Structured settlements are agreed upon when two parties opt for dismissing the court case in exchange for a financial arrangement…
Generalizations About Purchasing Structured Settlements
Have you tried to purchase structured settlements or have your structured settlement sold and not gotten anywhere? That is a popular story for many who want to be involved in the structured settlement industry. Often when people obtain a structured settlement annuity, they thought they would get a lump sum but have ended up only receiving a small amount of money each week, month or several months for a couple years. For some people, this product will just not do. They need money and they need money now. Many a hurting soul have stumbled out of a court room all broken up in side with only the promise of small payments through the years. Though this may help them a tiny bit, it does not do for them what they had hoped for. Situations arise and hard times can come but settlement annuities are not exactly what the people need. They need money and they need it now! That is why having someone buy your annuity or being a buyer (depending on your position in this endeavor) is such a great thing to be involved in. It ultimately helps everyone out and gets people heading in a direction they want to go. Bills can be paid, companies can be happy with having business and individuals will be able to move on with their lives instead of getting small sums of money every once and a while.
Structured settlement annuities are easily bought and sold. A buyer simply needs to research a few companies who buy settlement annuities and find which features are most appropriate for their plans. Some companies will buy settlement annuities for a certain price if the annuities fall within a certain price range. Other companies will simply charge a percentage of the settlement annuity as compensation for their lump sum payment. Either way, the seller and the buyer tend to benefit from such a transaction. The best way to go is often to find a company that buys rather than an individual. Individual buyers may not have the legal or business like experience to handle such a lump sum and therefore might not be able to hand over the money or do the paperwork quite right. That causes many more problems so many would suggest going through a buyer company or a corporate buyer.
If you are a buyer, you typically will not have to screen your clients or turn any clients down. Structured settlement annuities are pretty straight forward as they are court ordered. The only thing a buyer will have to look out for is the careful consideration of the paperwork. All information should be checked with the courts to make sure it is accurate and valid. After paperwork is complete, there should be a cooling off period before the transaction completely goes through. A week or two is a long enough period to do the job properly. This way, both you as the buyer as well as the seller can make sure this is really the path that should be taken in such a transaction. Once the transaction is done, things will be complete and you can be on to new customers!