News and Tips on structured settlement transfers.

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Posts Tagged: Marketplace


23
Aug 10

Structured Settlement Factoring FAQ

How do I know if I need to sell my structured settlement?

If you are facing an unexpected financial crisis and have no other way to raise the cash you need to avert losing your home, paying medical bills or any other emergency, selling your structured settlement is a good option.

How do I find a company to buy my structured settlement?

Quotemeaprice.com will do the legwork and provide a marketplace for you to find the buyers who are willing and able to buy your annuity or structured settlement.

How does the marketplace work?

Just like an auction, different companies will bid on your note, lottery payment, annuity or structured settlement. You will get the most cash possible. This is all done on quotemeaprice.com. You do not have the headache of being called by multiple companies, and it saves you money. It is also good for the buyer. They can go to one place and see multiple listings of annuities or structured settlements for sale. All the information they need to make a bid is there.

How can I be sure a structured settlement buying company is the right one for me?

A good company will have a Better Business Bureau record with satisfied clients. See if there are any complaints about a company on a Google search.

Will all companies give me about the same amount?

No. Some companies will give a very low quote to maximize their profit. Always get quotes from several places and don’t disclose the quotes from other companies. In this way, it will be clear which company is trying to help you and which one is looking out for itself. The more companies that know you are selling a structured settlement, the better price you will get.

How do I know what the price should be?

There are calculators available that can get you an estimate of the value of your structured settlement or annuity. Quotemeaprice.com can help you with this or you can contact your lawyer, accountant or tax person.

How long will it take to get my money?

A good company will guarantee a closing date. If they mention an interest drag to delay the closing, find another company. Expect closing in 8 to 12 weeks.

What if it takes longer than 8 to 12 weeks?

In the closing guarantee you should add that any delays will award the per diem amount be paid to you at the time of closing. If they agree it will prove that the company is not delaying your case to make a profit.

Is there any government protection for the seller?

Most states have the Model State Structured Settlement Protection Act or something similar. This Act requires a full disclosure of all the terms of the sale. This includes the discount rate, number of payments and any charges for breach of the agreement. You should insist that the buyer complies with the Act. In some cases it may be required to have independent financial or legal advice. Quotemeaprice.com can also help you with this.

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.


7
Aug 10

A Marketplace is the Best Place to go for Liquidating Structured Settlements

Structured Settlements are meant to be residual payments paid out over a period of time. Some people count on receiving those payments on a guaranteed scheduled time frame. However, when the actions of life happen, as they often do, it can be an asset to cash out these payments into one lump sum. There are a number of ways to do this. One of the best ways is by utilizing a marketplace.

What is a marketplace

A marketplace is much like it sounds. It is a place that will market your request for cashing out, or liquidating, your structured settlement. Instead of receiving several payments, a person will receive final one lump sum. The marketplace enables people to list their request and have it viewed by multiple companies.

Let the bidding begin

A marketplace is like ebay on steroids. A request for cashing out a structured settlement is placed. The listing is then viewed by several structured settlement factoring companies and investors. The companies then enter into a feeding frenzy of bids for that settlement. The winning company’s bid is the one the person will end up with. The winning company will then complete the process by taking the transaction through the court system and providing the final lump sum payment to the tort victim.

What settlements can a marketplace list

There are certain payment streams that can be listed in the QuoteMeAPrice.com Marketplace. QuoteMeAPrice.com has buyers for structured settlements, annuities, lottery payments, and mortgage notes.

Benefits of marketplace

The marketplace offers a quick way to get cash for your structured settlement, note, lottery payments, or annuity. The recipient doesn’t need to be harassed by several companies, all the bidding is done in one place. This means less stress, the recipient saves money and headaches.

The marketplace is a great option for people seeking to cash out a structured settlement. They offer peace of mind by receiving the most cash for your future payments.

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.


3
Aug 10

How to Get the Most Money for your Annuity Payments

Are you looking for an annuity buyer? Quote Me A Price.com has the top annuity buyers waiting for the chance to give you cash quotes. Have top buyers of annuities compete with cash offers and get the maximum cash back from your annuity sale.

How does the process work in selling an annuity? First it starts with you getting your exact payment amounts, and payment dates. Funding firms will want to know this. The insurance company that writes the annuity is also important as some companies can restrict the sale of your annuity to third party entities. An annuity buyer will want to know exactly how many payments of your annuity you want to sell. As the annuity owner, you can sell certain payments, the entire annuity, or you can even tell annuity buyers that you want to receive a certain amount of cash. Example, you can tell annuity buyers, I want to receive $50,000 cash, how many payments do you want to buy?You will then get quotes on how many payments you’ will have to sell in order to get your $50,000 cash.

Quote Me A Price.com gives you the perfect venue to make such request to annuity buyers and get multiple cash quotes. (with no obligation) Once you’’ve carefully reviewed your quotes, and come to a decision annuity buyers have for the most part the same format. You’ will need to provide a copy of your annuity policy, a copy of a release form. If your annuity is from a structured settlement, you’ will also require a court order. Most annuity buyers will take care of all cost involved in the process, and give you a net cash quote. (It’ is always a good idea to ask for a net quote, and on the QuoteMeAPrice.com platform you always do get a net quote) All in all the experience of selling an annuity to an annuity buyer can be relatively painless, provided you have the necessary paperwork in order, and are getting the fair market price for your annuity. The way to ensure the fair market price for your annuity, is to post it on Quote Me A Price.com and have top rated annuity buyers compete with cash quotes.

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.