We all face financial difficulties in our lives at one point or another. However, not all of us have the option of selling our structured settlement payments for a lump sum to cover short term gaps. Do you want cash for your structured settlement? Brokerage companies, also known as factoring companies, want to trade you lump sums of cash for your future annuity payments. If you are looking for money, want it now, and are willing to lose long term money, for that lump sum payment, structured settlement companies might be for you.
There are some very important financial matters that you should be aware of. If you do need money for your structured settlement payments, realize that you will be transferring ALL of your future earnings to the brokerage company.
You can see commercials for structured settlement payment transfers on TV all the time. They are making a boat loads of money in this business. Most cash for structured settlement brokerage companies do business ethically, you should keep in mind that they want your money. Every interaction you have with them is designed to get your payment rights transferred to them. So, no matter how friendly the people might sound on the phone, they’re NOT your friends. They only want your cash.
So unless you’re in dire straits or you absolutely need the money or the house will be foreclosed ” or some other life shaking event ” in is in your best interest, financially, to take the slow drip payments.
Structured settlement and annuity companies profit by giving working class people like you large lump sums of money that are, sometime extremely, smaller the discounted face value the payments.
Because of abuse by some structured settlement companies, you are now guaranteed favorable tax treatment if you do decide to transfer your structured settlement payment rights. However, the laws governing these practices don’t always guarantee your protection. For this reason it is often advised to seek professional financial advice from someone that has no vested interest in your final decision prior to completing the sale.
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.
Tags: cash for structured settlement, sell payments, sell settlement, sell structured settlement, selling payments
