Regardless of where the payments originate, such as a lottery,
lawsuit, retirement, etc, receiving monthly payments instead of a lump
sum payment can be a drag. Especially when there are bills to pay, a
house to purchase, or any other reason you can come up with to need a
larger sum of cash than you are currently receiving. The good news is
that there is help just around the corner, just waiting for you to ask.
Companies abound with opportunities to purchase your structured annuity
payments for a lump sum. All you have to know is how to find one of them
and negotiate the best deal for you.
Sounds easy doesn't it? Well, consider this. Investors are not in the business of merely helping people out of a jam. Their main concern is adding to their own bottom lines. This is where your own knowledge comes in. You have to understand what is a good deal and what isn't BEFORE you sign the contract in front of you as you won't get a second chance.
So, how do you go about making sure that you are getting the most out of your structured annuity payment exchange? Read on:
First of all, selling your annuity isn't an all or nothing proposition. You can elect to only sell a portion of it. This works well for people who need to address an immediate financial need and want the security of knowing that after that need is met, there will still be a annual sum of cash paid to them for a specific period of time. Also, if your payments were awarded through a court, you will need to get court approval to sell those payments. Only selling a portion of those payments will make it easier to gain the approval you need.
Research research research! You need to understand who it is you plan on doing business with. Be wary of any company or investor who tells you that they can give you the cash you want without having to go through the court system. While it may seem like a huge pain in the you know what, the court oversight system actually protects you from shady investors, so while you may be forced to spend the day at the courthouse, rest assured its for your benefit.
When researching, you should also note that big companies like JG Wentworth and Peachtree may not give as good of rates to you as some of their smaller but still high-quality competitors.
Sounds easy doesn't it? Well, consider this. Investors are not in the business of merely helping people out of a jam. Their main concern is adding to their own bottom lines. This is where your own knowledge comes in. You have to understand what is a good deal and what isn't BEFORE you sign the contract in front of you as you won't get a second chance.
So, how do you go about making sure that you are getting the most out of your structured annuity payment exchange? Read on:
First of all, selling your annuity isn't an all or nothing proposition. You can elect to only sell a portion of it. This works well for people who need to address an immediate financial need and want the security of knowing that after that need is met, there will still be a annual sum of cash paid to them for a specific period of time. Also, if your payments were awarded through a court, you will need to get court approval to sell those payments. Only selling a portion of those payments will make it easier to gain the approval you need.
Research research research! You need to understand who it is you plan on doing business with. Be wary of any company or investor who tells you that they can give you the cash you want without having to go through the court system. While it may seem like a huge pain in the you know what, the court oversight system actually protects you from shady investors, so while you may be forced to spend the day at the courthouse, rest assured its for your benefit.
When researching, you should also note that big companies like JG Wentworth and Peachtree may not give as good of rates to you as some of their smaller but still high-quality competitors.
1 comments:
This is where your own knowledge comes in. You have to understand what is a good deal and what isn't BEFORE you sign the contract in front of you as you won't get a second chance. https://www.structuredsettlement-quotes.com/sell-annuity-payments-for-a-lump-sum
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