People who choose to sell their structured settlement payments are usually looking to convert their structured payment plan into one large amount that can be used as they see fit. Selling structured settlements, annuities, or lottery payments should never be a spur of the moment decision. Rather, the seller should thoroughly research different buyers to determine which companies will offer the best rates and provide the best service and information.

Reliability and Reputation

The first thing that has to be considered when you decide to sell off your structured settlement payments is a reliable finance company that specializes in buying these settlements. You can gain info about these finance companies by conducting research or by contacting a lawyer. Check the past payment records and the quality of work relationships of the finance company to ensure a fast transaction.

Facts about Structured Settlements

As per the federal and state laws, in each state it is compulsory to obtain approval from the court before selling your structured settlement payments.

View Structured Settlement Laws in Your State

The transaction begins by the finance company sending a disclosure document to the seller. This disclosure document enlists all the terms and conditions that have to be followed when you sell your structured settlement payments. Pursuant to each states Statutes, there is a waiting period between the disclosure and the signing of the agreement to sell the payments. Once the disclosure and agreement is executed, then the disclosure document is submitted to the court for approval. Within of short period of time after obtainment of approval from the court, the finance company transfers funds to the account of the seller and the sell off process of structured settlements is completed. This process allows the client to use the money as he or she wished. Also, a good finance company should offer flexible payment options such as cheques, wire transfers, or demand drafts.

Research and Review Your Options

With the many finance companies that offer financing services, be sure to inquire about the experience and reputation of the team that will be handling your transactions. 

About Fairfield Funding

We are a full service funding company specializing in purchasing and funding Structured Settlements and Life Settlements. Collectively, Fairfield Funding's management has over 50 years of experience in the financial services arena. We specialize in meeting the short term financial needs of our clients through low cost funding transactions. We strive to keep our operating costs low and pass those savings on to our clients. If you have a Structured Settlement or a Life Settlement please contact us and we will guide you through the process and make sure you get the most money possible.