When you win your lawsuit settlement, it doesn’t always come in a lump sum and instead in many small payments each month. You may not have a choice in how much you get, so despite the payments, you might need cash for groceries, bills, and other necessities.
If you’ve got a structured settlement, you may ask yourself, “How do I sell my structured settlement and get cash.” The good news is there is a way to have someone buy your structured settlement and give you the lump sum cash you need.
Check out our tips to make sure you get the best possible value for your settlement, no matter if you need it for bills or to invest in a business.
How Do I Sell My Structured Settlement?
There are many places that will buy your structured settlement, but they’re not all created equal. If you want to get the best deal, then you need to shop around and find a buyer that gives you the best deal and is trustworthy.
When they buy all or a portion of your settlement, you get a check for a single lump sum. In exchange, the lender gets the structured settlement payments instead of you. You can spend the money on whatever you want, so get as much as possible.
Have Your Paperwork in Order:
If you want the money as soon as possible, then you’ll need to streamline the process as much as possible. You can do this by having all the paperwork they’ll need at the ready. Despite already having the settlement, you still need to be approved for the money.
When you sell structured settlement, it’s not a loan. You don’t have to pay anything back to the lender. They are getting the payments for the upfront cash payout from the structured settlement payments.
Have your annuity contract, court judgment, and any changes of assignment to the statement.
Asks Lots of Questions:
The process of purchasing your structured settlement is easy, but there are many papers to sign and it’s always good to ask questions. Why? You worked hard to win the lawsuit and it’s your money.
You’ll want to ask your insurance company if you have the right to sell your settlement. Many times, the insurance country maintains control. If you can, then ask the lender many questions and gauge their answers.
You want a company that not only provides you the best quote but also treats you well. If they’re treating you more like a number than a person, then consider someone else. You should have a good relationship in case there are any problems and you need to contact them.
Enjoy Your Lump Sum
You worked hard for your settlement and if you need more cash than what they give you, then you need to ask, “How do I sell my structured settlement.” We hope this guide gives you the information you need to make an educated decision.
If you want to know more information about structured settlement and how to sell them, then please explore our site.