News and Tips on structured settlement transfers.

Sellers

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.

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.

25
Dec 11

Buy My Annuity Payments

There are lots of different ways to fall into an annuity. Some people receive them as compensation for years of work. Others receive them through settlement plans from some lawsuit or potential lawsuit. Others still purchase annuities as a means of investment. When you get the annuity, you almost always think that you will be fine with collecting the money slowly over time. But circumstances can change. Life is such that things are almost always changing and you might need the money right away instead of over the course of time. If I wanted someone to buy my annuity payments, I would need to weigh the decision and make a proper determination first and foremost.

Should I get someone to buy my annuity payments?

This is largely a loaded question. My situation and your situation are likely to be different. If you find yourself in a place where a lump sum of cash would do a great amount of good, then it can make sense to sell your annuity payments to a company that is willing to offer an acceptable lump sum. If you have some investment idea or some pressing need for the money, then you would be wise to get someone to buy your annuity payments for cash right now. Before you make this decision, you need to analyze whether or not it makes sense to you.

In order to do that, one must first understand the time value of money. The basic fundamentals of economics tell us that money right now is better than money in the future if the amount is the same. This is because of all the things that you can do with the money. Inflation is such that the same amount of money now will be worth less in the future. Likewise, if you have investment possibilities, then you could potentially make the money grow at a rate that makes sense. These are things that you will need to think about as you decide whether or not to sell your annuity payments.

Selling your annuity payment rights

You might have guessed by this point that the company that buys your annuity payments will pay a discounted price for them. That is how they make money. Whether or not it makes sense to make this sacrifice ultimately depends upon the price you are getting. You will have to sacrifice something to get the money up front, but you shouldn’t give up too much value. A smart consumer will shop around and settle on the best possible annuity buyer. Some companies are very good at giving you a lump sum quickly. Do your research and work with a reliable, reputable company if you are going to sell your payment rights.

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!

14
Jul 11

Making Sense of Selling Your Structured Settlement

When you want to sell your structured settlement payments some companies you may talk to will feed you the oh so popular line that “It’s your money” do do with as you please. Well, yes. It is your money. And, yes. You may spend it however you like. What the often won’t mention is that sometimes the reason for selling is valid, and sometimes your reason just doesn’t make good financial sense.

If you’re planning on going on a holiday shopping spree and need a little extra cash to fill the stockings, your structured settlement is not a good place to look for dollars. However if you have gotten yourself into a situation where you are drowning in debt at very high rates, it may make financial sense to use part of your settlement to clear the books.

When faced with a serious financial crunch, some people hastily sell their annuities and structured settlements to the first company who would be willing to buy them for a lump sum amount. These companies who are willing to buy-out annuities and structured payments are commonly referred to as “Factoring” companies, because they use “Factors” to determine how much future payments are currently worth, and how much they should buy them for.

Many companies that advertise structured settlements web make the process seem easy. The process of selling your structured settlement can be a complicated legal process that requires court approval and can take up to 90 days to complete. Structured settlements are not available in every state.

Selling your settlement under some of these scenarios can save you money and ensure you keep a solid credit rating, however it is critical to note that if you are going to sell all or part of your settlement to pay off credit card debt, you must have a plan to keep that debt from creeping back up on you or it will all have been for nothing. This requires making a future budget and possibly consulting with a financial counselor to figure out how to keep out of such a financial mess in the future.

Your structured settlement or annuity is the foundation of your financial future. If you find yourself in financial need now, you should at the very least give yourself a couple more weeks to shop your deal to the competition.

You might be telling yourself that you cannot afford to wait, but the truth is that you cannot afford to take the first bid that you are offered. In some cases, jumping at the first offer could be the equivalent of financial suicide to a structured settlement owner.

It’s important to speak and deal with a company that knows the process well and can take you through it smoothly.

