This following post is a guest post by Dominic Orsel. Dominic is a day trader based out of Sacramento California.
With the increased volatility of the stock market over the last few months, both equity firms and private investors are pouring money into the more secure annuity market. It is important for tort victims to realize the signifigance of their structured settlement in todays financial marketplace. Investors are becoming increasingly interested in these financial vehicles due to the security that they provide with the up and down movement of todays stock market.
Most factoring companies are backed by investors who are eager to purchase secured payment streams such as structured settlements that are secured financial assets. A tort victim with a structured settlement may be pressured into selling the rights to their payments because of this security.
Some individuals may need to sell a portion of their structured settlement (transfer the rights) in order to meet their financial needs, but the individual needs to keep as much of their settlement payments in tact as possible. There are other avenues to investigate before signing a contract with a factoring company (i.e bank loan). Settlement Quotes provides a service unlike any other company in the factoring industry. They will work with you to find an investor that will offer you a lump sum based on your financial needs.
As a tort victim, it is important to remember that factoring companies want your asset to help their financial portfolio. With this in mind, is it worth selling?