest disadvantage is, once the payments have been set, you can’t change them. You also can’t have full and complete access to the entire amount awarded to you, so if a need arises or something about your living situation suddenly changes, your smaller payments may no longer meet your needs. Knowing you have a large enough amount of money to seriously improve your situation, but with no way to get it, can be a very stressful position to find yourself in.

A Solution to the Problem

Luckily, there are ways to remedy this for people who find themselves in such a situation. There are companies, for example, who buy structured settlement payments and awards for lump sum amounts. Though you will get all of your money at one time, you won’t get the full amount owed you by your settlement. Still, you can use this lump sum for anything you want, from vacationing to making needed repairs and renovations to your home. Selling your payments can be a great choice when the need arises, but be sure choose your buyer carefully and do your research before making your decision.

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.


9
Feb 13

Choosing Between Structured Settlement Buyers

Though many structured settlements are set up through a judge, they are not set in stone. While a structured settlement payment plan may be right for some people, for others it may no longer be the best for their changing and varied financial needs. These people may have immediate needs for a lump sum, such as paying for tuition or taking care of past due bills and obligations. However, there are companies out there that will purchase your settlement, providing you with the lump sum of cash you need to remedy your situation. When you decide to look for a company to care for your financial need, there are several things you must take into consideration.

Shop Around

One of the most important things you must understand is that not all companies who buy settlements and annuities are the same. There are good, trustworthy companies out there, but there are also shady and unscrupulous ones, and it is important for you to be able to spot the differences between these companies to avoid making a grave financial mistake. How do you know who to trust? Comparing the companies, as well as their offers, is the key to making the best decision possible.

Important Criteria When Comparing Companies

When choosing the right company for you, there are several criteria you should think about before making your final decision. All offers must be legal in your state and jurisdiction, for example. You should also make sure your company is offering the greatest percentage of your annuity or settlement. Of course, you will not receive 100% of the money owed to you through these settlements and annuities, but you should be able to get most of your money without worry.

Of course, you may only want to sell a portion of your annuity or settlement, and there are companies who are happy to do this as well. This way, you can get the cash you need for your situation without giving up the steady and reliable income a regular payment provides.

Consider Hiring a Brokerage Firm

Utilizing the services of a broker can help you make those all important decisions regarding your settlement or annuity. Choose a broker with the knowledge and experience of years of customer service, and a reputation for doing what it takes to get people the offers that best suit their unique individual financial needs.

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.


4
Feb 13

The Advantage of Utilizing a Structured Settlement Broker

If you need the money you have been awarded from a settlement immediately, selling your settlement to a structured settlement broker is a very good choice. This is especially true if you are struggling through financial problems. Getting your money now can be essential when faced with mounting medical bills, bill collectors, and a loss of employment. Though, you should not try selling your settlement without the services of an expert in the field.

Making the Right Choice

Structured settlement offers can vary widely from company to company. Some companies may only want to purchase part of your settlement payments. Other companies might charge outrageous percentages and fees, meaning you will get less of your settlement than you actually deserve. Other companies could have a less than stellar reputation with the public. No matter your situation or specific needs, a structured settlement broker can help you make the best decision for you.

Quick, Competent Service

Another reason to go with a structured settlement broker is how quickly they can assist you with getting offers. Getting offers may take a while, because it can take a long time just to find a buyer if you attempt to do it on your own. However, when you enlist the services of a structured settlement broker, you could start receiving offers in no time at all. For people facing financial difficulties, getting things done quickly can be a lifesaver, because the quicker they get some offers, the quicker they can get the money they so desperately need.

Looking After Your Best Interests

Not all of the companies out there that buy structured settlements may be right for your particular situation. Some companies may have bad reputations, while others simply may not have terms that are right for you. A competent structured settlement broker can help you to look after your own best interests, and find a reputable buyer dedicated to giving you what you need to meet your needs and goals.

Utilizing a reputable broker will help provide access to a large selection of qualified buyers, help you find the information you need to make informed decisions, and help guide you through the process of selling your settlement. Regardless of how easy those late night infomercials make it seem, selling your structured payments can be a difficult task. An expert structured settlement broker can help you with the process and remove some of the difficulty for you.

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.