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Structured Settlement Sales: Hunting for the Right Buyer

As you may know from TV commercials, financial news, and from millions for ads on the internet. Sure, lots of buyers will respond to you. But beware: some buyers will make promises they realistically can’t fulfill when they try to tempt you to work with them.

What seemed like an ideal amount at the time of your structured settlement may no longer seem as beneficial now. Whether or medical expenses, a child’s college education, or to settle high interest credit card debt, more and more people are choosing to sell their structured settlement payments now than ever before. Here are a few things to consider before selling to make sure you’re on the right track.

1. Don’t fall for the smoke and mirrors.

Slick buyers will try to impress you with all sorts of “facts”-which may or may not be relevant to your situation. They may tell you great things they’ve done for their great customers, the size of their business, and annual revenues. This is all well and good, but these statistics don’t guarantee the buyer will treat you fairly and find the best solution for both your short-term and long-term goals. So how do you know if a potential buyer delivers on what they say, or are they just blowing smoke?

When the buyer talks, consider whether he or she has:

* Listened to your current and future cash needs.
* Gathered a firm idea of why you are selling structured settlements.
* Offered suggestions to help you reach your current needs without selling
your settlement.

When the buyer listens, consider whether he or she has:

* Actively listened to you explain your problems before giving you any answers.
* Focused intently on you as if you were the center of the universe.

2. Only sell what you need and not a penny more. Of course you want to sell your structured settlement because you need cash and you need it now. Right? Maybe not. Before you sell, ask yourself why are you really selling?

Just because you need money now doesn’t mean you have to sell your entire settlement or annuity. Maybe you need to:

* Buy a house or save one from foreclosure.
* Consolidate credit card debt.
* Finance education.
* Pay an immediate medical expense.

If you don’t have solid reasons to sell structured settlement payments, proceed with caution. A good buyer will tell you this and will offer options that meet your current need for cash, but also provide long-term security. There is no good reason to sell your entire annuity if you only need a portion of it for your immediate needs.

3. Ask questions

There are some things you should know before you sign a contract. Here’s one: ask your buyer what he or she doesn’t do well. A good buyer understands that limitations create focus and focus creates value. Admitting mistakes is a good sign of honesty, integrity, and intelligence. Here’s something else you should know: are there any alternatives to just selling your settlement outright? A good buyer will give you options-and alternatives may mean more money for you. Bottom line: the only stupid questions are the ones you don’t ask.

4. Know the danger signs

Beware of a buyer who:

* Calls you three or more times a day
* Has you speak with someone different each time you call their office
* Doesn’t argue with you ( in a positive way )
* Doesn’t return your calls
* Makes promises about when you will get your money
* Says: “don’t worry about it” or “trust us, we do this all the time”
* Knows less about structured settlements and annuities than you
* Sends you all the paperwork at once

Selling your structured settlement payments doesn’t happen overnight.  So watch out for companies that claim: “we can put cash in your pocket in a few days.” Don’t believe it. Find out how long you will realistically have to wait for your money before you sell. If it sounds too good to be true: it is. Luckily, there are many companies to chose from. So find the one that fits your needs- not theirs.

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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