News and Tips on structured settlement transfers.

Posts Tagged: sell settlement

10
Feb 14

Helpful Tips for Selling Your Annuity Payments

A reliable and steady income from annuity payments or structured settlements is essential for many people to live comfortable and stable life. Sometimes, however, a situation arises that requires a larger lump sum than is possible with payments. When this happens, having access to a large sum of money can be the difference in turning a bad situation around. Selling your settlement may be an option when the need arises, but careful consideration must be taken to decide if you really want to sell.

A Matter of Time

Time is but one of many factors you need to consider when you are thinking about selling your settlement. If you need money immediately, then selling your structured settlement is probably not going to be the best option. It can take a month or longer to go through the process of selling your settlement, depending on your state and local laws concerning the practice, and any court decisions regarding your need to sell. You must weigh the time factor heavily if you are thinking about selling, if your needs cannot wait, you may want to seek other options.

Options for Sellers

Before you sell your settlement, you should think about exactly why you need to sell for a lump sum. If you rely on the regular, smaller payments to pay bills and meet financial obligations, then only sell a small amount of your settlement. If need be you can sell larger amounts, even the full amount of your settlement, if you absolutely must have a large lump sum of money. You should be aware, however, that once you sell your settlement, you are no longer entitled to any payments other than your lump sum payout.

Possible Fees are Another Consideration

Sometimes, there are large fees, called surrender fees, which you should consider before making your decision. Taxes on your settlement or annuity may also need to be paid as well. Work with an expert firm, with a reputation for connecting sellers and buyers, which can be helpful when making these considerations. Working with a brokerage or firm can help you get all the information you need to make smart, well-informed decisions concerning your annuity payments.

When you decide to hire a brokerage firm, make sure to research them carefully, and look for one with a reputation for putting sellers in touch with the best, highest quality companies. The will ensure you get exactly what you need to meet your financial goals.

9
Dec 13

Use a Settlement Calculator to Determine Value of Your Settlement

Those who are in structured settlements are going to be receiving installment payments over the course of a certain period. The length of time of the settlement can vary, as can the amount of the payments. Many factors contribute to this, and the actual value of that settlement can even vary over time due to things such as inflation. Those who are trying to get a better idea of how much their settlement is worth should use a settlement calculator to get started. This can give them a better idea of the value of the settlement, and it can help them to determine if selling the annuities is the right thing to do.

Finding a settlement calculator online should not be much of a challenge today. Plugging in the numbers, including the number of payments left on the plan and the amount of those payments, can help to give you a better idea of what it is worth. Of course, you have to consider other things as well, such as any applicable discount rate. It might be a good idea to input your numbers into several calculators just to make sure that you are getting the actual value.

Knowing the amount that you have remaining can help you determine whether you might want to sell for a lump sum. Try to find a firm that is going to be able to offer you the best deal possible on the amount of money that you have remaining. Always take the time to consider just how much money you need right now to take care of your financial problem. Instead of liquidating all of the payments that you have coming, you might find that you only need to liquidate a portion of them. Use the calculator to determine how much this would be.

11
Nov 13

Is a Structured Settlement Annuity a Good Idea?

Most of the time during an injury settlement, the injured individual is simply not going to be able to see all of the money from a large settlement at once. The injured party and the insurance company who will be paying out the settlement for a fixed period. The payment terms for the settlement can vary. In some cases, they may last the entire lifetime of the claimant. They payments from a structured settlement annuity aim toward providing long-term financial care for the claimant. This means that it is very important to make sure that the annuity provider is reputable and has the proper credentials.

In some cases, the payments are monthly, and in other cases, the payments will be yearly. It all depends upon the terms of the agreement. It is generally going to be preferable to choose annuity payments rather than have the entire lump sum handed over all at once.

First, when someone receives a large sum of money all at once, he or she tends to overspend. Perhaps they’ve struggled at other points in their life and finally have the money to be able to buy the things they’ve wanted. This is an easy road to disaster. One of the other big reasons to choose a structured settlement annuity with payments is that with the lump sum, the claimant will not receive the full amount. It is possible to sell future annuity payments, but you will not always receive what they are worth. It is possible to find some quality companies that will offer to buy the annuity payments though.

Those who are in a position to receive a structured settlement annuity should always take the time to talk with a qualified attorney about the pros and cons. The attorney will be able to guide them through the settlement process to ensure that they are making the best decisions along every step of the way.

22
May 13

Reputable Companies Offer Cash for Structured Settlements

Every day there are individuals that receive a structured settlement annuity as their award in a civil lawsuit, as a result of injury or damages incurred at the hands of another. Many times, the annuity is payment for misconduct, negligence, or medical malpractice. Sometimes the amount of the monthly annuity payment is not enough to cover the expenses of the claimant, who might have to seek cash for their structured settlement as a way to survive.

