Tips on choosing a structured settlement purchaser
Tips on choosing a structured settlement purchaser
When it comes to finding a company to purchase your structured settlement payments it can be quite overwhelming. How do you choose one? Do you just call the first place you see on TV? Do a Google Search and click on the first listing you find? Not necessarily, if you want to best offer.
Advertising
Hiring an expensive Madison Avenue advertising agency will get consumers to notice you but their advertising dollars have to come from somewhere and it is your bottom line. Your offer will be far less with these companies because of large overheads that come from extensive TV and Radio advertising.
Size does matter
Bigger isn't always better. If you want personalized attention, then avoid large companies looking to cash in quickly. They will treat you like a number, avoid your calls or won't be by your side through the process.
Experience
How long have their employees been in the business? When it comes to selling your structured settlement, it is important to find a company with a team of industry professionals that know the ins and outs of purchasing your future payments. Look for a company with excellent support and customer service to ensure the process is smooth and error free.
Trustworthy
There are many professional bloggers touting the benefits of becoming a structured settlement purchaser as an investment vehicle. That means there are is an influx of inexperienced settlement purchasers out there who do not understand the process. They use underhanded techniques and high pressure sales. Look for an experienced company that you can trust.
Homework
Don't just go with the first company you call. Research a few companies and don't forget to look for complaints online. Even if you have sold payments before and are now looking into doing another transaction, chances are by going to the same company you sold to the first time you will not receive a better deal. In fact, you are more likely to receive a higher interest rate the second or third time around compared to the first time.
Get it in writing
Just because there is a fool born every minute doesn't mean you need to be one. Don't fall for empty promises. Get your offer in writing. Reputable companies are upfront with their costs and fees before you sign.
Fast Cash
There is no such thing as fast cash when it comes to selling your future payments. There is a court approval process that needs to happen in order to ensure that the transaction is in your best interest. No company can speed up to courts so beware of companies that seem too good to be true.