Financial Resource CenterSee Details

FairField's 100% GuaranteeSee Details

BBB Accredited Business - A+ Rating

Financial Resource CenterSee Details

FairField's 100% GuaranteeSee Details

BBB Accredited Business - A+ Rating

How Soon After I Settle My Case Can I Enter Into A Structured Settlement Transfer?

If you are involved in a lawsuit which has concluded with a Settlement Agreement, you may have the option of selling all or a portion of your settlement payments. Before you can enter into a structured settlement transfer, there are a few things which must take place. First, your settlement has to be final. This is accomplished when you enter into a document labeled as a Settlement Agreement or Settlement and Release Agreement. Second, you would only be eligible to complete a structured settlement transfer if your settlement money is going to be paid out over a period of time. It could be paid out monthly, quarterly or annually but it must be paid out over time rather than you receiving the full settlement proceeds at the close of your lawsuit.
If your settlement is reached and is being paid out over time you will receive several documents from the insurance company that will be responsible for making your structured settlement payments. Most importantly, you will be receiving an annuity contract. This annuity contract should specifically list out the payments you are scheduled to receive as well as when you will be receiving those payments. As soon as you are sure of the payments you are scheduled to receive you can begin researching selling those payments in exchange for a lump sum of money. The ability to research different structured settlement companies has become increasingly easy with the assistance of search engines such as Bing, Google and Yahoo. Additionally, you should call companies and talk to their representatives about your options.

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Connect.

Call Now.

888-943-8637

© Copyright , Fairfield Funding. All Rights Reserved. Privacy Policy
Site Design by Derek Perez Design