When dealing with qualified, reputable structured settlement companies that have had experience in providing cash for structured settlement payments to beneficiaries of such arrangements, there is no risk as far as losing your money is concerned. Reputable structured settlement buyers have a transparent process, and take every step to insure that you are fully aware of the terms under which you will be receiving your settlement money.
However, there are some issues to consider when selling structured settlement payments.
Keep in mind that the sale and purchase of structured settlements and annuity payouts is a business; structured settlement buyers provide this service to make a profit. As with any business, there are operating costs that come out of those profits; building or office lease payments, marketing costs, employee salaries, etc. Among these costs are those associated with the legal paperwork and court filings. Any costs to be paid by you will be disclosed in plain language in your transaction documents.
It is also important to know the percentage of loss you will take when selling structured settlement payments. Because the transaction itself costs money and because it involves a for-profit business, you can expect a reduction on the total value of your structured settlement. Obviously, you want to minimize this as much as possible.
On the other hand, getting the highest payout may not necessarily be for the best. Do your due diligence and understand who is actually paying the costs associated with the transaction itself, as this can have a significant effect on your final payout. If you have any questions at all, make certain that you get clear answers before accepting the offer – and if necessary, consult your own attorney or CPA.
CBC Settlement Funding can provide you a lump sum cash advance for all or part of your structured settlement payments. Our professional customer representatives will make every effort to see that you receive the best offer when you’re selling annuities, insurance or lawsuit settlements, or other types of structured payments.