Sell Structured Settlements

You need to know when to sell.

There are plenty of reasons why you might want to sell your structured settlement. You may need to purchase a car or a house, have a growing pile of debt, or a medical bill crisis on the horizon. But you need to consider many things before you sell your settlement.

1) First make sure you know what you are selling. Many people receive a flow of monthly payments under a settlement agreement, but don't realize that these payments can be sold in whole or in part for a lump sum payment. Access to this money could provide the cash required to meet the life needs of your family instead of waiting for an inflexible system of structured payments in the future. The process of selling your legal rights for receiving future structrued payments via a contract with a structured settlement company in exchange for a present value lump sum payment is called factoring. There are several companies who offer cash for a structured settlement payment.

2) So, second make sure you are dealing with the right structured settlement firm. Selling your settlement is a big decision that shouldn’t be made on your own. By talking to different structured settlement buyers and businesses, you can get a clear idea of what the negotiations will be and whether cashing in is right for you.  You can also find a firm that you like and gives you honest quotes.

3) To get a quote, you will need to have your paperwork ready. You will need a copy of your current driver's license or state ID card. You will need a copy of your social security card.  Additionally, you will be required to show a copy of your annuity contract or benefits letter from the insurance company.  Also you will have to show the settlement agreement. 

4) Determine how much to you need to sell.  Most firms will try to buy all of your payments.  But this might not be necessary. Determine how much money you need now.  You might only need to sell a portion of your structured settlement payments.  A good structured settlement firm will work with you and customize a plan that is based on your financial needs.  So you might be able to accomplish your financial goals and still have money coming in from partial payments.

So as you see, understand your needs and options. RSL Funding LLC is the perfect firm for working with first time sellers and for those who have already sold part of their payments. We will help you accomplish your financial goals and get the best deal for your settlement.