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Is it Legal for You to Sell Your Structured Settlement Payments?

Friday, November 19th, 2010

law If you are currently experiencing a shaky financial situation or economic hardship, perhaps you have wondered about selling your structured settlement. A structured settlement is a financial vehicle in the form of an annuity, in which you receive periodic payments resulting from a personal injury settlement.

Structured settlements are popular for the obvious benefits they offer for both parties; the insurance company saves money, while the recipient benefits by receiving a steady tax-free income which could last for many years. While there are many issues to consider should you decide to sell, your first question is probably whether or not it is actually legal.

Thirteen Reasons to Sell Your Structured Settlement

Tuesday, November 9th, 2010

While you may be contemplating selling your structured settlement out of a desperate need for cash, or merely to buy something you have wanted, remember that instant gratification has become an integral part of our American culture. If you’ve been awarded a settlement from a personal injury lawsuit, retirement annuity or lottery winnings, you probably get payments on a monthly basis, and will continue to get them for years to come. It can be extremely tempting to sell your structured settlement and have your money all at once—while there are valid reasons not to do so, there are also many good reasons why people sell annuity payments. Among those who are currently receiving structured settlements, about one in ten would consider selling, either entirely or a portion. Whatever your specific reason for wanting to sell your structured settlement, it is a pretty sure bet that you need liquidity in your finances.

What You Need to Know About Selling Your Structured Settlement

Monday, November 8th, 2010

Have you recently found yourself in the difficult position of needing financial help yet have little or no ready access to cash? Have you suffered unforeseen emergencies, lost your job, or are behind on your mortgage? Whether you are in the midst of seriously hard times, or just want to upgrade your car, pay off your credit card bills, or send your child to college, your structured settlement could offer the relief you need. Structured settlements are payments you receive, usually monthly, as compensation for damages caused to you in the form of injury, crimes, or perhaps hazards at work. These settlements are, in essence, a deferred method of financial payment, agreed upon by both parties, and can be very beneficial in terms of a solid and predictable monthly income. If the day has come, however, when the amount stipulated in your monthly payout is just not enough to cover your financial needs, it could be time to consider selling your structured settlement. If you are at this crossroads, there are certain crucial issues you need to consider before selling your structured settlement.

Step by Step Process to Selling a Structured Settlement

Wednesday, September 22nd, 2010

One of the most common questions we receive here at Settlement Quotes is “what’s the process of selling my structured settlement payments?” Below we have created a diagram which outlines the steps involved in a structured settlement factoring transaction. Below the diagram we have also included a more detailed list corresponding to the diagram.

Structured Settlements: Is Now An Appropriate Time to Cash Out?

Tuesday, September 14th, 2010

Today’s economic recession is a concern for many people, particularly those who did not expect it to last as long as it has. In these difficult times, those who are receiving monthly payments on a structured settlement might be wondering about whether they should opt to cash out and receive a larger lump sum now. Whether or not this is an appropriate decision depends largely on each person’s own personal circumstances and situation.