Before you can sell your annuity structured settlement read this!
If you’re desperate for cash, the ads promising quick cash for your structured settlement can be tempting indeed. But keep a few things in mind before you decide to move forward in the process of selling the annuity.
Think about if you give up. All FCI structural adjustment using a discount rate that figure up what they will pay you for your settlement. That means that the lump sum amount you will get for the payment stream you are selling an annuity selling would be less than the total amount of payments — sometimes much less. The discount rate ensures that structural adjustment costs will be covered for the buyer, and also that it will make a profit on the purchase of your settlement.
What will you do when you’ve gone? Once you sell your structured settlement, has gone. Structured settlements, designed to provide living and medical expenses, without it, sell annuity, how you will cover your needs? If you have any other income and unable to work, and to reconsider seriously how you survive without your structural settlement payments.
Do you really need to sell? It’s easy to become convinced that you’re desperate for cash when derived considerable expense. But consider what those expenses. Is there another way to get what you need, or pay bills? If the debt you want to pay, try to restructure or working on a payment plan. If this is something you think you need to purchase, consider whether you really need that new car or vacation. So if you really need the money, if you sell your annuity structured settlement will not bother the need once and for all (for example, if only enough to pay some of your debt), and don’t bother – you’ll be better off settling your organizer will be gone.
Not as easy as you think. Beware the structured settlement buyers make the process quick and easy. Even if everything goes smoothly, you will not be able to complete the sale of your annuity in less than 30-45 days. If you need cash faster than that, you are out of luck-no matter what promises to settle the buyer for you.
The most important thing to remember is that the structured settlement designed to protect and provide for you. Buyers structural adjustment in business profit, not to help you. Before you sell, really give some hard thought to be your life without settlement payments.
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Before you can sell your annuity structured settlement read this!
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