If you’ve seen the commercials on TV and have a structured settlement, then you’re probably considering selling your future structured settlement payments for a single lump sum of cash now. This is because immediate cash is appealing, and you may not have an absolute necessity for all or parts of your structured settlement. Therefore, converting some of these future payments into cash now might seem like a good idea. This article will teach you the basics of structured settlement payment conversions in Tennessee and answer the basic questions that first-time Tennessee sellers of structured settlement payments have.
A conversion is the process of transferring or assigning you future payments to another entity (person, account, business, etc.), in exchange for a lump sum of cash. In its most basic terms, you sell/transfer/assign your right to receive the periodic payments under your structured settlement to another person or thing, and in exchange for this, you receive a purchase price of cash—a single lump sum of cash. So if you need cash now, and you cannot wait for your future payments, Tennessee law allows you to sell your periodic payments for cash.
Now that you know what a conversion is and how it works on a very basic level, it’s time to discuss the specifics of a transfer in Tennessee. Because Tennessee requires advance court approval of these transfers and strict adherence to state regulations, the buyer of these payments, usually an experienced company like CSF should handle all the details. A buyer of structured settlements is a company that is in the business of buying these structured settlements and has the knowledge necessary to assist you in the conversion process. Here at CSF, our team havs conducted, reviewed or originated several thousand conversions, in one capacity or another, and our knowledgeable and friendly staff has the experience and understanding necessary to provide professional assistance in nearly any conversion process in virtually every state.
Your next move is to choose a buyer of structured settlements with whom you would like to do business with. CSF is a regular buyer of structured settlements in almost every state. Our knowledge of selling structured settlement payments in Tennessee comes from experience in Tennessee. You need to make sure that this buyer is a savvy buyer that can take care of all the details in the conversion process as it relates to the laws of Tennessee. As mentioned before, our staff is experienced and capable of conducting the transfer from start to finish. We take care of all the legal issues with no cost to you! You also need to make sure that the buyer is HONEST and ETHICAL. We are known for our customer service and keeping our promises. People sell to us because they trust us and rely on our honesty and helpfulness in the conversion process. Call us today to find out why!
Once you pick your buyer, the next step is simply to CALL. Once we get your call, our experts will take over and guide you through the Tennessee process. As always, we make sure that this process is as easy on you as possible. Before you know it, your Tennessee conversion will be completed! Call us today for a free quote and information.
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