by admin
9. November 2010 03:47
Hi everyone. J.G. Wentworth here.
In my last blog entry, I told you about how to get ready to sell your structured settlement payments. I’d like to continue that entry with three more steps you should take before moving ahead with a transaction.
Get options. There are many, many different ways to break up your payments and sell them to get the cash you want. For instance, you could sell just a quarter of your regular payment for several years, or you could sell all of your payments for a much shorter period of time to raise the same amount of cash now. Get lots of options and figure out which one works for you.
Locate and organize your settlement documentation. In order to complete your transaction, you will need to produce significant documentation, including your settlement agreement, annuity contract, and other insurance company information. By having it on hand you can speed up your transaction.
Ensure the structured settlement company you are working with is reputable. Of course I hope you are working with us! Then you know you are dealing with a reputable outfit. But if by chance you are not, I strongly urge you to check things out. I hate to say it, but not everyone has the same high standards we do.
If you follow steps one through six outlined in Part I and Part II of this blog entry, you’re well on your way to being a better, smarter consumer. And the smarter you are, the better you can do negotiating a transaction that works for you. Remember what I always say: “It’s your money, use it when you need it.”
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