Have you received a legal settlement that is structured to be paid to you over a number of years? Do you want to cash out early and get one lump sum of money? Maybe you just want to sell part of your structured settlement. Either way you need to know how to sell a structured settlement correctly. Here are a few tips to help you out.
First, you need to understand that you will be looking for specialty finance groups. These are usually the ones that will be willing to purchase a legal settlement from you. They are usually groups of lawyers, doctors, and investors that are willing to pay a lump sum for a settlement that might extend over 20 or 30 years in time.
Next, you need to research the company you choose to get an offer from. Make sure they have testimonials from past clients and have a strong reputation. You can even ask your attorney if the company is reputable. Also check the better business bureau just to be sure. You don't want to be dealing with a shady company so make sure you do your research and check everything out.
Last, shop your offer around. Get offers from at least three different companies. This will give you a better chance of getting more value out of your settlement. You can also let the lesser offers know that they have been outbid to see if they will raise their offer.
If you need to know how to sell a structured settlement you can always consult an attorney, but these tips should help you quite a bit in your transaction. Make sure you find a good and reputable company, get an offer from multiple companies, and shop the offer around to get the most value for your settlement.
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