Wednesday, October 23, 2013

Different Ways to Sell My Structured Settlement for Cash

Selling your structured settlement isn’t exactly brain surgery. Many people believe there is an exact science to it, that there is a formula that you have to follow in order for your sale to be successful. That is not true. Selling structured settlements is not a complex process nor is it something that makes you want to pull your hair out before it is even over. It is actually quite simple. It simply comes down to two things: how much do you want to sell for and how much you want left over in your savings. That is it. However, there are different ways that you can sell your structured settlement for especially for cash and in this article I will explain all the different ways you can do this in detail. 

Before you sit there and ask yourself, “How can I sell my structured settlement?” there are a couple of things that you need to do first. The very first thing you need to do is figure out exactly how much cash you need. I know that this may seem obvious, but it is nonetheless important for you to do. Sit down and ask yourself, “What do I need the money for?” Do you need money to pay off some medical bills that you recently received? Do you have some debt that you need to get rid of? If so, how much do you need? Do you feel like you want to go on a vacation? If so, figure out how much you will need in order to pay for it. This step is all about budgeting. Never take more than you actually need.

The next thing you need to do is figure out every little detail of your structured settlement. From which insurance company did you purchase your annuity from? When did you win your lawsuit? When does your first payment begin? How much is it? How much is your total settlement? Finding out these details is crucial because whether you use a private investor or company to sell your annuity, they will need to know these details before they can even start the selling process.

The last thing for you to do is to figure out your payment options. The private investor or company that you hire to help you sell your annuity will tell you what options you have available. You are usually left with only two options: cashing your annuity for one large lump sum or receiving a little bit at a time in the form of monthly payments. With whatever option you choose always choose the one you are most comfortable with and whichever one will make you happy.

The whole process of selling your structured settlements may seem like a daunting prospect. Do not let your fear control you. It is a rather simple process and usually only takes little more than a week to complete. If you follow the steps I have outlined in this article you should be able to sell your structured settlement for cash in no time at all.

Author Bio:
Mark Long has very much experience and is a leading expert in selling structured settlements payments. If you ever find yourself asking, “how long does it take to sell a structured settlement?” you can always ask Mark for some guidance which he is more than happy and willing to give.




2 comments:

  1. Many times when individuals are in involved in accidents or wrongful death settlements with insurance companies they elect to receive a series of payments over a longer period of time instead of an immediate lump sum. Individuals who are looking at selling their structured settlement or annuities for a lump sum can visit My Structured Settlement Cash's website to see whether or not this is a good option for them.

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  2. Selling structured settlements is a good way to make certain that you are not left in a financially undesirable situation when you don’t have to be. If you have the money coming already but you need it faster, you can always sell off some of your payments. No matter how you choose to address it, many people find that handling the structured settlements in this way is far more convenient than waiting for monthly payments.

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