Secrets You Didn't Know About Selling Structured Settlements For Cash
Insider Secrets to Structured Settlements
1-Is selling a structured settlement always the right choice?
Typically, structured settlement recipients use the cash lump sum to pay of debt, avoid foreclosure or other major financial challenges. But a lump sum is not your best choice if you can borrow the money you need from friends or family for little or no interest, receive a low interest loan from your bank, or are able to work out a favorable installment plan with whom you are in debt.
Also, if you rely on your structured settlement payments as your only source of income, it may not be the best choice to sell those payments.
2-You don’t have to sell all of your payments.
The flexibility of the lump sum option is what makes it great ! By selling portions of your structured settlement, you can cutsomize a transaction so that you get both a lump sum cash and payments coming to you. In fact, most of the time tone Street Capital recommends to only to sell some remaining payments.
3-Laws exist requiring a court order to convert your settlement payments into lump sum cash.
These laws were established to protect YOUR rights. Make sure you understand these laws and how they fafect you.
4-You will receive your lump sum cash typically within 2-4 days after your court date.
The entire process may take a few months, and timing depends on many things. Don't ever let any financial company keep you in the dark about how long things will take
5-There may be legal fees.
Legal fees vary by state, but don’t worry. Stone Street Capital pays the legal fees. Avoid surprises and get this information up-front.
6-Credit problems usually won’t hurt you when selling your settlement.
Even if you don’t have good credit, you may still get be able to get lump sum cash.
7-Not all companies are created equal.
Make sure that you decide on a company that is up-front, honset and will help you every step of the way. Stone Street Capital has been in business for over 25 years nad we have helped thousands of people. We can help you.