Posted on | July 25, 2012 | Comments Off
One of the most asked questioned you get on this topic is ?can I sell my structured settlement payments??? The answer to this is yes you can! But even though you can sell your structured settlement payments don?t mean you should.? And though the payments do belong to you before you sell them in many states you are often required to meet particular prerequisites and get court approval.
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So in short, yes you can sell your structured settlement payments to companies like JG Wentworth, Peachtree Financial, Stone Street, or even Imperial Structured Settlements.? However, you must have it approved through the courts to make sure that selling the payments are within your best interest and that you are not being taken advantage of.
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Some other Things to Know About Selling Payments
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If you are receiving payments and are interested in selling you payments to a structured settlement company like Imperial, you should know that you can sell some or all of your payments.? In most cases people choose to sell just a portion of the payment to cover what they need so that that can still get some payments later on.? In most cases you can even sell some of your payments to different companies in the industry.? One company may buy one portion and another will buy another portion later down the road.?
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One thing to note however is that if you are a minor child you will not be able to sell your own settlement.? In this case it will be up to your legal guardian or some type of legal litigation to get this process to occur.?
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Documents Needed When Selling Your Settlement Payments
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Surprisingly unlike many things there really are too many documents that you will need if you want to sell structured settlement payments. Most of the legal documents will be provided to complete the settlement transaction.? Some of the documents you will be required to provide will be proper identification, a copy of your settlement agreement, and of course an executed annuity contract.
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Almost all structured settlement buying companies have specialist that are there to make sure you have a clear understanding of the paperwork and to make sure everything is filled out correctly and in order.?
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How do you Get Things Started with Selling Payments
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If you are ready to sell some or all of your structured settlement payments you can visit a few structured settlement buyers online website or call their number.? If you visit there website like Imperial Official Website you can fill out the form and submit your information for a quote.? All of the big companies offer you the opportunity to fill out the forms and receive online.? Be clear in what you need and want to get so that you do not sell more payments then you need too.? Also getting quotes from several different companies is recommended.
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