5 Tips For Selling Your Structured Settlement

By Author: Jenny Sweeney
Total Articles: 4
Comment this article

Consumers choose to sell their legal settlements (also referred to as structured settlements) for many reasons. While many sell their payments to help with college tuition, debt reduction, medical expenses or mortgage payments, most people sell their settlement to gain financial flexibility when personal or financial needs change. The long payout periods of most structured settlements - typically up to 30 years - work well for many holders, but not all, said Andrew Torre, Chief Compliance Manager for J.G. Wentworth. Many people find that they need access to their money now to pay for legitimate needs.
However, consumers often are unaware of their options when selling their structured settlements. What price is too low? Which company is reliable? Can I sell just part of my settlement? These are just some of the many questions that arise when considering selling your structured settlement. Torre recommends doing thorough research ahead of time. He offers these 5 tips to consider before selling a structured settlement:

1.