These days structured settlements are common forms of payment. Since gaining popularity in the 1970s more and more people choose to receive scheduled payments over time rather than taking a full upfront payment. People choose the structured settlements because it allows them to receive future income and reduces the risk of spending the money foolishly.
While structured settlements can be fantastic, sometimes circumstances can change and you cannot afford to wait for your next scheduled payment. To get the money you need you have the option of selling part or all of your future payments to a company that will give you a lump sum payment in return.
When selling your structured settlement payments you need to make sure that you are getting the very best payment for your money. Not receiving a fair value because of circumstances beyond your control is not fair to you. Some of the companies that buy structured settlements know that your circumstances can be pressing, so they give you a low offer. These companies will then sell your structured settlement to another company or a bank for more money than they gave you.
To avoid an unfair offer it can be helpful to work directly with a bank. Banks are more likely to give you a fair offer when you sell your structured settlement because they have to stand behind their business. If the bank is a publically traded company they have a responsibility to their shareholders to operate in a professional manner.
Selling your structured settlement payments is a hard decision. If you need the money now for unforeseen expenses, selling your settlement may be the best option that you have. When you sell your structured settlement payments to a bank, you are giving yourself the opportunity to get a fair deal on your money.
