News and Tips on structured settlement transfers.

Posts Tagged: selling payments

17
Feb 14

Finding the Structured Settlement Company that is Right for You

Structured settlement payments, provide a reliable, stable source of income for the long term financial future of people who receive them through winnings or settlements. Structured payments are better than lump sums for many reasons. Structured payments, for example, prevent people from spending all of their money at once, leaving them with a steady income paid over a set period of time. Even so, there could be situations that can occur where having a larger sum of money is necessary. A competent structured settlement company can be your best bet when these occasions arise.

Company Longevity

A good place to start when looking for a settlement company is to check how long they have been around. A company with a stable history behind it is always a solid choice, though there’s nothing wrong with working with a new company. However, newer companies won’t have the solid reputations and history of quality service that established companies will have. A newer company might be a solid, trustworthy business just getting started on the market. Or, they can close and disappear tomorrow.

Quality Service

You also need to take into consideration a company’s reputation for dependable service. Everyone wants to choose the best, most reputable company, but determining a company’s reputation can be a challenging task. Most customer reviews on a company website should be viewed with a critical eye; a better place to find the information you need is at the Better Business Bureau. This is a great tool for researching many aspects of the company in question. From their business practices, satisfaction ratings, and history, this is a great way to determine if you are looking at a legitimate and honest company, or a fly-by-night operation that will cause you more pain than they are worth.

Getting Results Quickly

If there is anything that the leading structure settlement companies will have in common, it will be the ability to get you a variety of quotes from buyers in a short amount of time. This allows you to look at the competing offers and compare them in short order, with no long waiting periods. This will enable you to get compare companies and pick the offer that best meets your needs.

Thoroughly researching and comparing structured settlement companies will enable you to take full advantage of the money that is owed to you, and help you get the deal that is best meets your needs.

2
Dec 13

Why Should You Cash in Your Annuity

Getting an annual annuity payment makes a lot of sense for some people. An annuity can afford you the security and reliability of a regular income, regardless of whether it is from an insurance policy or from winning the lottery. Or at least, that’s what it is supposed to do. Annuity payments can guarantee you a regular income over a specific time-frame that allows you to live a normal life and plan for your future. Things don’t always work out like we want, however, and sometimes annuity payments aren’t as beneficial as we would have thought.

Growing Expenses

Some people may need to cash out their annuity to pay off unforeseen expenses, like emergency medical bills, that can arise suddenly through no fault of your own. Annuity payments may be great for the average person’s everyday life, but a medical emergency can quickly become too expensive for your payments to cover and leave you owing a lot of money. Annuity payments are nice for what they are, but if you find yourself in an unfortunate situation, then you may find yourself facing mounting bills and calls from collectors when your income simply can’t cover all your expenses.

Where to Look

When looking to cash in your annuity, there are things you can and can’t do. You can’t simply go ask for the rest of your money at the bank, for example, even though technically all the money is yours to begin with. They don’t have to give you anything until time for one of your payments, and then they will give you that, and only that, which you agreed upon when setting up your payments. However, you can sell your annuity to a company that specializes in buying annuities and structured settlements. This will let you get a lump sum of cash to take care of any needs or circumstances you might have found yourself in. Paying for education, repairing your home or car, paying bills, whatever you need to do. Not all buyers are the same, though, and different companies may offer differing amounts for your annuity. That’s why it is always a good idea to shop around and compare offers to make certain you get the right offer for you. That is why working with a broker is a great idea. By using their knowledge and expertise, you can get the offers you need in a timely manner, and be able to choose the option that is right for you and your family.

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.

26
Mar 13

How to Sell Your Annuity Payments

In the long run, annuity payments can provide a reliable and stable source of income. However, many annuities will be paid over a considerable amount of time, such as lifetime payments, which can go a long way toward providing for those with limited income potential. As ideal as structured payments are, however, they might not be perfect for every situation or instance. They may not be right for you as well, if you are considering selling your annuity payments.

What are Your Needs?

You can’t sell your payments for something trivial, like an RV or a vacation. Any planned structured settlement transfers – such as your annuity – go before a judge who will look at all the facts of your case. Once there, you will have to demonstrate your actual need to his satisfaction – your need for a transfer must be vital or urgent before it will be approved.

