The Basics of Finding a Buyer for Your Structured Settlement

A structured settlement is a type of payment given to a person who has won a court case or perhaps an insurance settlement. If you successfully sued someone in civil court, the court will most likely award you a settlement amount. If the amount is particularly large, then you will be given a structured settlement. That means instead of getting a lump sum of money, you will end up with periodic payments in small amounts. So if you win, let’s say, $100,000, you might get yearly, quarterly or even monthly payments until that entire amount is settled.  While most people wouldn’t mind getting the money in small payments (indeed, such an arrangement has its merits), there are others who may benefit from a larger payment. Some people may have debts to pay immediately or perhaps they can invest in something, like rental property or a business, which can help them make more money in the future. In such a case, you might want to sell your settlement money. You can find many settlement buyers who would be willing to give you a lump sum (minus a fee) in exchange for your payments. If you are interested in such an arrangement, keep reading.

Tips for Finding Structured Settlement Buyers

There are many third parties and companies who buy structured settlements. You may have seen them advertise on TV, print, or even on radio. There are also some that get their clients through word of mouth. However, you should really choose based on the company’s individual reputation. You need to do research to make sure you find a reputable buyer. For example, check the Better Business Bureau website to see if other people have made any complaints against a particular company. Also, check the Attorney General’s office in your state to find out if they are investigating any companies for fraud. Online reviews and Google searching can also help you find red flags, but also good reviews. Also, don’t forget your attorney as they may have experience in helping their clients find settlement buyers.

Finding a Buyer

Choosing the Right Buyer

There are many third parties and companies who buy structured settlements. You may have seen them advertise on TV, print, or even on radio. There are also some that get their clients through word of mouth. However, you should really choose based on the company’s individual reputation. You need to do research to make sure you find a reputable buyer. For example, check the Better Business Bureau website to see if other people have made any complaints against a particular company. Also, check the Attorney General’s office in your state to find out if they are investigating any companies for fraud. Online reviews and Google searching can also help you find red flags, but also good reviews. Also, don’t forget your attorney as they may have experience in helping their clients find settlement buyers.

With so many structured settlement companies out there, you need to narrow down your choices significantly so you can make a good decision. After using the tips previously mentioned, you should be able to eliminate fraudulent companies, but also compile a list of good ones. Go through your shortlist and rank them according to certain factors. First is reputation. In such a case, no news isn’t exactly good news, so make sure you narrow down the choices to companies whose clients have written good experiences about them.

Next, rank them according to how much you get in the end. These companies will not give you the entire amount that you would have gotten if you waited for the money. After all, they are the ones taking the risk of the payer going bankrupt and not paying the rest of the settlement. However, many companies do offer reasonable fees and rates. Make sure you pick one that can offer you the most money. However, there are other considerations you might want to think about as well. For example, transaction time. If you desperately need money, then you need to make sure you go with a company who can offer you the money quickly. Some companies promise you days or even hours. If they can deliver in such a timely manner, then they might help you get out of peril.

Finally, another important consideration is customer service. You are, after all, paying them a large percentage or fee, so you should feel like you are being taken care of. Do they respond right away when you ask them questions? When you call them, do you have to go through a long process to get a human on the phone or do they answer right away? Do you feel like they are being genuine or at least very helpful and responsive. These things matter, not just for your ego but also for the impression they make on you as a company. You want to work with a company who wants to serve their customers, not just make money from them.

Questions to Ask Structured Settlement Buyers

When you are choosing a seller, there a few things you should ask them. This will help you find a good company as well as clarify any issues in the beginning before you get deep into the process:

1) How soon can I get my money?
This will help you get a good indication of timeline, so you know when you can expect the contract. The buyer should also be well-versed in your state’s law about any restrictions so you can be well informed of any timeline issues

2) How much will I receive?
Again, you want to know if it is even worth it to sell you settlement. You will be getting a smaller amount than if you waited, but the exact amount varies per company. There are a few factors that can contribute to the payment amount. Generally, the total amount, the payment timing, the type of payer, and the current economic environment are factors to consider.

3) Do I have to pay taxes on this transaction?
Tax rules change all the time and the settlement company should be well versed in the current tax regulations and codes in your state and federally. They should be able to answer this with certainty and confidence, though it never hurts to talk to a 3rd party accountant.

Can a Structured Payment Be Sold for a Lump Sum?

How Much Can I Get for My Structured Payment? We Can Make an Offer

How Much Can I Get for My Structured Payment? We Can Make an Offer

Can a Structured Payment Be Sold for a Lump Sum? 

