How Can I Sell Structured Settlement Payments For Cash?

If you’re trying to get cash for structured settlements, one of the first considerations is figuring out the current value of your settlement. This can be a little tricky, as some settlements change slightly over time. Fortunately, there are several online resources that will help you do this. Here are three tips to help you get started.

First and foremost, you should know the current value of your settlement. This data will be helpful for you when you sell structured settlements to buy them at a lower price. It will also be very important for you to keep track of any other payments you may have that are part of your settlement. These payments will have a higher cash value than the settlement itself, and you want to get the best cash value for them as possible.

When you decide how much to pay for each lump sum, do your research first. Don’t sell your structured settlements unless you are absolutely sure about what you are doing. Research your options. You may already be receiving payments from an employer who plans to terminate your employment. If so, these future payments can often be sold to another company, resulting in a lump sum, which could be significantly less than the future payments you’ll receive.

In addition, if you currently receive Social Security payments and Medicaid payments, check with your tax preparer or accountant to see what they say about future payments you will receive. Often times, tax preparers and accountants will have good information about this, especially if they deal with people on a regular basis. If nothing comes up, ask a financial planner or insurance agent about transferring your payments. Chances are, they will tell you how to transfer future structured settlement payments once you’ve sold them. They may even be able to give you an idea of one or two companies who purchase these payments from their clients.

Finally, make sure you contact the buyers to ensure that they will follow through with the transfer of your payments. One of the biggest mistakes people make when selling their structured settlements is notifying the buyer that they will be paid in full. This factoring company may charge you a fee, but at least you will know if the buyer will honor that commitment. Plus, if you are trying to sell Structured Settlement payments for a lump sum of money, you want to make sure they don’t end up paying you less than you deserve.

If you are thinking about selling your structured settlements for cash value, it’s critical that you understand the process. The best way to do this is by consulting with a certified cash value expert. In fact, if you’re already working with a factoring company, you may already be able to benefit from an expert who can guide you through the entire settlement payment process.