Top 10 Things to Remember While Shopping Your Structured Settlement Payments

  1. Understand the process before you talk to potential settlement purchasers – this will help you negotiate a better value for your payments.
  2. Make sure you are entering into the transaction with the ‘best interest’ of you and your dependents in mind
  3. Do not get bullied into selling more of your settlement than you need to meet your financial goals.
  4. Make sure the purchasing company’s representative understands your needs and is not just trying to get you to sign on the dotted line so the salesperson can make their commission.
  5. Know how quickly you are going to receive your money after court approval – some companies can take 30 days or longer.
  6. Make sure you understand the terms of the purchase agreement before you sign it – it is a binding legal contract and should be reviewed with a trusted advisor if at all possible.
  7. Research the company you have decided to do business with before you sign the contract!!!  There is plenty of information available via the internet.
  8. Price should not be the only factor in making your decision – reputation and honesty are invaluable.
  9. Go with your gut – you need to trust that what the purchasing company is telling you is actually true.
  10. If something sounds too good to be true, it probably is.
June 11th, 2012

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