sell my structured settlement paymentsWhere do I Sell My Structured Settlement Payments?


Are you asking yourself, “where do I sell my structured settlement payments?”Now, the truth is that there are quite a lot of places and companies where you could sell a structured settlement payment. However, a lot of people tend to live under the same misconception that companies or individuals who buy settlements payments are trying to con or cheat them.


So, in order to understand where do I sell my structured settlement payments and to be aware that there is absolutely nothing that you should be worried about, here is how this entire procedure works.


What is a Structured Settlement?


This is basically a settlement under which you are entitled to a certain amount of money payable by another party – the debtor. The structured settlement is going to have a payment schedule, the actual and precise of money which has to be paid and under what terms and conditions – that’s basically it. They could be issued by the court, or they could also be private and individual contracts or settlements between two parties. The reasons for the debt are also outlined, and they need to be undisputed. Usually, it’s an accident of some sort or failed payments under a contract.


Where do I Sell My Structured Settlement Payments?


There are private companies who are gladly going to purchase your settlement. They are going to assess the risks associated with the payments and are going to offer you a price. Regardless of how secure and reliable your debtor is – the offer is always going to be lower than the total amount due. That’s because these companies need to make a profit as well.


The higher the risk is – the lower amount of money you will be offered. This is rather logical.


It’s Nothing but a Sale


This is how you should consider this entire endeavor – a sale. You are selling your rights to claim the amount under the settlement to the company that purchases them in exchange for certain agreed upon amount of money – there’s nothing more to it. You sign a contract with the buyer, and that’s just about it.


So, if you think that there is a chance for a scam – you are wrong. Sure, there are things that you have to consider, but everything could be included in the contract for the sale so make sure to read that carefully. This is the only thing that you need to take into account – there is nothing else to be concerned about. Call Velocity NOW if you are asking yourself “Where do I Sell My Structured Settlement Payments?“.