Finding the Structured Settlement Buyer That Will Pay Most Cash
Assuming you went with a reputable buyer of structured settlement payments that has complied with all the statutory regulations that protect your rights and keep you advised, your next step is to appear in court for your hearing. Yes, your appearance at these hearings in court is frequently required!
The court’s main job will be to consider whether the transfer is in your best interest. If so, the court will approve the transfer and you can get your cash for structured settlement that yo. If the court finds that the transfer is not in your best interest, then it will not approve the transfer. In deciding what is in your best interest, the court may look at your financial situation and whether there is a need for the lump sum amount you will receive from the sale. The court will heavily consider what you intend to spend the money on. Generally, if you have serious expenses and don’t have money saved up and need the lump sum to fund these expenses, then the court will consider the sale and whether it is in your best interest. The following are seasons to sell your structured payments for a lump sum of cash now may be approved by a court:
- Health/Medical bills and Money needed for treatment
- Other emergency reasons (e.g. death of a spouse, etc.)
- Situations which involve you rebuilding your life (e.g. you were fired and evicted and you need the money to get back on your feet)
- High debt
- Investment (e.g. buying a house, business, other good opportunities, etc.)
The court hearing is what determines whether your cash for structured settlement conversion is approved or not. Remember, transfers of structured settlement payment rights require prior court approval before the transaction can be completed and valid. If you don’t like going to court and are worried about this part, do not worry. The court really just wants to hear from you and gauge whether you understand the transaction and whether it is in your best interest or not. Because so much is dependent on you, there are certain things you can do to ensure that your transaction is approved by the court:
- Arrive on time in court attire
- Explain to the court why you would like the transaction approved
- Be clear, concise and confident
- Explain that you understand the transfer and would like it approved
Following this advice can help inform the court that you are a knowledgeable person with an understanding of what is going. This way, your cash for structured settlement conversion can be approved by the court and you can get your lump sum of cash now for your structured settlement payments.
Call the national structured settlement experts at CSF at 800-317-3769 for more information and for a free structured settlement evaluation over the phone from one of the nation’s best structured settlement buyers. Don’t delay, call now to find out how much you can get for selling your structured settlement payments.