Structured settlement payments selling isn't frustrating.
Author: FrankReCouperSr. Total views: 5 Word Count: 233
The sale of your structured settlement payments need not be difficult if you take the time and give it some thought. Ask yourself why do you want sell your structured settlement? To put a down payment on a house. College tuition or to pay off some bills.
You do have choices: sell the whole annuity, sell some payments, sell only the lump sum payments or sell part of the monthly payment (say one half) which will give you 1/2 the monthly payment plus some up front cash.
Its important to find a company or broker who purchases structured settlements and who will answer all your questions. Is going to take a good 2 to 4 months to do, so I think you will want someone you feel comfortable with.
You going to need documents to sell your structured settlement annuity. A copy of the annuity, the settlement agreement and release, a photo ID, a copy of your last check and a application. The broker or staff person should help you get the necessary documents.
I want to point out that if you depend on your payments to pay important bills like your rent/mortgage, food and electricity, selling your payments may not be in your best interest. Look elsewhere for a loan. Your going to find yourself in big trouble when the money runs out. Just a heads up.
I'm available for questions and help. My best to 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 go to FDR Resources or R & P Capital Resources
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