For those of us that buy structured payments for a living, we are intimately familiar with the different types of structured payments.  The most significant difference when it comes to determining whether a structured payment can be sold is not the amount, timing or source but instead another element. Let us step back for a second.

Structured settlement payments, which are made by annuity issuers (like Metlife, Pacific Life, John Hancock, New York Life, Symetra) are frequently bought and sold by many structured payments. The largest and most well know structured payment buyer is JG Wenworth/Peachtree Finance. There are other structured payment buyers, however.  When it comes to structured settlement payments you can sell them and find a buyer- generally speaking.  Some structured settlement payments may be too large and others may be due too far in the future but by and large a structured settlement can be bought and sold to one of several purchasers.

There are other types of structured payments that are not so easy to sell and/or may not be “sellable”.  For example, there are structured payments from:

1. annuities

2. lottery winnings

3.  retirement funds

4.  life contingent annuities

5. workers compensation

You Can Be More Than a Matter of Pennies if Your Sell Structured Payments Without Speaking to Us

You Can Be More Than a Matter of Pennies if Your Sell Structured Payments Without Speaking to Us

7. Veteran affairs disability payments

8.  IRAs

9. Pensions

10. Inheritances

11.  Jackpots from casino winnings.

When it comes to any of the above, as well as other structured payments, whether they can be bought by third parties (i.e., assigned to a buyer for a lump sum) depends in large part on the state and federal laws that apply.  For example, a lottery winning may be freely assignable and sold in one state (for example Massachusetts) but if you one the lottery in a different state you may not be able to sell it for a lump sum. In some cases, you may be looking for a loan for structured payments instead of selling structured payments but many of the same laws apply.

With years of experience and a desire to assist every person that calls in looking for a lump sum for structured payments, we will find a way to assist you if possible.  Whether you are selling small structured settlement, large annuity payments, deferred life contingent payments due in the future, our team will get you a lump sum whenever feasible.

Contact us at 800-317-3769

4 Companies that Buy Structured Settlements

4 Companies that Buy Structured Settlements in the United States

Nationwide Structured Settlement Buyer 800-317-3769

Nationwide Structured Settlement Buyer
800-317-3769

When Congress passed 26 U.SC 5891 a new era was born in the transfer and assignment of existing structured settlement payments for a lump sum.  No longer did these transactions happen outside the review of the judicial system but instead each and every sale of a structured settlement was subject, and in fact, was required to be reviewed and approved by state judicial or quasi judicial officers (depending on the type of structured payment at issue). In time, after the passage of the federal law so precisely referred to in the opening sentence above, legislators in many of the states in the Union met and discussed enacting state laws, consistent with 26 USC 5891, that would permit a resident of their state to sell a structured settlement payment or series of payments, or parts thereof, for a lump sum.

What we now have in the United States are very state specific laws that govern how a company may buy structured settlements while complying with the Federal Law found in the I.R.S code and the state specific laws found in the Acts passed by the legislation.  Each of these legislatures, after reviewing the issues at hand, came up with different laws regarding the sale of structured settlement payments.  Some laws, like in Maryland, require that a structured settlement seller MUST, without exception, meet with a lawyer to discuss to the legal, tax and financial implications of selling a structured settlement- while the majority of the other state laws DO NOT require that.  Some states, like California, impose 10 day disclosure periods (the time between receipt of the disclosure statement and when a person may sign the contract agreeing to sell structured settlement for a lump sum.

In time, the companies that buy structured settlements regularly have come to know the ins and outs of these particular laws quite well. Some buyers may have specific knowledge about how to properly process a structured settlement in one state while others, because volume and experience, may be well versed in the laws from Alaska to Florida, and everywhere in between. Call around and speak to several companies and get a feel for not only the state law that will have to be complied with but also that structured settlement buyers familiarity with that particular Act.

At CSF we have been at at this for a long time and take pride in being nationwide experts. Call us, Get a Quote and Find Out Why the Sophisticated Structured Settlement Seller Picks Us When It Comes Time to Getting a Lump Sum.

800-317-3769

A Happy Couple

Your New York Structured Settlement Buyer

Your New York Structured Settlement Buyer

While a lot of time is spent talking to people with structured settlement payments in “downstate” areas like the Bronx or Queens, we know from experience that people in upstate new york are frequently looking to sell structured settlement payments for lump

Questions About Selling a Structured Settlement in NY?  Call Us- 800-317-3769

Questions About Selling a Structured Settlement in NY? Call Us- 800-317-3769

sum.  With some major cities and areas in upstate New York, our group at CSF, look to provide top services to individuals in New York regardless of where in NY they live.

