If you have been thinking of selling your structured settlement or other annuity payments, you will want to receive the maximum amount of money for your future payments, however the price shouldn't be the only thing you should be considering when determining whether to sell your payments. To make sure you don't become a victim, you need to also carefully review these other traits of the company you are soliciting.

Fair and Honest Company History

For most people, this is the largest financial transaction they will ever do.  You are looking to receive a significant lump sum in exchange for your guaranteed future structured settlement payments.  Does the buyer you are working with have a good reputation of fair and honest dealings with their clients? Make sure the company is properly licensed, if required, and can provide you with verifiable information about their history and reputation when requested. Also, make sure the company is accredited by the Better Business Bureau, or BBB. Fairfield Funding is a member of the BBB with an outstanding A- rating. View Fairfield Funding's BBB profile.

Convenient and Fast Service

Many people sell their structured settlements and annuities to obtain a lump sum of money as quickly as possible to pay high interest debt such as credit card bills, medical bills, college tuition fees and other expenses.  Make sure you understand how long the transaction will take to complete and what your remedy is if the company takes longer than they told you.

Legal Expertise

Another important factor is to consider when choosing a structured settlement buyer is their knowledge of the laws in your area. The laws concerning the sale of structured settlements vary from state to state, and some states have more complicated laws than others. A good company will explain the legal details of the structured settlement transfer process as well as go through all the terms and conditions of your structured settlement contract with the buyer.  Make sure you ask questions and that the company fully explains explain anything that may be unclear to you.

Fairfield Funding has recently hired attorney Marc Harris as its General Counsel. Mr. Harris has many years of experience in the legal and financing community and is a welcome addition to the Fairfield Funding team. View the full bio of Fairfield Funding's new structured settlement attorney.