How to Benefit Quickly from a Structured Settlement

How to Benefit Quickly from a Structured Settlement

Many people today have a structured settlement that pays them out in dribs-and-drabs but they really need the money this month. The urgent need for ready cash could be to pay of credit cards or other debts or you may want to purchase stocks and bonds while the prices are lower than they could be in the future. Whatever your reason is for wanting the cash now is entirely up to you. It is your structured settlement entitlement and you can do with it as you will; so if you want to sell it, you need to be prepared to take less than its current value.
How much less is up to what you can negotiate with the buyer. But I suggest you make really sure that this is the best way of achieving a fix for whatever problem you are trying to solve. Sometimes, even if it takes years, a little bit of extra regular cash income coming in frequently can be a bonus.

Selling a structured settlement is a big decision and one that you really do need to shop around for the best deal you can find. The only way you will know if you have a good deal or get taken to the cleaners on the transaction will be if you start out with a bit of knowledge. And the fact that you are reading this assures me that you are in the process of doing your due-diligence information check and I think you are to be commended.

I would suggest the first place to approach would be a finance adviser or stockbroker. Talk to a few people and see if one name or one company name comes up frequently.

Often you will find in an area that if someone has a good name as a fair dealer that they will have numerous happy past clients who are only too happy to recommend you go and talk with whoever they recommend.

Just because you are talking to someone about selling your structured settlement does not oblige you in any way to sell your structured settlement to them. Explain that this visit is a fact-finding mission and as they all will want your business in the end, most of them will be good advisers once you lay-down your problem or ask them the right questions. You shouldn't be asked to pay for this visit and if any firm does ask you to pay and say there is a charge involved, walk away very fast. No, run fast and wipe them off your list immediately.

The more information you can gather about selling your structured settlement before you sign it away means that you are much more likely to get a better deal. Just be sure you are getting the fairest deal for yourself and leaving some profit in there for the buyer too. After all, they are taking a financial risk too in today's economic climate when you get big Insurance Firms like AIG 'going to the wall' so be prepared for some hard bargaining.