Awarding a Structured Settlement

Courts often accept structured settlements as the method for paying the award. To the judge, it might offer significant advantages to the claimant in that it provides a monthly payment to meet living expenses, pay for education costs or even offer retirement income. Sometimes, it works as an effective tool to minimize the ability of the claimant to spend the bulk of the award in their early years, having no funds left as they age.

Terms and Conditions

The problem with agreeing to the terms and conditions of a structured settlement is that it cannot be changed, deferred, increased, decreased, or accelerated. Any time the claimant’s life changes, he or she is still stuck with the original arrangement of the structured settlement annuity. When this happens, many claimants seek ways to find cash for structured settlements they own.

There are numerous reputable companies that eagerly pay cash for structured settlements. However, before selling, the claimant or beneficiary of the annuity should determine exactly how much cash they require. The full amount of the structured settlement does not have to be sold, as companies are eager to purchase even a small portion of the annuity.

Once the determination has been made on the value of the structured settlement, an offer or quote will be made. It is advisable to obtain at least three separate quotes from different companies that offer cash for structured settlements, to ensure the beneficiary is receiving an adequate amount.

18
Apr 13

Who are the NSSTA

The National Structured Settlement Trade Association is the authority in the world of structured trade settlements. If you receive or are about to receive a structured settlement or annuity, then knowing about this organization and what they represent can be very important to you and your financial situation. They have a major role in the industry, and understanding what they do is vital for anyone about to begin a settlement payment plan.

The Beginning

The National Structured Settlements Trade Association was established in 1984, after landmark changes to the United States Tax Code made structured payments and annuities much more prevalent in society. The organization was created to help benefit individuals working within the structured settlement industry, including attorneys, consultants, insurance professionals and others. Currently, the organization represents almost 1,200 members across the nation.

Honest and Dependable

The National Structured Settlements Trade Association is founded on the principles and ideas of honesty and integrity. They strive to provide the most competent, fair and honest services they can to all clients who are about to begin the process of attaining their structured settlements. Dedicated professionals, they provide confidentiality for all their members and everyone they represent.

Noteworthy Benefits for Their Clients

The National Structured Settlements Trade Association offers certain advantages to the people who understand the benefits they offer. Any private citizen or organization that might be entering a structured settlement agreement can get peace of mind, integrity and security by knowing about and taking advantage of these benefits. But how exactly do they provide these types of benefits and advantages to their clients?

Knowing what to look for when you decide to sell your settlement or annuity is perhaps the most important thing for you to know. Working with a broker when you decide that you would prefer a lump sum payment over a regular settlement payment can help you get many offers that might be right for you, and enable you to compare them and their companies to find one that is best for you. A broker accredited with both the NSSTA and the BBB will ensure you are getting the best brokerage assistance, assistance that is knowledgeable and reliable.

The NSSTA, and their team of experts, can ensure you’ll integrity and excellence of service if you will be dealing with any of the inner workings and processes of a structured settlement plan or annuity.

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.

27
Feb 13

What You Need to Know About Structured Settlements

When a person is fortunate enough to be awarded a settlement or win a large cash prize, many think they will undoubtedly choose to get their money in a large lump sum, but this isn’t actually the case. Instead, most people choose to get their money through structured settlement payments. This allows them to have a steady source of reliable income, and helps eliminate the chance of blowing all the money immediately through impulsive purchasing.

Basically, you are agreeing to accept your money in incremental payments, made over a period of time. How these payments are set up, however, is up to you, and you can decide on how much or how little is paid with these payments. It is even possible to arrange for part of your money to be made in payments, with the rest given in a lump sum amount.

Though this process may seem like it takes vary little thought, the choice between a lump sum and regular payments is not always an easy choice to make. While some may think regular payments are the best option, sometimes there can be a need for larger amounts than is possible with a structured settlement. But once your payment details have been set and agreed upon by you and by the court, you will have limited access to those funds, except for the regular payments.

Sometimes people need more money than these payments can provide, and that’s when they realize the problem with structured settlement payments. Even though the money is yours, you don’t have access to it. Even so, a competent settlement broker can help you get a lump sum by working with you to sell your settlement. A broker can put you in contact with a company which specializes in purchasing settlement payments, granting you access to the lump sum payment you need to meet your financial needs. They have contacts with many companies, and can quickly get you many offers to compare and choose from. They can also help guide you through the process of selling your structured settlement.

Choosing the right broker, however, is very important. Not every company can put you in contact with the best company for you, and some firms can be unscrupulous. Making sure the company you’ve chosen has a reputation for high satisfaction customer service can be vital to achieving your goals.

18
Feb 13

The Inner Workings of Structured Settlements

Structured settlements – payments set up over a period of time – have become a staple of modern life. From the lucky lottery winner, to victors of lawsuits and injury claims, structured settlements are all around us. What you need to know is exactly how these settlements and payouts work.

Understanding Structured Settlements

Structured settlements aren’t complicated; it takes very little effort to understand how they work. Basically, a structured settlement is a payment of a sum of money, in increments, over a set period of time. Payment of the sum awarded takes place over months, years, or even a person’s lifetime until the full amount owed has been paid.