Look for Buyers

If the judge determines your need warrants a sale or transfer of your structured settlement payments, you will need to find companies who buy settlements and annuity payments. There are many companies to choose from, but it can be hard to locate and contact a reputable and trustworthy company. You will need to put in a lot of time and effort to find a company that can satisfy your needs. After locating a few possible companies, you’ll need look over and compare the offers they will make to you.

Choosing the Right Company for You

Researching companies and entertaining offers can be a daunting task to take on by yourself, but there are alternatives to making a go of it alone. Many experienced structured settlement companies have contact with some of the most reputable and trustworthy buyers of settlements and annuities. Using a competent broker can be invaluable when selling your annuities. With the right structured settlement broker, you could start receiving offers shortly after completing and turning in your information to them.

Perhaps the biggest benefit to using a settlement broker is having a competent and skilled advisor working on your behalf to ensure you receive offers from the most reliable and trustworthy companies, eliminating the fear of finding yourself trapped by an underhanded, predatory company who only care about getting your money. A helping hand can provide some significant peace of mind, and a competent structured payment settlement broker can provide this, and more, when you choose to let them help your sell your annuity.

5
Mar 13

Facts You Need to Know Before Selling Your Annuity

An annuity payment may provide you with a steady and reliable source of income, but this may not be enough if the need for a large lump sum of money arises. But there is a way you can receive a large sum of cash instead of scraping by on smaller payments. Selling your annuity might be a viable choice for you if the situation does come up, but there are things you should know in order to determine if this is the right option for your needs.

Laws and Regulations

Before attempting to sell your annuity, you should find out what the state and federal laws are that could affect your sale. Each state is different, so you need to be sure any offer falls within the guidelines set forth by lawmakers to ensure a sale is both fair and warranted in your situation. Legal counsel can be invaluable, and help guide you through the murky and often complicated process of selling your annuity.

Check the Percentages

Another important factor to consider is how much money you would receive from a proposed sale. Naturally, you won’t get 100% of the money owed to you through the annuity, as companies are in business to make money. Companies generally pay a percentage of your total annuity, based on your total amount, your payment terms and other factors. Companies vary in the way they make offers and do business, so careful comparative shopping is a must. Carefully considering each company and comparing offers will guarantee you will get the best deal you possibly can.

Get Multiple Offers

You should get as many offers as you can when deciding to sell your annuity. That way, you will have many different options and offers to compare, giving you the best set of choices to help you in your time of need. A broker can help streamline this process, enabling you to get many offers quickly and help you to make the best decision when it comes to complicated financial matters such as those involved with selling your annuity.

By using the information supplied to you, making the decision to sell or not to sell becomes considerably less difficult. There is a lot to consider before making your decision, however, and a competent and knowledgeable broker can help you make the best choice for your financial future.

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.

9
Feb 13

Choosing Between Structured Settlement Buyers

Though many structured settlements are set up through a judge, they are not set in stone. While a structured settlement payment plan may be right for some people, for others it may no longer be the best for their changing and varied financial needs. These people may have immediate needs for a lump sum, such as paying for tuition or taking care of past due bills and obligations. However, there are companies out there that will purchase your settlement, providing you with the lump sum of cash you need to remedy your situation. When you decide to look for a company to care for your financial need, there are several things you must take into consideration.

Shop Around

One of the most important things you must understand is that not all companies who buy settlements and annuities are the same. There are good, trustworthy companies out there, but there are also shady and unscrupulous ones, and it is important for you to be able to spot the differences between these companies to avoid making a grave financial mistake. How do you know who to trust? Comparing the companies, as well as their offers, is the key to making the best decision possible.

Important Criteria When Comparing Companies

When choosing the right company for you, there are several criteria you should think about before making your final decision. All offers must be legal in your state and jurisdiction, for example. You should also make sure your company is offering the greatest percentage of your annuity or settlement. Of course, you will not receive 100% of the money owed to you through these settlements and annuities, but you should be able to get most of your money without worry.

Of course, you may only want to sell a portion of your annuity or settlement, and there are companies who are happy to do this as well. This way, you can get the cash you need for your situation without giving up the steady and reliable income a regular payment provides.

Consider Hiring a Brokerage Firm

Utilizing the services of a broker can help you make those all important decisions regarding your settlement or annuity. Choose a broker with the knowledge and experience of years of customer service, and a reputation for doing what it takes to get people the offers that best suit their unique individual financial needs.

Let Companies Compete to Buy your Structured Settlement!

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