Part of being the best New York Structured Settlement Company is not engaging in any of the gimmicks that other groups engage in.  We just recently spoke to an individual that believed that the company they were dealing with to provide him with a structured settlement loan was providing him with a “good deal” but once you backed out what he said they were charging him for legal and processing fees, the transaction was not favorable at all to him- instead it was at a very high effective loan on structured settlement rate.

Keep your eyes on the prize when selling a New York Structured Settlement to a buyer or accepting a loan on a structured settlement from a New York Bank. Whether you call these transactions loans or purchases, one of the most critical factors to review, in our opinion is how much you are going to NET after the transaction is all said and done.  Will you get more cash for your structured settlement FOR THE VERY SAME PAYMENTS from one company as opposed to the other.  Part of this analysis is looking to what the net amount you will receive at time of funding.  One place to find this is in the New York disclosure statement.

The disclosure statement in New York structured settlement law provides that the following information be provided to the annuitant:

(a) the amounts and due dates of the structured settlement payments to be transferred;

(b) the aggregate amount of such payments;

(c) the discounted present value of the payments to be transferred, which shall be identified as the “calculation of current value of the transferred structured settlement payments under federal standards for valuing annuities”, and the amount of the applicable federal rate used in calculating such discounted present value;

(d) the price quote from the original annuity issuer or, if such price quote is not readily available from the original annuity issuer, then a price quote from two other annuity issuers that reflects the current cost of purchasing a comparable annuity for the aggregate amount of payments to be transferred;

(e) the gross advance amount and the annual discount rate, compounded monthly, used to determine such figure;

(f) an itemized listing of all commissions, fees, costs, expenses and charges payable by the payee or deductible from the gross amount otherwise payable to the payee and the total amount of such fees;

(g) the net advance amount including the statement: “The net cash payment you receive in this transaction from the buyer was determined by applying the specified discount rate to the amount of future payments received by the buyer, less the total amount of commissions, fees, costs, expenses and charges payable by you”;

(h) the amount of any penalties or liquidated damages payable by the payee in the event of any breach of the transfer agreement by the payee; and

(i) a statement that the payee has the right to cancel the transfer agreement, without penalty or further obligation, not later than the third business day after the date the agreement is signed by the payee.

You Could Be Leave Way More Than Pennies on The Table If You Sell a NY Structured Settlement Without Speaking to Us 800-317-3769

You Could Be Leave Way More Than Pennies on The Table If You Sell a NY Structured Settlement Without Speaking to Us
800-317-3769

Interested in seeing an actual disclosure statement the connection with selling structured settlement payments in New York?  Than call us and let us walk you through some options and then provided you with a free, no obligation disclosure statement.  Take it, review it, and even meet with a trusted adviser.

800-317-3769

Consideration for Selling a Structured Settlement in California

CA PhotoWhen it comes to selling a structured settlement in California, we are the best.  That might sound like a bold claim, and of course, its easy for us to call ourselves the best, but the truth is we have a great deal of experience, licensed California lawyers on staff, are located in California, and are able to compete with any structured settlement buyer that is currently offering you the most cash for your annuity.

Sure, there are a few structured settlement buyers that do more transactions, but are they located in California?  Can you meet the staff in person?  Can you go pick up an advance check as part of your transaction for selling a structured settlement in California right at the structured settlement buyer’s office?  With Catalina Structured Funding, Inc.,  you can meet us in person, meet our staff and pick up a structured settlement advance at our office- the very same day we commit to providing you one.  Of course, we can overnight, mail or even wire a California structured settlement advance to you if you prefer

 

Lets talk about what it takes to sell a structured settlement in CA?  The first step is to get a quote that sets forth what we will actually pay you for the right to receive a portion of your structured settlement.  Keep in mind you most likely will not have to sell your full structured settlement.  You can sell just a portion and that portion can be structured settlement payments that start now, the future (even 5 ten or 15 years from now).  Also, remember that when selling structured settlement payments you can consider selling life contingent payments.  Not every deal that you should consider should involve only guarantee payments under your structured settlement, instead you may want to get yourself offers to buy the payments due to you after the guaranteed period expires.

Once you have a verbal offer you want to accept, we will send you a California structured settlement disclosure.  this is a statement that every California structured settlement buyer should provide you, even the ones that are not located geographically in the state.  Let us show you the variety of options you have available when you work with a true expert in buying CA structured settlement payments for a lump sum.  We are available from 6 a.m to 7 p.m pacific standard time.

