Top Buyer of Structured Settlement Payments: Required Information
You can not buy or sell structured settlement payments without specific information. Unlike a lot of areas where accurate quotes and appraisals can be provided on a limited information, this is not true when buying structured settlement payments. Structured settlement payments are valued by a host of factors including but not limited to when the structured settlement payment or payments are due and payable and the amount of the structured settlement payment or payments that the person is trying to sell. While there are many other factors that come into play, one other consideration is the credit worthiness of the structured settlement annuity issuer.
Often times people call Catalina Structured Funding looking for “an idea what my structured settlement payments are worth.” This is a totally reasonable and fair question and like everything else, we try to deal with the opportunity to provide a potential customer with an honest and clear quote for structured settlement payments. When making a formal offer to buy structured settlement payments, we will want the details of the future payments including the timing, amount and annuity issuer that is going to make the structured settlement payments that we will be buying. This is important for both the customer and us as the company buying structured settlement payments.
However, we also understand that even if you are not ready to sell structured settlement payments for a lump sum today, you still, quite logically, may be interested in knowing that your structured settlement payments may be worth if you elect to go forward selling them. We also know that you might not have the paperwork relating to your initial settlement handy and without that paperwork you may not know precisely the due dates of all structured settlement payments. For example, you may know you have a $50,000.00 structured settlement lump sum payment due in 2029 but you might not know if the structured settlement is due in February of 2029 or November of 2029. This is not a big deal if you are just looking for an “idea” of what your structured settlement payment may be worth. We can provide you with a general idea of the value of the structured settlement payment would be to us as a company that buys structured settlement payments.
When the time comes that you are actually committed to the idea of cashing out a structured settlement, however, we will need to drill down to the details and figure out when that structured settlement is precisely due- including the month, day and year. Luckily, our team of experts can help you get that information even if you do not have your paperwork- including to buy life contingent structured settlement payments.
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