There is a lot of information on the web regarding how to sell your structured settlement annuity payments. While some writers have valuable content, more often than not, readers will come across blog posts containing errors and mistruths. To distinguish fact from fiction, I took the most common myths about structured settlements to Rescue Capital's John Zepeda to get his take.
- Myth #1 - Structured Settlement Payments are awarded by the Courts - A structured settlement is a financial agreement that allows court-awarded compensation to be paid in regular payments rather than in one lump sum. These arrangements are primarily used to settle personal injury or malpractice suits. Typically compensation is paid for a fixed period or lifetime. Sometimes they include a cash lump sum. Since every structured settlement is tailor-made the terms will vary
