In this blog post we will be discussing the steps it takes to cash out a structured settlement. There are 7 steps that need to be taken in order to fully cash out a structured settlement annuity. Please be aware that we are not offering any legal or financial advise, but rather a guide to selling the rights to your future structured settlement payments.
1) The first step to cashing in your lottery, annuity, or structured settlement payments is to gather all of your documents, this includes but is not limited to your settlement agreement, benefit's letter, qualified assignment agreement, bankruptcy documents, divorce info and other financial documents relating to your settlement, annuity, or lottery.
2) Next, research potential structured settlement buyers who will buy your structured settlement payments. It's important to research many companies to get the best possible price. You may also choose to use a company like Settlement Quotes, LLC who has a network of structured settlement buyers and private investors and will do all the shopping for you.
3) Once you have researched a few companies, be sure to either complete their online form info or call them to submit your payment stream info. Do not input any information online to a company that is either not part of the Better Business Bureau (BBB) or does not have a SSL Certificate.
4) Once you receive your quotes back from the companies, be sure to compare BBB records to ensure that you are working with a reputable company.
5) You may choose to consult with a financial advisor or CPA to ensure that you are making a wise decision by selling the rights to your structured settlement payments.
6) Once you complete the documents and send them back to the funding company you may need to receive Independent Professional Advice from a CPA, accountant, or lawyer depending on state that you reside in.
7) Within 6-10 weeks you should receive your lump sum of cash.
Please comment below if you have any further questions.
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If you still want to cash for structured settlement payments do it with care, because it is a very valuable plan. Because the original reason for the structured settlement was different, the changed circumstances justify the selling. investing in structured settlements
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ReplyDeleteI have been researching online to see if I am able to sell my structured settlement after being referred to it by a friend. The tips you posted have really helped me out, so I'm going to share this article with my friend and see what she thinks about it. Thanks for posting this, looks like you did a lot of research for it!
ReplyDeleteGreat post. My friends and I were just talking about how you can sell structured settlements for some fast cash. It sounds like a great idea. I have never had a structured settlement before so I don't really know how it works. Thanks so much for sharing, I will have to send this to the girls.
ReplyDeleteOn reading this post I got some information that how to make cash out by selling structured settlements. Structured Settlement is a procedure by which a definite amount of money is approved by the court as a form of settlement.
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