Thursday, May 11, 2017

selling my structured settlement”’ Selling your structured settlement payments is a legal process and is one that can take some time. In many cases, it takes anywhere from 45 – 60 days to complete the selling process. Timelines may also vary based on individual state laws surrounding the sale of structured settlement payments. If you are in immediate need of cash, many companies that buy structured payments offer small cash advances for sellers.selling my structured settlement
How Much Will I Receive?
The amount of money you get from selling your future structured settlement payments depends on a few things. The first thing is the company with whom you choose to do business. Many potential sellers shop their future payments in search of the best up-front price. Nothing wrong with that: Our personal representatives offer competitive pricing against all other companies. Your cash-out total also depends on how many payments you sell – and when those payments are scheduled to pay out. The more payments you sell, the more you will cash out. And we advise people to hold on to as many future payments as they can.selling my structured settlement
You need to go into this process with a clear understanding that this is a business deal. Companies that buy structured settlements intend to profit from their purchases. For you, this means if your annuity is worth $250,000, you’ll be offered less than that in a cash payout.selling my structured settlement
It could be as low as 50 percent. In many cases, the offer will come in at 60 percent to 80 percent of the original value. Percentages are based on market conditions, particularly institutional interest rates set by the Federal Reserve, and conditions constantly change. In effect, the discounted purchase amount is the price you are paying for the ability to tap into immediate money.Not surprisingly, the rate at which you discount your future payments is called a discount rate. This is a percentage based on projected future interest earnings, and is a rate you as the seller can set. The average discount rate is 12%. Discount rates are influenced by the total amount of payments you are selling, how many payments you are selling and the date those payments will arrive.selling my structured settlement



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