Cashing out a Structured Settlement.
by: FrankReCouper |
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Selling your structured settlements is like a confusing road map. What if you make a wrong turn? Where do I go to sell my payments? Is the company honest? How do I get an offer I can live with? Many questions and roadblocks. I will clear up some of the confusion.
Who do I sell to? I would start by search the internet. Choose a least three companies small, medium and large.
The larger company may not offer the best price because they have a hugh advertising budget and overhead.
The medium company may give you the best quote. They have private investors many times who are willing to buy the payments for a premium. They depend on brokers, have a small staff and have little overhead.
The small company maybe one or two master broker or a regular broker who sell to the large company. You may get good price here.
Will I get cheated? Who do I trust?
Today all sales have to have court orders so you are protected by the law. So your safe here. Only a couple of states don't have these laws but loans are made and you are protected.
Getting the best price.
Do your homework and read articles like this one. Talk to different brokers or companies till you feel comfortable with someone. Ask lots of questions, trust your gut feeling It will take about two to four months to complete the sale depending on what state you live in and how busy the courts are.
My best wishes go with you.
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About the Author
Frank ReCouper Sr. is President of FDR Resources and has been in financial services for over 45 years. For more information about Structured Settlements or http://www.rp-capital.com Get a totally unique version of this article from our article submission service
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