You Can Reach You at 800-317-3769

Weighing the Factors When Picking a Structured Settlement Buyer

Weighing the Factors When Picking a Structured Settlement Buyer

Presumably the proper discussion to have when you first start out the process of getting a structured settlement buyout is “what is important to me”.  Its a critical step in the process of getting your mind around what to focus on.  You will be surprised how important different aspects of the transaction are to different people.

Convenience:  Believe it or not, there are some consumers that put convenience as the single most important element when you sell a structured settlement for a lump sum. This especially comes into play when they have previously sold a structured settlement before.  Just recently we heard from a woman who was about to sign a contract to sell structured settlement payments in Maryland to JG Wentworth because according to her “they have my documents and therefore they can make the transaction easier for me”.  While there is some truth to that statement, the real question is how much money are you going to give up if you do not shop around your structured annuity payments.  The answer may be nothing or the answer may be a substantial amount.  Convenience definitely matters, the question is how much?

Cash Advances:  Some people that are in the need to get cash for a structured settlement, need to access money very quickly and the court process by its very nature takes some period of time.  The amount of time varies by states, sophistication of the structured settlement buyer, and ultimately the court’s calendar.  Cash advances are often available to bridge the period between initial contract signing and ultimate funding.  When, how much, and transmission of the structured settlement cash advance is something you should discuss with the settlement buyer before you sign a contract. Getting a cash advance is definitely an important factor but is it the single most important one,  are you willing to take a reduced lump sum for a cash advance?

Experience:  One could go back and forth on how much the experience of a structured settlement buyer ultimately matters.  We think it matters a lot and can impact the speed, efficiency and other elements of a transaction.  Some people might suggest that it is one of the most important factors when selling a structured settlement.  does going with an experienced structured settlement buyer mean  you get less cash?  less personalized service?  your file gets less attention?

Contact us at CSF,  Let Us Show You Why We are the Best Structured Settlement Buyer

800-317-3769

How To Get an Idea What My Structured Settlement is Worth

How To Get an Idea What My Structured Settlement is Worth

This is a question that is frequently asked by people that have a structured settlement.  Even people that are NOT looking to sell their structured settlement immediately are curious what it may be worth to a secondary market structured settlement buyer.  That makes a lot of sense when you think about it.  It is like a homeowner watching the prices homes are selling in their neighborhood because they are interested even if they are not prepared or planning to put their house on market anytime soon.

Structured settlements have a great deal of value on the secondary market.  There are many buyers out there that are willing to give you a lump sum in exchange for some or all of your structured settlement payments.  Shopping your payments around will quickly lead you to understand, on some level, a range that your structured settlement is worth. We find that some people are happy to find out how valuable their structured settlement is worth- they had heard stories of people getting paid cents on the dollar.  Other people are not happy with the offers they receive from structured settlement buyers and elect to hold on to their future annuity income instead of cashing it in for a lump sum.

What all these individuals have in common is that they took the first step and spoke to companies to get quotes.  Just recently an individual selling a structured settlement in Minnesota contacted us and showed us many many quotes s/he had received from other structured settlement buyers. This person wanted to know if we could “beat the best offer to buy structured settlement payments”.  Homework had clearly been performed and this person  will clearly find a way to a company that will pay him fair market value for the structured settlement payments being liquidated.

While you might find structured settlement calculators throughout the internet, the truth is that these programs are marginally helpful and only incorporate some of the factors that go into coming up with an offer for a structured settlement payment.  This is not to say they are not valuable tools if you simply want to get a generally sense (and assuming they compute accurately) but the truth is the best way to get an idea what your structured settlement may be worth is to call a couple or more companies and have them compete for your business.  Ultimately your gut will tell you want you have shopped enough or you have found the best structured settlement buyer for you.

800-317-3769

Proven Track Record of Distribution of Cash for Structured Settlement

Proven Track Record of Distribution of Cash for Structured Settlement

Somewhere in the United States someone is waking up this morning and facing a situation that at least contemplates them looking to get cash for structured settlement.  They may ponder whether to call their lawyer for advice, speak to their financial adviser or maybe even reach out to someone at the local bank.  These are not bad places to start in the search.

You may even have in the back of your mind those constant commercials on television for “cash now” and think about calling that company. If you are reading this post, you have decided to do a little homework before moving forward with one of the paths referenced above or you might have already done one of these things and are still looking for more information or direction or alternatives.  At CSF we pride ourselves on our proven track record of exchanging cash for structured settlements, in whole or in part.

The process of doing so is not simple- even if we make it seem that way to our customer. In order to get a lump sum of cash for a structured settlement, the company, the structured settlement buyer, must comply with a series of federal and state regulations that say how and when a buyout can occur.  Compliance with these laws is not for the novice or inexperienced and any company not familiar with the laws can lead down a long and windy process that delays the receipt of the lump sum they promise.

