If you have gone in for a structured settlement for whatever
reason and now find that you need some hard cash in your account you
could get cash for settlements and that too online. It is not such a
difficult task, as many people still believe. In fact getting cash for
settlements is something few people know is possible. They accept the
structured settlement for fear of getting nothing at all or getting a
lower amount from the courts. But down the line they decide that they
should have opted for a lump sum instead of the settlement even if they
had to get a little less. For these individuals the good news is that
getting cash for settlements just became easier.
A structured settlement is a court verdict, or an out of court settlement put down on paper, that describes how a compensation for a tort suit will be paid out in installments over a period of time. The amount to be paid out and the time period over which it will be paid is decided between both parties and recorded on paper and registered as a legally binding document. The claimant may get the total sum in annuities or a part of it in a lump sum and the rest in annuities over a few years. In rare cases the claimant gets a very large sum of money for life.
Should the claimant decide that he or she would rather have a sum of money instead of having to wait for the annuity they can opt to get cash for settlements. This is how they can go about the process of cashing in their structured settlement.
They should first seek the assistance of the lawyer who represented them in the first place to ascertain of it is legal for them to sell their settlement to a third party. While this is the normal procedure in some rare cases and in some states it is illegal to transfer the rights to a settlement. Once the lawyer gives the go-ahead the claimant should seek the advise of a financial expert to determine the fair value of the settlement. On arriving at a price for the structured settlement the claimant may then proceed to find a buyer for the settlement.
The easiest, safest and most convenient way to go about this is to register with one or more of the online structured settlement portals on the Internet. They have a database of many individuals and firms looking for lucrative structured settlement deals. Signing up is free and fast. Once you have your account online with a few of the portals you can upload your settlement documents and your terms and conditions that should include your demand price.
The software will match your offer to similar offers and the system will allow you to negotiate with people willing to buy your structured settlement. You must make it clear who is going to bear the fee of the transaction and the transfer of the structured settlement. Once you are satisfied the payment is made and you transfer the rights to the third party to continue receiving the annuity while you get a total amount a little lower than you would have gotten from the original settlement.
A structured settlement is a court verdict, or an out of court settlement put down on paper, that describes how a compensation for a tort suit will be paid out in installments over a period of time. The amount to be paid out and the time period over which it will be paid is decided between both parties and recorded on paper and registered as a legally binding document. The claimant may get the total sum in annuities or a part of it in a lump sum and the rest in annuities over a few years. In rare cases the claimant gets a very large sum of money for life.
Should the claimant decide that he or she would rather have a sum of money instead of having to wait for the annuity they can opt to get cash for settlements. This is how they can go about the process of cashing in their structured settlement.
They should first seek the assistance of the lawyer who represented them in the first place to ascertain of it is legal for them to sell their settlement to a third party. While this is the normal procedure in some rare cases and in some states it is illegal to transfer the rights to a settlement. Once the lawyer gives the go-ahead the claimant should seek the advise of a financial expert to determine the fair value of the settlement. On arriving at a price for the structured settlement the claimant may then proceed to find a buyer for the settlement.
The easiest, safest and most convenient way to go about this is to register with one or more of the online structured settlement portals on the Internet. They have a database of many individuals and firms looking for lucrative structured settlement deals. Signing up is free and fast. Once you have your account online with a few of the portals you can upload your settlement documents and your terms and conditions that should include your demand price.
The software will match your offer to similar offers and the system will allow you to negotiate with people willing to buy your structured settlement. You must make it clear who is going to bear the fee of the transaction and the transfer of the structured settlement. Once you are satisfied the payment is made and you transfer the rights to the third party to continue receiving the annuity while you get a total amount a little lower than you would have gotten from the original settlement.
Get a quote online or call professionals with proven expertise in cash for settlements deals today by getting in touch with the specialists in structured settlement and annuities deals.
