We will start by asking, what is Structured Settlement? The word “Structured settlements” is a legal settlement, where a defendant pays a particular amount as settlement to a plaintiff in installments over time. For example, if you win a settlement worth $20,000, you may receive $1,000 a month for 20 months or $1,000 a year for 20 years, and this depends on what is stated in the terms of your structured settlement. In some cases, the recipient will look for a structured settlement buyer to purchase all or a portion of their payments. A structured settlement company, which is also unknown as a factoring company, then pays the consumer a discounted lump sum in exchange. The consumer will benefit by this system by allowing access to money up front, and the company that bought the settlement at a discount will also benefit. But first realize how important the buyer selection process is, before making a move.
There are large number of companies out there that buy structured settlement. Don’t be in a hurry to get cash for your structured settlements. Before you sell your structured settlement to these companies, there are a number of questions that you may want to ask yourself:
- How do the terms the company offers you favour you, and can these terms be compared with terms offered by others?
- How does the structured settlement company treat you? Is it with friendliness, patience, and understanding, or are you been placed under pressure?
- Do you have any reason to question or doubt the financial standing of the company?
Below is a list of companies that buy structured settlements:
– DRB Capital
– Fairfield Funding
– CBC Settlement Funding
– Oasis Legal Finance
– Novation Settlement Solutions
– Client First Settlement Funding
– Liberty Settlement Funding
– Singer Asset Finance Company
– AnFed Bank
– Stone Street Capital
– Strategic Capital