14
Jul 11

5 Things Before You Sell Your Structured Settlement

I many situations in the life, to get a lump sum is a must and you just cannot wait for the structured settlement annuity payments, which will come in the future. The market has operators, which can buy your structured settlement and to turn it into the cash money.

Many people, who have met sudden cost increases, like the increase in the medical bills, are the typical users, who are willing to sell their structured settlement annuity agreements. An owner can sell also only a part of the structured settlement annuity agreement.

1. You Need A Reputable Buyer.

The world is full of scam companies, who just want your money. The worst thing, which can happen is, that you will lose the agreement without getting anything. So what you need to do is to find a reputable buyer, to whom you can trust. Talk with their earlier customers and contact the Better Business Bureau.

2. Talk With The Legal Advisor.

But guarantee first, that this legal advisor is a legitimate operator. The advisor can guide you to pick the right buying company, rather a long term venture, who will do the payments as agreed. The advisor can also guide about the contract terms, especially those small print details.

3. Do You Know Your Rights?

First, to sell the structured settlement annuity agreement is totally legal process and accepted by the most states. Private persons have done these deals for years. However, only the legal advisor can tell you what is permitted and what rights you have in the process.

4. Evaluate The Position Of Your Structured Settlement In Your Long Term Financial Plan.

Why? Because the regular payments were parts of your earlier plan and were needed to guarantee, that you can manage all the payments. When you will sell the total agreement or a part of it, those regular payments will disappear totally or partly and you will get cash money instead. What happens?

5. The Expert Guidance And Several Offers Are Needed.

The selling of the structured settlement is a long term, legal arrangement, which includes, that you will fully understand the details and that you will pick trustworthy companies and other experts to operate with.

In this process talking to other people is really valuable. The more you get the expert guidance and the more you read, the better deal you will make. The worst thing is to make a deal in a hurry with the first company you meet.

14
Jul 11

Thoughts on Selling Your Structured Settlement

At some point or another, you may find yourself in a situation where you are in urgent need of sizeable, lump sum amount of money. Perhaps you need money for a medical emergency, make a down payment on a house, or start a business. If you are unable to raise the required sum through other means it may be tempting to sell off your structured settlement payments to one of the plethora of structured settlement companies out there. Before you do so, however, there are a number of things you’ll want to bear in mind.

Firstly, many states actually have restrictions regarding the sale of structured settlements. Therefore, you may not be able to sell them even if you want to or need court approval first. Moreover, the terms of your settlement may not allow such a sale either. Even if it is possible to your sell your structured settlement, you need to realize that it is quite likely that you’ll lose money in the long run. Structured settlement companies are out there to make a profit and so the offers they make to you may be quite low. Yet another drawback is taxes. While you are receiving payments from a structured settlement plan, they may be tax free. However, as soon as you sell them, the amount that you sell them for may well be taxed.

If you are currently eligible for a structured settlement but have not yet entered into a formal agreement, we strongly recommend that you look into prearranging its terms in a way that anticipates your future needs. It may be possible to set it up in a way by which you receive an initial lump sum followed by periodic monthly or yearly payments or receive lump sum amounts at some future point in time. A competent lawyer can help with this. Sadly, if you are already in a binding agreement and did not do this, you won’t be able to change its terms and now request a lump sum from the paying party. If you find yourself in such a situation and you must sell your payments, be sure to contact an attorney and have him review the terms of any agreement that’s on the table and ensure your rights and interests are protected. Your attorney will also be able to tell whether the amount you will receive is fair. We also recommend that you shop around until you find a company willing to pay you a competitive price. Make sure they are well reputed and well-funded so that you in fact receive the payment you are due. Contacting a tax professional is also a good idea to figure out if there are ways you can reduce the amount you will need to pay.

There are many drawbacks to selling structured settlements but if you find yourself in a situation where you must do so, we hope you find the advice in this article to be useful.

6
Jul 11

Selling your Structured Settlement Payments: Skip the T.V. Hype

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.

