Often when people are in desperate straits they will turn to any means possible to make quick money. For individuals who have been receiving regular settlement payments there is a great temptation to sell the settlement and collect the money that they need for the emergency.
When one is considering selling a structured payment it should be done with careful consideration and thought. There are several companies that buy cash settlements. These companies are called "Factoring" companies because they calculate the amount of the settlement versus what the individual has already received and include in the calculation the desperation of the individual selling the settlement.
There is no set way that a factoring company calculates the lump sum that they will offer for a settlement. Therefore it is very important to get bids from at least two other companies before making a decision on which company to sell the settlement to. This process can take up to a month but is a very important step if a person is going to get the most money from their settlement that they can on short notice.
Once an individual makes contact with a factoring company and gives them the details of the settlement they will receive sales calls from other factoring companies and financial institutions who may wish to sell a product or service that is unrelated to the settlement payment.
Visit SellMyStructuredSettlementPaymentsNow.com for additional information on sell settlement payments.
Article Source: http://EzineArticles.com/?expert=Sam_Renolds
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