Selling A Structured Settlement

sell structured settlementA structured settlement is a legal settlement paid out over an agreed amount period of time, rather than as a lump sum. Structured settlement payments can be very advantageous in terms of keeping up with your monthly payables. Your electricity bills can be paid with the money from this settlement, or the money can be used for groceries and other overhead expenditures.

There may come a time when your financial need is beyond what you may be receiving in your settlement. The amount stipulated in your payout may not be enough to cover such a financial need, and in this situation, you may want to sell your structured settlement to a purchasing company. Although the act of selling a structured settlement may be a logical one, as a seller, you need to know some important things before you go through the process.

What you need to know before selling your structured settlement

First, you have the option to sell all of your settlement or perhaps just a portion of it. With this in mind, you need to consult the experts and weigh the many options available for you. Do not get too overwhelmed when a purchasing company offers you a too-good-to-be-true payment, because chances are it is just too good. You need to understand that the purchasing company will need to get their own ROI in paying your structured settlement; therefore, you need to know all of the details of their offer to make sure that hidden fees are uncovered. Terms and conditions in purchasing structured settlement vary from company to company. Read the details of this and do not hesitate to ask questions if a section seems questionable to you.

If you have an ongoing structured settlement and want to make use of the lump sum amount for an urgent reason, then you know by now that selling it is the most viable option available. These settlements or annuities can be sold to purchasers in exchange for the lump sum amount. During economic uncertainty, many people lose their jobs and with that, financial issues come around. This is the reason why, several options have to be considered before finally deciding to sell your structured settlement.

How to my sell my structured settlement?

Follow these simple steps and you will be on your way to having the money you need by selling your structured settlement:

1. Search online or ask for recommendations from friends on reliable structured settlement companies. Compare their rates and services, and make sure to choose a highly rated company to work with.

2. Once you have a choice, contact the structured settlement company and start talking numbers. They will have their financial experts talk with you, and make sure that you ask all pertinent questions to answer any of your doubts and questions.

3. Know your options. You can choose to sell all of your structured settlement or maybe a portion of it then keep the remaining settlement for more financial stability on your part. It would be best to work with an expert on structured settlements to guide you better on your decision-making.

4. Get your money. If the structured settlement is as quick as they promise their services to be, then you can easily get your money out of the purchase of your structured settlement.


Indeed, selling your settlement and / or annuity for lump sum amount is an easy decision to make, however, in order to attain the right convenience, make sure to choose the most viable company to purchase your settlement. Always look for reputation, dependability, and honesty. Make sure that the company you are dealing with to buy your structured settlement is established, and has good records of customer satisfaction. You certainly don’t want to deal with a newly established company that might disappear because they went bankrupt after a few weeks. And the sad thing is that they did not pay you the buyout money. This happens once in a while and you don’t want to be a victim.