Sell all or part of your structured settlement payments for cash to access funds to cover financial hardships.
https://www.fortunate-accident.org/
Select a company that has a proven track record of protecting the settlement recipients. You should be able to compare multiple buyout options and they should take the time to answer any questions you may have.
Why Sell Your Settlement Payments?
Many individuals sell their structured settlement payments for various reasons. Perhaps they need the money from this sale to purchase a home, pay off debt or start their own business; or maybe they simply wish to increase their investment returns with other opportunities that offer higher returns.
Others need a quick way to access funds from future structured settlement payments in order to meet urgent expenses such as medical treatments or major home repairs, without jeopardizing their long-term financial security. Some years of payments can provide much-needed money without affecting future payments.
No matter the reason for factoring, it is vital to select a company with a strong track record and solid customer relations. To ensure that your financial interests are protected, you must also obtain court approval. For assistance understanding this process better consult a professional.
Financial Hardship
Some people find it necessary to sell structured settlement payments as their life circumstances change. Future payments can be sold to provide money for a house, debt repayment or family help.
Before selling your settlement payments, it is essential that you assess your financial needs carefully and select a factoring company that has your best interests at heart. You can do this by researching them thoroughly, reading reviews, contacting representatives, or checking with the state attorney general’s office/consumer protection offices regarding any complaints.
As soon as a judge approves your sale, you’ll receive your lump sum payment. This total payment will be reduced by any liens or child support arrears. Depending on the settlement process, it can take 45-90days before you start to enjoy financial freedom.
Need a Lump Sum
Some individuals who receive structured settlement payments find themselves in financial difficulty for various reasons, whether due to poor money management skills or life events that take an unexpected turn.
In addition, buying companies charge fees to their services.
Those who are considering selling their structured settlement should speak with their creditors first or seek professional advice to determine if they can negotiate a deal and avoid their debts. Some states even require individuals undergoing counseling in order to ensure the agreement they enter into serves their best interests.
Court Approval
Structured settlement payments, no matter what the reason or purpose, must be sold only with court approval. This is your legal right and ensures that your interests are served.
You should partner with a company that is reputable and puts your comfort and needs first. Compare quotes and shop around until you find a company that offers a discount.
Companies that buy structured settlement payments must pay administrative and legal expenses while still making a profit, so they are not charities. It may be better to sell structured settlement payments to a company who will pay these expenses than to go through the expensive and time-consuming process of petitioning a court and fighting “court scratchers” that appear out of the blue when this process begins. RSL Funding’s dedicated staff are on hand to provide all of the information you require before making your decision about selling structured settlement payments.