Choosing Between Structured Settlement Buyers
Not all structured settlement buyers are alike. There are legal rules that are involved in selling structured settlements, but companies are not required to offer you a set amount for your structured settlement and inexperienced or shadey companies may try and bend or even skirt a rule to their favor and your detriment.
When choosing between structured settlement buyers, look for a few key characteristics:
- Work with an established company with a reputation in the marketplace. Check on the company’s credentials before starting business. Be sure to check not only reviews online, but also check the company’s standing with the Better Business Bureau.
- Be sure the company is licensed, bonded and insured against loss. You don’t want a fly-by-night company to work with.
- You’ll want a company with excellent practices including transparent quotes, excellent service and guaranteed dates for closing and a schedule of what to expect in the process.