News and Tips on structured settlement transfers.

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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.

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Buying Structured Settlements – The Basics

If you’ve been looking for a good investment that’s relatively secure and offers an incredible return, you may have stumbled across the purchase of structured settlements.  A structured settlement is established to pay the plaintiff in a personal injury lawsuit to ensure they have a steady stream of income over time.  However, the plaintiff often wants cash now to pay medical or legal bills, go to school, or to invest.  That’s where you come in.

You’ll need cash.  In order to pay the seller, you’ll need a cash reserve – or access to one.  You’ll need a lump sum to cover the discounted value of the settlement you’re buying.  The cash will come, eventually, but you’ll need to keep your business afloat in the meantime.

Get A Lawyer.  The process of selling structured settlements is highly regulated.  This has been the case since 2002, when too many complaints about unscrupulous vendors, and tax concerns, motivated the passage of IRC 5891.  This regulation requires each state to make rules about the sales of structured settlements.  So, the language in every contract needs to be exact, documents will have to be filed with the court, and there will usually have to be a court hearing. 

What Will You Charge?  What makes money for the buyers of structured settlements is the discount rate, the percentage by which a buyer reduces the amount of the total settlement and determines how much to pay the seller.  Be savvy when calculating this.  You need to know your operating expenses and overhead, the interest you’re paying for the cash on hand, and how much profit you want to make. 

Build Reputability.  Structured settlement sellers are smart, and know that there are uncscrupulous players all over the market.  If you make a bid on their settlement, they will research you through the Internet and also the Better Business Bureau.  You are competing with big, sophisticated players, so you may have to bid higher to get those first few references.    Common complaints against settlement buyers are changing the deal after it’s signed, or taking longer to close than promised.  You’ll you’re your business considerably by being a vendor that sellers can trust.

Not So Fast!  Part of the “qualified state statute” required by IRC 5891, in most states, is a cooling-off period.  This is the amount of time after signing a contract in which the settlement seller can back out of the deal.  So, just getting one client doesn’t mean your business is assured. The buyer can back out.  Part of the

Wait.  Yes, you purchased a structured settlement in hopes of huge returns, but this means waiting months, perhaps a year, to get cash on this deal.  In most cases, this is monthly, sometimes annually, but you will need to support yourself and your business until the money starts rolling in.

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.

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Buyer of Structured Settlement Payments

An investor is aware that as a buyer of structured settlement payments an opportunity exists for a lucrative deal to be made. The chain of sale that is brought about when a buyer makes a purchase would prove favorable for all concerned. As all parties would have the same objective to increase return on their asset a structured settlement payments could count on the seller’s willingness to make a sale. Many recipients of structured settlement benefits are eager to sell as soon as possible. A swift sale would of course also be beneficial to a Buyer Of Structured Settlement payments.

It is understandable that a seller would have some concerns about selling his or her compensation. A major worry for a seller would be whether or not a Buyer Of Structured Settlement payments had the financial stability that would be required in order to make a cash settlement. Lengthy negotiations to smooth out each concern that a seller may have would normally take up a lot of time. However, a procedure that has been developed takes care of all the relevant questions and answers. This procedure has come about because of the need for a seller and a Buyer Of Structured Settlement payments to simplify the process in order to satisfy all of the parties.

It is for these reasons that the referral network of Quote Me A Price.com exists. This online referral system that is for the benefit of a seller and a Buyer Of Structured Settlement payments operates according to accurate information that is provided by both parties. Quote Me A Price.com retains and expands a comprehensive database on structured settlement investments. This service contains the data of each potential transaction and each Buyer Of Structured Settlement payments. All buyers would be notified of requests to sell so that a Buyer Of Structured Settlement payments may place a quote for a particular sale. Naturally, the buyer would have to be entered into the database of Quote Me A Price.com.

A seller would indicate that he or she would want to sell a structured benefit for a cash settlement. This information would be sent out to all of the various buyers. An interested Buyer Of Structured Settlement payments would place a quote. When the seller is satisfied that as many quotes have been received as is possible a decision regarding a buyer is made. The Quote Me A Price database consists of many a Buyer Of Structured Settlement payments that have been highly rated. The procedure for a Buyer Of Structured Settlement payments to find a willing seller is as easy as that.

The website of Quote Me A Price.com is www.quotemeaprice.com where online facilities are provided for their database. A Buyer Of Structured Settlement payments is welcome to take advantage of this process of buying and selling. As a serious and experienced Buyer Of Structured Settlement payments, you would have a continual source of prepared sellers. This type of system ensures that all the parties have to do is concentrate on getting the best deal. Quote Me A Price.com brings the best deals to your immediate attention.

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.

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