Selling your structured settlement can be confusing.
The sale of your structured settlement payments need not be difficult if you take the time and give it some thought. Ask yourself why do you want sell your structured settlement? To put a down payment on a house. College tuition or to pay off some bills.
One doesn’t have to sell the whole structured settlement. There are choices: sell some payments, sell only the lump sum payments or sell part of the monthly payment (say one half) which will give you a lump sum payment while still enjoying some portion of a reduced monthly payment.
Get yourself a company or broker who purchases structured settlements and who will help you with all your questions. The sale will take 2 to 4 months. Deal with someone who will update you weekly and who can be reached when needed.
You will need a copy of your structured settlement annuity, the settlement agreement and release, a photo ID, recent check and the company’s app. The person you are dealing with, should work with you to get the necessary documents.
If you need your payments to live on, selling your payments may not be in your best interest. Look to family or friends for a loan. Your going to find yourself up a creek without a paddle when your money runs out. Think it over first.
You can reach me if you need any help or have questions.
