Is it worth selling your structured Settlement?

If you are in need of quick cash to pay off debts

, need to make an important purchase, or to avoid foreclosures, and you have a structured settlement or an annuity, you may consider selling your structured settlement or annuity payments. Although selling your structured settlement may sound like a brilliant idea, you must consider the consequences of giving your structured settlement up for a lump sum buyout. It is important to assess your final decision to sell your structured settlement:

Fair Pricing:

Making sure that you get a fair price or discount rate is crucial. Some factoring companies will USE discount rates of 20% or more, which is too high.

Miscellaneous Charges:

Some factoring companies will charge additional fees that lowers the price to you for items like advertising costs, attorney fees, broker fees, court fees, or other legal fees. Make sure to check the final price that you are being paid.

Other Alternatives:

David Meyerowitz, CEO of Strategic Capital says that it is important to find out if you have any other options before selling your structured settlements. Granted, for many people it makes sense to sell structured settlement payments for a lump sum right away. On the other hand, some clients are able to access lower cost loans to meet their financial needs while others clients have decided that selling only part of their payments makes more sense for them.

Selling your structured settlement is your decision at the end of the day; however make sure that you are making an informed decision and consider how you are benefiting compared to what you are giving up before you sign the dotted line.

Is it worth selling your structured Settlement?

By: strategiccapital

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