If you are thinking about selling your structured settlement payments, you most likely have financial needs that need addressing sooner, rather than later. At the same time, however, you also want to maximize your structured settlement payments’ value, and get the most money that you can.
With that in mind, today J.G. Wentworth would like to list some of the mistakes people make when they sell their settlement payments; our goal is that you avoid these mistakes, and instead engage in the structured settlement transaction skillfully and wisely. Here is just a short list of some mistakes to avoid:
Mistake 1: Failing to understand the transaction terms
Unfortunately, far too many people do not understand what they’re getting into when they sell their future settlement payments. You cannot afford to be one of them. You must take it upon yourself to understand all the details of the settlement transaction, including exactly what payments you are selling, how much money you are selling them for, whether there are any hidden fees or charges, and when that money is going to get to you. If you remain unclear about any details, ask questions and don’t sign any documents until you are clear about what to expect.
Mistake 2: Working with a disreputable company
Sadly, there are a number of structured settlement and annuity purchasing companies with poor reputations, including that they do not offer a fair and reasonable value for future settlement payments. Take the time to shop around and do research on any company with whom you are considering doing business, carefully reviewing their reputation and experience.
Mistake 3: Rushing into the transaction
Without question, your need for cash may be pressing; nevertheless you must not rush into the sale transaction without carefully weighing all your options. Consider not just the company you are dealing with, but also whether the fundamental choice to sell structured settlement payments for cash now is the right one for you. It can have a measurable long-term impact on your financial future.
Mistake 4: Spending the cash windfall too quickly
With all the careful planning people do, sometimes when the money from the structured settlement transaction arrives in the mail, the sight of that check causes even the most responsible folks to go on a spending spree. Don’t be one of them. If at all possible, put the money straight into the bank for a few days, then spend it carefully and wisely.
Mistake 5: Not calling our company
Why do we consider not calling J.G. Wentworth to discuss your options as big of a mistake as the other four? It’s simple: we have spent over two decades building our experience, our team, and our customer relationships, and have a standard of excellence in this business that we believe no other company can match. We’ve handled over $4 billion in structured settlement and annuity payment purchase transactions during this time, have a Better Business Bureau rating of A+, and will bring our experience and know-how to your transaction, giving you a lump sum of money for your payments – and then delivering that money to you as soon as we possibly can.
But don’t just take our word for it! After all, rushing into a transaction is one of the big mistakes we’ve mentioned here, and one we truly want you to avoid. Instead, call our company today at 877-227-4713, speak at length to one of our knowledgeable account executives, and ask them any question you want about your structured settlement payments and your specific needs. They will take as much time as you need to carefully answer all your questions, walk you through each step of the process, and get you the money you need sooner. Once again, J.G. Wentworth’s team of account executives can be reached at 877-227-4713. We look forward to speaking with you.
Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.