So you have decided that putting selling your structured settlement is the best decision for you and your family? Well, you must have a really good reason for deciding to sell all or part of your settlement to a structured settlement company.
Now that you’ve already made up your mind, you must find the best structured settlement company to ensure that you receive a good payout, get the best customer service, and of course, avoid being ripped off.
A simple web search will reveal many companies ready to buy your settlement, and choosing the right one can be a daunting task. It’s upon you to do your homework properly to avoid falling for unscrupulous buyers.
So let’s check out some of the reasons why you need to choose the best structured settlement companies.
# Choosing The Best Structured Settlement Company
1. To Obtain Maximum Value from your Settlement
Of course, receiving a large payout from your settlement is your main aim.
Structured settlement companies are different and their purchase price may differ depending on various factors such as time-value of the money, the timing of the payments, the duration of the settlement, and the total amount of the settlement.
The company you choose should be in a position to offer you a reasonable amount from your settlement. Be sure to get 3 or more quotes to get the best deal.
2. To Avoid Being Ripped Off
There are many unscrupulous structured settlement companies out there that keep their fees hidden and even sneak in additional charges.
You need to keep an eye on such. That’s why it’s important to research a company’s track record before deciding to transact with them. Look for red flags like too many negative reviews and poor customer feedback.
3. To Obtain a Reasonable Discount Rate
When it comes to a structured settlement sale deal, a low discount means more money.
For example, if the total amount of the settlement is $500, 000 and a purchasing company is offering a 20 % discount rate, it means you will receive $400, 000, which is much less compared to the original amount.
To get the lowest discount, you have the option to negotiate the rate or continue with the hunt.
4. You will be Dealing with Professionals
The best thing about choosing a good structured settlement company is that you will only be dealing with highly qualified individuals who perfectly understand the intricacies of the business.
There are people who will guide you through the entire sale process and provide the best guidance to help you make a more informed decision.
Make sure that the company you choose has a solid reputation when it comes to professionalism and services rendered.
5. To Get Exceptional Customer Service
Selling structured settlements can involve many processes, some of which you may find hard to understand.
This is a company that you’re about to make a huge transaction with and so everything has to go smoothly. A company with good customer service is a good option as it will not only help you get through the process easily and quickly, but will also ease all your fears.
Choose a company with dedicated representatives to help you navigate the transaction with ease, a company that operates 24/7, and one that has an Online chat platform for quick communication.
# Top 11 Structured Settlement Companies
- J.G. Wentworth
- Fairfield Funding
- Peachtree Financial Solutions
- Woodbridge Structured Funding
- Stone Street Capital
- Oasis Legal Finance
- Annuity Transfers, Ltd
- Olive Branch Funding
- Strategic Capital
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