Financial crisis can be one of the most trying periods in any body's life especially when all your funds are tied up and you are in need of liquid cash. You may be facing a medical situation with bills piling up or loan or credit card payments waiting to be paid. We have all been there. If you are receiving a fixed payment from an annuity or as part of a structured settlement you may be able to raise the money by offering it to a reputable purchaser. Sure the settlement you were awarded out of a personal injury lawsuit or as worker's compensation is intended as a long term payment plan to handle future expenses, but it is best put to use when you really need the money.
If you are considering selling your future annuity payments for a lump sum compensation you need to find a recognized buyer of structured settlement and annuity. You can use the funds to honor nearly any financial obligation - buy a new house, pay for tuition or just pay off debts. When you offer your settlement to a buyer of structured settlement and annuity you agree to be compensated now so that the purchaser may collect the future annuity payments according to the original settlement schedule. A specialized structured settlement buyer will be able to provide advanced funding on these future payments by offering a lump sum based on the total estimated value of the settlement, depending on whether you are selling all or just a portion of the settlement.
If you intend to sell your settlement, first find a qualified broker who will help you choose and approach the right buyer for the structured settlement or annuity that you own. Consult with them to review whether the insurance firm handling the settlement permits the sale, and whether it calls for approval by a judge (which is most likely). If the annuities you hold are assignable, that is annuities purchased to meet future needs of a spouse or child, it may be easier to offer them for sale without judicial approval. Your attorney may be able to help you with the legal procedures to selling your settlement or annuity.
Be sure to request customized quotes from companies and ask for estimates depending on the number of payments you wish to sell. Generally a reputable buyer of structured settlement and annuity will offer a large percentage of your future payments, but this will again depend on the duration of your deferred payments since the company will be offering upfront payout for moneys that they will receive perhaps years from now. Thus gathering quotes from multiple companies can help you to assess if selling your structured settlement will indeed meet your individual financial needs. Explore your options and shop around to find the right buyer of structured settlement and annuity and alleviate your monetary crisis today!
For more information or a free quote on your structured settlement, contact Professional Settlement Buyers [http://professionalsettlementbuyers.com/].
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