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.