Five Things Not to do When Selling Structured Settlements

Here is how to Avoid Them

Number One: Never sell your structured settlement/annuity

to the highest bidder.

Some brokers and structured settlement/annuity sources make a high offer to put someone under contract. Then start making excuses and reduce the offer they made. If you have already signed a contract, it's very hard to get out. If you can get out, the process will have to be started all over again, elsewhere.

Number Two: Don't believe a funding source when they tell you they can do

the process quickly.

The amount of time to close is governed by the state where you live, and the state that the insurance company has their home office in. Depending on the state where you live, it can take anywhere from 1 month up to 4months. These settlements do not close in a week or two.

Number Three: Don't sell all of your Structured Settlement/Annuity at once.

You have the option of selling only the amount that you need. If you have a settlement of $200,000, and you only need $20,000, sell only that amount.Later, if you need more cash, just sell that amount. By doing it that way, you will receive more cash over the life of the settlement/annuity.

Number Four: Don't let being desparate for cash or emotions control you.

Often our need for cash for causes our emotions to get in the way. Cash may be needed for things like starting a new venture or when we are either excited or desparate, we don't always make the best decisions. Take the time to evaluate the situation. Some brokers and funding sources may try to take advantage of the situation. Always discuss your situation with someone you trust for advice,

and save your financial options.

Number five: Do not forget to do your research (due diligence) on the

structured settlement/annuity purchaser.

Check with the attorney general in the state where you live, and the state where the funding source is located to see if there are any complaints against them. If there are too many complaints about them, move on to the next source. Always complete your research before signing the agreement.

For your FREE CONSULTATION call toll free: 877 386 3374 or visit our site:

http://www.freedomfirstfunding.com/ and apply online.