A Good Structured Settlement Factoring Company Can Make Your Sale Smooth

Finding the right structured settlement factoring company is the most important part of selling your settlement. As you may already realize, selling your structured settlement, annuity payments, or lottery winnings is easy in some ways but extremely challenging in others. Sure, there are a lot of companies who will respond to you. But beware: some buyers will make promises they realistically can’t fulfill when they try to tempt you to work with them. Others will not know how to answer your questions. With Strategic Capital you are working with the best company, but you should know how to judge this for yourself.
Asking the Right Questions of Potential Structured Settlement factoring Companies

So how do you know if you’re getting a fair deal? How do you know if you are choosing the right structured settlement factoring company to work with? You’ll know for sure after the fact, but you will increase the likelihood of making the best choice, and doing the right transaction if you learn all the facts before you make a decision.

That’s where Strategic Capital Corporation comes in. We understand the industry “secrets” (facts) that you need to know to get the best deal when you want to sell your structured settlements. We know what you need to know. To make things easier for you we have compiled the following lists of questions that you should ask any structured settlement factoring company that you are considering working with.

Question 1: What fees do you charge? Ask anyone who wants to buy your settlement what fees they will charge you, other than court fees and legal costs. At Strategic Capital we have no hidden fees, no handling fees or administrative fees, in fact, no fees at all – that means the most money in your pocket!
Question 2: What is the discount rate? Ask the company trying to buy your settlement what their discount rate is and compare this to other companies. Strategic Capital discount rates often result in you paying less than you would pay in interest on a traditional credit card!
Question 3: How much will I net? Ask the company to show you, clearly, the bottom line. This means that you want to see how much your payments are worth in the long run, how much they will pay you now, what the sale is going to cost you and whether there are any fees that are deducted from the purchase price.
Question 4: What will I have to do? Ask them how the process works and how long it will take. A reputable company will be able to walk you through the entire process so you know what to expect, how long it will take, and what role you will need to play.
Question 5: Do you have satisfied clients? Ask for success stories. A good factoring company can tell you about satisfied clients who have successfully changed their long term payments into a lump sum of cash.
Question 6: Do I have any alternatives? Ask about alternatives to selling your payments. This question is perhaps the most telling one that you can ask. A company that is concerned only with their profit, and not with your financial success, will only tell you the benefits of selling your settlement. A reputable, caring company such as Strategic Capital will give you honest information, helping you consider other ways of getting the cash that you need and truly deciding if selling this settlement is your best choice. Believe it or not, sometimes we may suggest that you should not sell your settlement!
Deciding to Sell Your Settlement Payments to a Structured Settlement Factoring Company

Although structured settlements are valuable financial assets, what was ideal for the individual at the time that a structured settlement was created may no longer be beneficial today. Whether for medical expenses, a child’s education or an heir’s need to settle an estate, more annuitants are choosing to sell structured settlements for cash today to meet unanticipated needs and to address changes in their circumstances. But before you jump right in you need to be sure that you are working with the right company.

Published : April 25, 2013

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