How to Find the Right Structured Settlement Buyer


People often choose to sell their annuities because of immediate and difficult circumstances. If you find yourself in a similar situation, be sure that you’re dealing with the right buyer.

Not all structured settlement companies are equal. Some are more efficient and reliable than others. If you’re looking to sell your annuity payments, you want to receive your lump sum on time and without worries. Here are tips to help you find the right company.

Choose a Buyer That Promises Reasonable Transaction Period

Avoid companies that offer to close the sale in a matter of days. This transaction typically spans several weeks. If it involves court intervention, the process will take between 2-3 months to complete.

Opt for a buyer that has a reputation for getting all necessary documents filed promptly and correctly. It also helps if they can schedule the fastest court date possible.

Choose a Buyer That Values Transparency

The right structured settlement company will guide you throughout the process. They’ll inform you of the particulars of your case and keep you updated on any changes that may happen.

Throughout the transaction, you’ll feel in control of your decisions and won’t be badgered to commit to selling more payments than you intend to. As a client, you’ll be treated with the utmost respect every step of the way.

Choose a Buyer That Offers Realistic Quotes

Request quotes from up to six buyers and make a comparison. Avoid companies that give a lowball bid, as well as those that offer very high amounts.

Unscrupulous buyers offer ridiculously high amounts and yet delay the process or include excessive fees so you’ll eventually give in. By getting several quotes from different companies, you’ll have the chance to study your options and find the best one among the bunch.

Choose a Buyer Known for Empathy and Integrity

Some who exchangetheir structured settlements for cash are willing to sign off their rights to anyone who makes the first offer. The decision to sell often comes at a stressful time. A buyer may exploit these situations.

But, the right company will make you feel more hopeful about your plight. They’ll provide you with quotes in a prompt manner and have your interests in mind.

Ultimately, when choosing among the hundreds of structured settlement buyers out there, consider their reputation, customer service, quotes, and willingness to give you time to think without putting pressure on you. Take the time to check up on potential buyers so you can be sure you’re working with the one that works best for you.

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