News and Tips on structured settlement transfers.


What Can Derail Your Structured Settlement Sale

Plenty of things can go wrong when you’ve decided to sell your structured settlement, and may even cause the sale to be cancelled altogether.

Change to the Deal.  Once you’ve chosen a buyer (hopefully you’ve shopped around on a site like and decided on a lump sum you will receive for the sale of your structured settlement, the buyer may try to change the deal.  This is a common complaint against structured settlement buyers, and should be a red flag to you to walk away.  Same goes if the buyer tries to introduce new fees that weren’t part of the deal to begin with.

Advice.  Your state’s laws will likely require you to get legal and possibly also financial advice from a professional.  This is meant to be an objective opinion as to whether the sale of your settlement is in your best interests.  If the lawyer or financial advisor counsels you against selling your structured settlement, they can’t stop you from proceeding, but you should seriously consider their advice.  They may be able to help you resolve whatever financial problems have caused you to consider selling, or help you come up with other options for raising money.

Foot-Dragging.  Structured settlement buyers are frequently accused of intentionally slowing down the sales process.  They may do this if they are trying to time their investments, if they’re trying to secure the cash that they will use to pay you, or if they are considering other deals. 

Naysaying Judge.  One of the final steps in the structured settlement factoring process involves putting your proposed sale in front of a judge for his or her approval.  The judge may review the sale and conclude it is not in your best interest to sell, especially if the buyer is charging a discount rate that the judge believes to be excessive. 

Cool It Down.  Even after the entire process is completed, you will still have a “cooling off” period during which you can choose to nix the entire deal.  This is your last chance to think hard about whether selling is right for you.

No Payment.  As terrible as it may seem, there have been instances in the past where a structured settlement factoring transaction was completed, but the buyer was short on funds and did not pay the seller.  If this happens, a reputable company should cancel the agreement, but there have been companies that have refused to cancel the agreement.  The end result is, the seller gave up his settlement and got nothing in return.  Your best defense against this is to do due diligence – thoroughly check out any prospective buyers to see if they’ve done this in the past.

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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