Selling Structured Settlements
Selling structured settlements - yes, it's possible!
Ups and downs are a part of routine in financial markets, so much so that the concept of risk free financial instruments is soon plummeting down into the archives of history. Nevertheless, structured settlements do qualify as one of the most reliable sources of periodic cash inflow. In fact, a structured settlement is deemed to be the best method of releasing compensation amounts to plaintiffs in claim matters. However, the structured settlements purchasing markets are flourishing pretty handsomely, and that makes for a sort of contradiction to the inherent desirability and stability associated with structured settlements. Of course, there are some concrete benefits of selling out one's structured settlements, although a sale is, more often than not, ushered because of circumstances. The secondary market wherein structured settlements are sold by their owners to financial institutions and investors is abuzz with action. The fact that sale and purchase of structured settlements is a part of a highly regulated industry also promotes trust among all stakeholders.
Situations that could license you to sell your structured settlements off
Here's an indicative list of issues, situations and needs that can catalyze an individual's decision to sell off his/her structured settlement annuities.
Paying off expensive debt?
Why would a person want to witness his bank accounts losing more money because of interest payments on a principal amount taken as loan, when he knows that he has enough future earnings that, if converted to immediately available cash, can get rid of more than half if not entire the loan amount! In fact, people who are burdened by heavy debts and outstanding mortgages constitute a pretty substantial proportion of structured settlement sellers.
To invest in opportunities that have more earning potential than the worth of the annuities
Again, why would an individual let a sure shot opportunity that only demands easily available cash to be secured let go, just because he/she is supposed to receive compensatory amounts in small installments? Thankfully, structured settlements can be sold off, and the immediate cash resulting from the sale can be used to grasp lucrative investment opportunities that have the potential to pay much more to the seller over the long run than the foregone annuities.
Sending teenager children to college
Going to college without being swamped with debt is notquite possible for the average citizen. Anybody owning a structured settlement would ideally want to have quick cash available in lump sum to be able to afford college education without falling for high interest education loans. This is indeed a smart choice, and a perfectly valid reason for selling off structured settlements.
Moving to a more livable house
Why continue to live in that dark and dingy neighborhood where you are always afraid of moving out in the dark? By encashing your structured settlements, you can easily afford moving to a better locality where you can enjoy more safety and better living standards.
Help yourself sail through a sale!
If you find yourself pondering over how immediately available lump sum cash would be able to alleviate you from all your pressing financial troubles and open up the gates to a more enjoyable and stress free future, and are looking to make a smart move now, you are at the right place. At My Structured Settlement Money, we ensure that you are able to live a respectable and tension free life by leveraging your structured settlements annuities. If you are wondering as to why you would need anybody's help in order to be able to sell off your structured settlements, you might want to consider all the tasks that you need to conduct as a seller in order to be able to sail through the process of selling off your annuities.
What all does a structured settlement sale involve?
Finding the right buyer - You really can't expect to find buyers for structured settlements just standing out of your door! You can only trust a professional service to connect you to qualified and credible buyers who have also bought structured settlements in the past.
Inviting quotes, and selecting the best - There is certainly no way you would want to leave out even a single percentage of benefit in terms of the immediate cash that you can get for the sale of your annuities. This makes is imperative that you know about the right channels through which to invite quotes.
Getting the documents in shape - There is a whole world of documentation involved in going through a structured settlement selling process. You can only manage such extensive documentation if you have the guidance and consultancy of professionals who have managed such processes right from one end to the other.
Seeking services of brokers and attorneys - Depending upon the kind of buyer you are dealing with, you may or may not need an attorney to represent you in the court. This comes with a cost, and hence you need to be careful while opting for an attorney. Similarly, the service of a broker can get you a great deal, but you have to take the broker's fee into account before deciding upon whether you want a broker involved in the deal or not.
Getting court approval - Yes, every structured settlement sale needs to be routed through a court approval mechanism, and this poses a serious risk of your request for selling your annuities being turned down. With prior knowledge of the best manner in which to present your case, you can expect better chances of being given the court consent quickly. This also ensures that you end up with the lump sum cash as soon as possible.
My Structured Settlement Money - Your trusted advisor in all your structured settlement selling needs
Are you beginning to feel disappointed and weighed down after going through all of the above? Well, with My Structured Settlements Money at your service, you can breathe easy. Our professionally trained consultants and representatives have enough academic and legal understanding along with practical experience to ensure that you can depend on them for the proper management of all the tasks and issues mentioned above. Remember, your decision to sell off your annuities is bound to be among the most momentous decisions of your life, which will have far reaching consequences spread out over your entire future. So, it is of paramount importance that you rely on professionals to guide you from the conception to the completion of the sale. A better life awaits you; trust us and begin your sprint towards the light at the end of the tunnel.