You were awarded a structured settlement, and after a few years you have decided to sell it and exchange it for one lump sum. What do you do now? Well, the following are some steps that you should take so that you make the best decision. This will take you through the first part in selling your structured settlement.
1. The first thing you will want to do is to figure out what your financial needs now, present and future. You will want to talk to an attorney or a financial advisor.
2. The next thing to do will be to get in touch with the provider of your payments, and find out the amount left, the number of payments left, and your structured settlements terms. Also get all of the contract information so that you can give it to the buyer.
3. Figure out how much of your settlement you want to sell. If you sell payments that will be coming shortly after you sell, you will be offered more money than those that are coming in the future.
4. Find a reputable structured settlement buyer and make certain that you are comfortable with them.
5. Get quotes from different buyers, and weigh all factors before making a final decision. These factors include...
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