Get a Structured Settlement Buyout

Get a Structured Settlement Buyout

Part 2 – What to expert when calling a Structured Settlement Buyer

In part one we discussed that the process starts with getting a good handle on your needs as a potential annuity seller and to provide you options so that you can make an informed decision as to what is best for your situation.

Education on the Process:

On the call you should also get an very clear picture of the process of selling your payments. From the paperwork to the length of time and the steps it will take to get you the cash you are requesting. As discussed it takes on average about ninety days from start to finish to complete the process. There are ways to speed this up and of course slow it down as well (for those that are not prepared). The purpose of this discussion is to help you get as clear an understanding as possible on what is needed to make the transaction as fast and smooth as it can be.

Quote:

The final thing you will want to get on your call is an estimate of the cash value of your future payments in a lump sum. While an exact quote may require a follow up phone call you should be able to get a general sense of the value of your payments based on:

• The amount of payments you have remaining
• The amount of each of those payments
• The number of years those payments are scheduled across
• The number of payments you want to sell

It is important to note that when talking to a factoring company they are there to help you. The more information you can provide about your needs and what how those needs may change in the coming few months and even years can help them to give you options to best serve your interests.