6
Jul 11

Selling Your Structured Settlement Payments & Long Term Considerations

If you need to get cash by selling your structured settlement payments, there are some important matters that you should be concerned with. The long term cost of selling your structured settlement for a lump sum payout are substantial. Most people don’t take these costs into consideration and only focus on the immediate impact of a large cash windfall.

If you finally do decide to go with a structured settlement brokerage company this what you need to know about the law.

If you’re in a lawsuit, some services “offer” you the ability to “sell” your structured settlements to them. In exchange, they provide you with a lump sum of cash in the event you need this type of financial resource.

Laws do protect consumers from brokerage companies that are unscrupulous. Most often, the settlement agreement also specifies a non-assignability clause. Basically, this is unenforceable, though.

Some of the purchase agreements require the consumer to stipulate to a host of provisions which severely restricts consumers rights and raises questions as to their basic fairness. To forestall suit, however, the contracts often require the consumer to defend and hold harmless the purchasing party in any lawsuit.

The price terms usually unfair. Summary accounts show that some sales are completed with a 12 percent or 15.8 percent discount rate, but other sales have been completed with a rate as high as 55, 65, and 75 percent. In addition, since the discount rate is always calculated on the purchase price which includes brokerage and other expenses “agreed” to by the seller in the contract, the real discount rate and cost of the transaction to the seller is artificially depressed. Moreover, there is no requirement to disclose to the seller, in understandable terms, the total fees of the transaction. Given the unfairness of some of the transfer agreements, consumers need protection from factoring companies that take unfair advantage.

Some say that structured settlements give financial protection that’s sorely needed to severely injured victims, so that they are protected from having their benefits prematurely dissipated; periodic payments are tailored to the medical and living expenses of the victim and the victim’s family, and it avoids shifting the responsibility for the victim’s care to the social safety net financed by taxpayers. These same people say that factoring companies that purchase future structure payments for sharply discounted lump sum payments are dramatically on the rise. This means that the structure is taken out of the structured settlement, in that the injured victim enters into this with a third party, thus going completely outside of the structured settlement without knowledge of any other parties involved in the structured settlement itself.

According to industry watchdogs, the unscrupulous side of the structured settlement factoring business is rapidly growing. One company announced that it has undertaken more than 7,700 structured settlement purchase transactions with a total value of $370 million. During the first nine months of 1997, the same company undertook more than 3,700 structured settlement purchases paying $74 million for $163 million of structured settlement payments.

What that means is that the long-term financial security and careful planning so painstakingly set up to take care of the needs of the injured victim and his or her family are being tossed aside. This is all because factoring companies offer quick cash at deep discounts for future structured settlement payments — but at what cost? Once these victims have given away their only source of assured future financial income, they may indeed have to go on public assistance to cover future basic living expenses and medical expenses — even though this is what the structured settlement plan was set up to avoid.

6
Jul 11

Structured Settlement Selling: What Are Your Needs?

There is no doubt that selling your structured settlement payments can help get you out of a tight financial situation. If you or a loved one are receiving structured settlement payments or you are expecting to receive settlement payments there is a good chance that you are considering the possibility of selling structured settlement payments for one lump sum of cash but is selling this guaranteed income stream the right thing to do. As in most financial decisions, there is no single answer as everyone’s situation is unique. There are however, a few things to you should think about before making this important financial decision. Here are three important ones to keep in mind.

1. Structured settlements are usually a result of an injury from an accident or medical malpractice that made you unable to continue to work. Unfortunately, for some recipients the payments are insufficient to cover their normal costs of living. In these cases seeking a lump sum payment may be the only real choice. However, it’s vitally important that you keep in mind that a lump sum will only cover you for a period of time. Once the lump sum is gone, you may be without any income or have limited income from Social Security disability. If you are in this situation and decide to take a lump sum for your payments, you should a) Create a monthly living expenses budget and adhere to it so as to be sure your lump sum of cash lasts as long as possible and b) Take a portion of the lump sum of cash for re-training in a job that you can physically handle or to start a home business. This way you should have enough monthly income to cover your monthly living costs.

