News and Tips on structured settlement transfers.


Getting the Best Deal for Your Structured Settlement

OK.  So you have a pressing financial emergency.  You’ve considered all your options, and you realize that cashing out your structured settlement is the best way to get the money you need.  So now what?  You want to make sure you get the best possible deal.  Here’s how.

Shop Around.  Choose a site like where you can advertise the details of your structured settlement, and let buyers fight to give you the best deal.  Let them really duke it out, and don’t jump at the very first offer.  Sometimes, buyers will float a low offer just to see how quickly you’ll bite.  Resist the temptation to accept the first deal you see.

Check Them Out.  Not all buyers are created equal.  You want a structured settlement factoring company that is going to treat you honestly, will stick with the deal they offer you, and won’t try to play games with you.  Once you’ve gotten a list of prospective buyers from your bids at QuoteMeAPrice, check them all out on the Better Business Bureau.  Virtually every buyer will have some complaints, but you should look at the nature and the amount of complaints.  Are there lots of accusations of hidden fees?  Changing the deal mid-stream?  If so, maybe you should avoid that buyer.

The opposite extreme  – no information available at all – can also be a warning sign.  This could mean that the company is brand new to the structured settlement factoring business.  While that isn’t a danger sign per se, you don’t have any history to consider, and no clients to ask.  Proceed at your own risk.

Consider the Warning Signs.  So, you’ve gotten bids.  You created a short list.  You did your due diligence.  And now, you’ve chosen your buyer.  But your vigilance shouldn’t end there.  Read the deal carefully.  Read all documents carefully, and ask questions about anything you don’t understand.  If any part of the written documentation doesn’t agree with the deal you were offered, insist that the contract be changed.  Also, take a hard look for any fees that you will be paying.  Are these fees permitted under the laws that govern structured settlement factoring transactions in your state?  Even if they are, every fee takes money out of your pocket – try negotiating them first before you sign.

Selling your structured settlement is a huge decision with a big impact on your personal finances.  You owe it to yourself to get your best 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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