Basic Information for Selling off Structured Settlement
Structured settlements were introduced as a substitute to
lump sum payments especially in insurance and lottery
winnings. It is basically an agreement to pay a specific
amount of money through a payment system over a
period of time.
It is often followed by a life altering incident and you
might require a huge amount of money rather than small
payments over a period of time. This is when you can Sell
My Structured Settlement Payments to a suitable
If you are planning to get cash in return of your structured settlements than these Structured
Settlement Information would be useful to you.
The amount of time it would take to
get the money
It usually takes longer time than anticipated
as it is dependent on many factors.
A court order is the first thing that is
required. If you do not get a court order
issued, than you might have to pay taxes up
to 40% on the total amount of payment you
Kinds of payment you have
Different funding companies have different rules regarding the type of payments that is quarterly, semi
or annual. You might get your money faster if you check on the requirements of the companies rules
regarding the type of payments.
If the insurance company has a higher rating than you might get a higher profit margin during
settlement and if the ratings of the company are low than you might have to settle for lower profit
You would require certain identification documents, photo ID proof and the structured settlement