In recent years there has been a great demand from people looking for cash for Structured Settlement and Annuity Payments. People who receive these types of payments are now systematically marketed by direct mail and television commercials. There has also been a significant increase in people searching the web for companies to sell their payments to. The demand is most likely due to the current economic climate. So the question I see most of the time online is “how do I sell my Structured Settlement and Annuity Payments”? This article will help you learn how to sell your payments and what the process entails.
A company that buys structured settlements and annuity payments is known as a factoring company. They will buy your payments at a discount. This means that if you sell them a total amount of $ 100,000 in payments, they won’t give you $ 100,000. The average lump sum payment will typically be 50% of the total amount of the payments you are selling. This figure depends on the monthly or annual payment amounts you are receiving and when those payments are due and for how long you are receiving them. If your payments are due soon, this means that your payments have a higher present value and therefore you will receive more cash for them. If your payments are due to you in 10, 20 or even 30 years, you will notice that your payments will have a lower present value and the offer you will receive will be less than if the payments were made in 3, 5 or 9 years. This doesn’t mean you’re getting a bad deal, it just means your payments are worth less today.
The first thing to do if you are interested in selling your structured settlement payments and annuities is to contact a reputable company that offers this service to people who receive these types of payments. You should have no problem getting a quote from a company. A good company will provide you with several options, since you don’t have to sell your entire checkout stream. They will help you raise the cash you need and still leave part of your payment stream for your future. Always make sure you get at least two or three offers to ensure that you are receiving the best possible offer. Never accept a verbal offer from a company. There are some companies out there that will make you an offer and then change their offer at the signing table. You should always review your documentation in detail before signing.
A client approached us a couple of months ago, she was scheduled to receive a lump sum payment of $ 150,000.00 in a couple of years as a result of a car accident that had left her partially disabled. He needed the money since the bank was ready to foreclose on his house. He had contacted a company that offered him $ 100,000.00 for his lump sum of $ 150,000.00, but they changed their offer at the signing table and also included almost $ 3,000.00 in legal and processing fees. Fortunately, she did not sign the paperwork and called us instead. We were able to offer you $ 130,000.00 for your payments without charging any legal or processing fees. With the money he received, he quickly paid off his existing mortgage and is now debt free. These are stories we hear over and over from our clients and how we were able to help them.
You can call Clearview Funding at 877-701-8787 or visit http://www.clearviewfundinginc.com for a hassle-free quote and the highest cash payment for your structured settlement and annuity payments.