Selling your structured settlement payments need not be difficult if you don't rush into it. Give it some thought. Why do you want sell your structured settlement? To improve your home or to buy a house you have always wanted. Maybe to pay bills or college.
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.
Its important to find a company or broker who purchases structured settlements and who will answer all your questions. Is going to take a good 2 to 4 months to do, so I think you will want someone you feel comfortable with.
Your going to need a copy of your structured settlement annuity, the settlement agreement and release, a photo ID, recent check and the company's application. The person you are dealing with should be able to help you 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.
I'm available for questions and help. My best to you. - 15465
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.
Its important to find a company or broker who purchases structured settlements and who will answer all your questions. Is going to take a good 2 to 4 months to do, so I think you will want someone you feel comfortable with.
Your going to need a copy of your structured settlement annuity, the settlement agreement and release, a photo ID, recent check and the company's application. The person you are dealing with should be able to help you 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.
I'm available for questions and help. My best to you. - 15465
About the Author:
Frank ReCouper Sr. is President of FDR Resources and has been in financial services for over 45 years. For more information go to FDR Resources or R & P Capital Resources