At CSF, our goal is to make the process as smooth and quick as possible but at the same time rigorously comply with the laws of both where you live and the nationally enacted law.  In doing so, we will explain to you the various steps and elements that are required so you do not only know what is going on but you understand.  Whether you are selling a large structured settlement for cash or small annuity payments you received from a lawsuit settlement, we are here to provide you with fair, honest quotes and general/specific explanations of what is required of you to get cash.

Contact our team- ask your questions- and learn why we are the structured settlement buyer to chose when competency and experience matters.

We look forward to speaking with you:  800-317-2769

Presenting Sale of Structured Settlement to Court

Presenting Sale of Structured Settlement to Court

With the passage of federal and state laws, the sale of a structured settlement for a lump sum must be approved by a judge.  Sounds strange?  It can feel that way if you are looking to sell structured settlement payments for the first time.  In order to get permission to cash for your settlement, a judge must determine among other things, whether or not it is in your best interest to convert your future asset to an immediate lump sum.  This can only seem more confusing if you are familiar with those tv commercials from a structured settlement that offer “cash now”.

Cash now is all relative.  If you have structured settlement payments due in 5 to 10 to 20 years, “cash now” refers to not waiting that period of time that the periodic payment stream under the settlement agreed to.  So how does a court decide whether you should get “cash now”?

There is no black and white answer to it.  Whether you are 80 years old or 18 years old, an annuitant- the person receiving the structured settlement- can not go about getting cash for structured settlement in form of a lump sum, without the company buying the payments getting approval.  If the company fails to get approval or doesnt get a court order in compliance with the law, there can be serious tax consequences.

So what is the best way to get a court to approve the sale of the structured settlement?  The answer is “preparation”.  While that may sound corny, presenting the judge with a compelling reason why you need to sell your structured settlement or it is in your best interest to do so is critical.  The more you can document or detail your reason, the better.

Avoid Having a Judge Deny Your Sale of a Structured Settlement

Avoid Having a Judge Deny Your Sale of a Structured Settlement

 After all, the Judge only wants to what is right and if you show him or her, that you have thought it through and your life will be better to move forward with the sale of structured settlement as opposed to keep them, that will go a long way.

An experienced structured settlement buyer is also helpful to work with.  They will likely have better documents, more experience preparing people for court, and maybe better relationships with local lawyers.  At CSF, we take pride in how are customers are prepared for court and how the matter is presented to the judge.  While others may cut corners in this regard, we focus time and energy to make sure your experience is the best one possible

Call Today and Let Us Answer Any Questions You May Have

800-317-3769

Tips on How to Sell Structured Settlement for Most Money in California

Tips on How to Sell Structured Settlement for Most Money in California

There was a time when a person in California did not know if it was legal to sell structured settlement payments for a lump sum.  That all changed with the passage of a certain law that set forth how and when a person could access cash for structured settlement by selling all or a portion to a structured settlement buyer. Now that the law is clear about the circumstances and procedure for selling a structured settlement, the next inquiry that comes to a lot of people’s mind is how to pick a structured settlement buyer to provide them with a lump sum.

First, knowing the background of the structured settlement buyer is a good place to start.  While a fancy website that says all the right things may be a temptation, what is behind that website.  Does the person or group of people or company behind the website have the right blend of experience and background to fulfill the promises, to back up the sales talk on the website and over the phone.  Do not assume that is the case.  You will find some reviews of structured settlement buyers throughout the internet– some actual and worthwhile and others simply more attempts to divert your attention.  It should be clear to  you once you speak to a company and ask the questions you want answered, whether the structured settlement buyer has the right experience and level of honesty.  The best structured settlement buyers will stand out- Clearly.

After you chose one or two of the top structured settlement buyers, get disclosure statements.  Disclosure statements when selling structured settlement payments in California and elsewhere contain some key financial terms that you may consider important for purposes of determining whether to move forward.  You can take your time once you have the disclosure statements from the structured settlement buyer and even take the documents to a lawyer, accountant, or other financial advisor if you so chose.

One Call to Reach Best Structured Settlement Buyers: 800-317-3769.

When you are ready to get some straightforward answers along with quotes to buy structured settlement payments, give our team a call.  We believe we are the best structured settlement buyer in California– and to be honest, we think we are the best NATIONWIDE structured settlement buyers.  We think if you ask our customers you will see we are not alone with this opinion.  From New York to Florida, From California to Georgia, our customers have found a competent, honest structured settlement buyer in Catalina Structured Funding.

800-317-3769