2. If you are fortunate enough to not have to sell a structured settlement in a lump sum but are still considering selling your structured settlement’s payments, you need to determine if the future value of your periodic payments is worth less than a lump sum of cash in the present. You will need to get a lump sum quote for the payments so you can compare the two. Effectively, this comes down to what you think inflation will be over the remainder of your payments. Be aware of the government’s inflation numbers, as the core rate of inflation does not include items like food and energy because of their volatility. However, these costs of living are very real for every one heats a home, buys gasoline for their car or goes to the grocery store to buy food.

3. Lastly, if you are considering taking a lump sum to make a very profitable investment or pay down debt, you will need to analyze the expected return versus the fixed income from your structured settlement’s payments. You may want to consult a financial professional to help you figure out these two options.

Selling structured settlements can be a stressful event. Try and use logic and hard financial analysis to help you with this critical decision. Down the road, you’ll be happy you did.

6
Jul 11

Structured Settlement Sales: Considering our Economy

At some point of time, it may happen that you’re in need of urgent cash to pay off your debt obligations. During this strained financial time in the US, there are very few people who earn huge amount of money and are satisfied with what they are. If you’ve opted for debt settlement to make debt more manageable and not got much desirable financial results, you might get money by selling off your structured settlements. There are many companies that will offer you with a lump sum amount of cash in lieu of the structured settlements. The sale of the structured settlement payouts are regulated by the US law and more than 40 states in the US abide by this law thereby making the process of selling more authentic. If you’re unaware of the entire process of selling your structured settlements, here’s help for you. Read on to know some important questions those are mostly asked by people.

Is it really necessary to sell off your structured settlements?

While some people are content with the amount of money that they get monthly and annually, there are some others who need more money to pay off their surging medical bills, utility bills or unpaid credit card bills. If you’re someone who is confused about whether or not to sell off your structured settlements, you must consider taking a decision in accordance with your changing financial needs. The options that you have will also depend on the state laws where you live.

Is it legally right to sell off your structured settlement?

Unless there are no stipulations in the settlement agreement about you not being able to sell them off, it is always legal to carry on such transactions. You must make sure that you read all the details of any proposed agreement that is offered to you. Remember that you’re not obligated to repay the amount and therefore you may feel free to compare the rates that different structured settlement companies are offering you.

How much will you need to pay to sell off your structured settlements?

You need not worry about having to pay any money while selling off your structured settlements. This is for you to know that no structured settlement company will charge you any kind of advance fee before you begin the process of selling your structured settlements. If you agree to sell off your settlements, the processing fees and other legal entities will require being fully disclosed. If such fees are to be taken, they have to be deducted from the settlement amount that you get.

Is it necessary to pay taxes on the payments of the structured settlements?

As you know that taxes are a part of life, they will be deducted from any income that you and your household earn. Within a given tax year, if you receive any payment by selling off your structured settlement, you need to pay taxes on it. It is always wise to figure out how this added payment will affect your present financial situation.

Thus, if you’ve incurred debt and not got much positive results from debt settlement, you can sell your structured settlements in exchange of cash. You can utilize the proceeds in paying off your multiple financial obligations and lead a debt free life.

Let Companies Compete to Buy your Structured Settlement!

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News and Tips on structured settlement transfers.

Sellers

Is it smart for me to sell my structured settlement payment rights?

So who would be buying structured settlements?

Should I get someone to buy my annuity payments?

Selling your annuity payment rights

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

Is it really necessary to sell off your structured settlements?

Is it legally right to sell off your structured settlement?

How much will you need to pay to sell off your structured settlements?

Is it necessary to pay taxes on the payments of the structured settlements?

Let Companies Compete to Buy your Structured Settlement!

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