Choosing The Right Company To Buy Your Structured Settlement
If you have an annuity, you have the ability to sell your payments for one lump sum of cash up front in exchange for a portion of your settlement. Second Street Capital Solutions offers settlement owners instant cash in exchange for selling some or all of the future settlement payments. When a secondary market transaction occurs, instead of getting the future payments, the buyer is the recipient of the payments and the former owner gets a lump sum from the buyer.
If you are facing financial woes such as medical debt or home foreclosure, as the owner of a structured settlement you may choose to sell some of your payments. When an annuity is set up, it’s usually customized to meet your needs. However, sometimes those needs change and you as the structured settlement owner need to access your money all at once. Selling your upcoming payments allows you to gain access to your money quickly.
Federal and state laws exist to protect consumers against deceitful companies. However, be sure to do your homework on whatever company you are considering selling your settlement payment to. Do an online search and see if any negative customer reviews come up. Few companies can have a flawless record, but if you’re seeing more than 15% of reviews as negative reviews or an overall “star rating” of 3 or less, move along. Another thing to consider when looking at reviews is the response from the company. If they have not replied at all, it’s a bad sign. If they respond and seem focused on fixing the reviewer’s issue, that’s a good sign. Don’t be too alarmed if you don’t find many reviews, sometimes that just means a company is rebranding. A great place to look is at the website for Better Business Bureau. They examine and sign off on companies prior to offering them an A+ rating and allowing them to display their logo on the company's website (like you can see in our footer below).
There are several major companies, such as JG Wentworth most famously, that offer these services. It’s important to keep in mind however, that JG and Peach Tree, as the largest provider of these services, offers payouts far lower than you could get by working with a smaller company. They have massive overhead and advertising costs. Companies like Second Street Capital Solutions get our business from word of mouth and more direct online marketing efforts which allows us to keep our costs down so we can pay out high. You should always look closely at smaller companies for the best value and best customer service. Reputable smaller companies can offer you the best deals on selling your structured settlements fast.
Once you sell your structured settlement, the purchaser becomes the receiver of some or all of your upcoming payments. In exchange for giving you this income, we at Second Street Capital Solutions offer you a lump sum large enough to solve your current financial struggle or to kick-start whatever endeavor you are interested in such as an investment or college tuition.
When working with Second Street Capital Solutions on selling your structured settlement, you’ll notice we provide you with all of the end-of-deal fees in writing with no attorney or compliance fees are passed onto you. For us, it’s important to be transparent and fair always. If your quote says you should get $84,000 for selling your future payments, then that is the precise amount that will be listed on the check. Don’t let other companies take advantage of your experience with selling your settlement! You can always trust Second Street Capital Solutions.