Why Choose a Structured Settlement?

Understanding the advantages of structured settlements is necessary when learning about structured settlements and how they work. Even though you won’t get your money in one lump sum, there are many benefits to choosing structured settlements. For example, it can be very easy to blow a lump sum settlement in a short period of time, something that receiving smaller, structured payments prevents from happening. It also guarantees a steady, reliable source of tax-free income, if structured correctly.

Other Things to Consider

While structured settlement payments offer benefits and advantages, there are a few disadvantages as well. Perhaps the biggest disadvantage is, once the payments have been set, you can’t change them. You also can’t have full and complete access to the entire amount awarded to you, so if a need arises or something about your living situation suddenly changes, your smaller payments may no longer meet your needs. Knowing you have a large enough amount of money to seriously improve your situation, but with no way to get it, can be a very stressful position to find yourself in.

A Solution to the Problem

Luckily, there are ways to remedy this for people who find themselves in such a situation. There are companies, for example, who buy structured settlement payments and awards for lump sum amounts. Though you will get all of your money at one time, you won’t get the full amount owed you by your settlement. Still, you can use this lump sum for anything you want, from vacationing to making needed repairs and renovations to your home. Selling your payments can be a great choice when the need arises, but be sure choose your buyer carefully and do your research before making your decision.

4
Feb 13

The Advantage of Utilizing a Structured Settlement Broker

If you need the money you have been awarded from a settlement immediately, selling your settlement to a structured settlement broker is a very good choice. This is especially true if you are struggling through financial problems. Getting your money now can be essential when faced with mounting medical bills, bill collectors, and a loss of employment. Though, you should not try selling your settlement without the services of an expert in the field.

Making the Right Choice

Structured settlement offers can vary widely from company to company. Some companies may only want to purchase part of your settlement payments. Other companies might charge outrageous percentages and fees, meaning you will get less of your settlement than you actually deserve. Other companies could have a less than stellar reputation with the public. No matter your situation or specific needs, a structured settlement broker can help you make the best decision for you.

Quick, Competent Service

Another reason to go with a structured settlement broker is how quickly they can assist you with getting offers. Getting offers may take a while, because it can take a long time just to find a buyer if you attempt to do it on your own. However, when you enlist the services of a structured settlement broker, you could start receiving offers in no time at all. For people facing financial difficulties, getting things done quickly can be a lifesaver, because the quicker they get some offers, the quicker they can get the money they so desperately need.

Looking After Your Best Interests

Not all of the companies out there that buy structured settlements may be right for your particular situation. Some companies may have bad reputations, while others simply may not have terms that are right for you. A competent structured settlement broker can help you to look after your own best interests, and find a reputable buyer dedicated to giving you what you need to meet your needs and goals.

Utilizing a reputable broker will help provide access to a large selection of qualified buyers, help you find the information you need to make informed decisions, and help guide you through the process of selling your settlement. Regardless of how easy those late night infomercials make it seem, selling your structured payments can be a difficult task. An expert structured settlement broker can help you with the process and remove some of the difficulty for you.

26
Dec 11

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.

14
Jul 11

Medical Relief via Structured Settlement Sales

Sometimes selling your structured settlement payments becomes the best option for relief from debt. If you are deep in debt from a medical bill and are receiving a structured settlement, you can sell structured settlement to get a lump sum cash advance. You can then use this lump sum cash advance from selling your structured settlement to pay off the debt before it gets worse. In some cases, just the interest on your medical bills if you we not to pay them off promptly can be greater than the fees you may pay fro selling your structured settlement payments for a lump sum.

Get rid of that huge medical bill debt and sell structured settlement

If you have a huge medical bill, there is a good chance that you have a structured settlement, (and if you don’t, you might want to look into what y our options are).
Structured settlements are helpful to people who have sustained a serious injury and cannot work any longer. Sometimes, however, the regular amount of the structured settlement payment is not enough to lift them out of the debt that they acquired from the medical expenses that resulted from that injury.

With the large number of factoring companies offering this service, you should have little to no trouble selling your structured settlement payments. When it comes time to sell, refer to previous articles on how to find the right company for you. Once you find that company, you have no more waiting for your monthly structured settlement payment. No more worrying about your debt. No more fitting your huge medical bill debt into your monthly budget.

When you sell structured settlement and receive a lump sum cash advance you will suddenly have the luxury of paying off that huge medical bill and still have money to live off of.
So you decided to sell structured settlement and get a lump sum cash advance. Now what?

First, pay off that huge medical bill because it will keep building and will put you further into debt if you don’t. Then take whatever money you have left over from the lump sum cash advance you got and invest it. Make sure you invest wisely; in a way that you can gain enough interest that you can live on.

Make sure you speak to a professional about this. When you sell structured settlement and get a lump sum cash advance, there is always the danger that you will not be able to budget your money after you pay off your huge medical bill. Don’t let this happen to you!

Let Companies Compete to Buy your Structured Settlement!

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