Structured Settlement

Myths About Structured Settlement Companies

There is a lot of information about structured settlement companies, and it can be hard to know what is true and what isn’t. But what are some of the myths about these companies and facts? Let’s explore them.

Myth 1: Structured Settlement Companies Are a Scam

This is the most common myth about structured settlement companies. If you read reviews from victims who fraudsters have scammed, it may seem like all structured settlement companies are fraudulent and just out there to rip people off. While this has happened in the past, not all operate that way anymore.

There are so many legitimate and fair-dealing companies today that tell you what they intend to do with your money before accepting any contracts or agreements with you. Furthermore, these businesses usually provide proof of legitimacy on their websites through business registrations certificates.

Myth 2: Structured Settlement Companies Are Just Out to Make a Quick Buck

This myth probably comes from all of the scams take place in the past by illegitimate structured settlement companies. However, as stated above, many legitimate structured settlement companies like Settle4Cash and JG Wentworth only want to help you conveniently receive your money for you and suit your needs.

Myth 3: Structured Settlement Companies Are Difficult to Work With

This myth probably comes from the fact that many people do not understand structured settlements and how they work.

As a result, when they try to contact a structured settlement company, they may be met with confusion or misunderstanding on the part of the representative.

However, if you take the time to do some research about these businesses and what they can offer you, it will make working with them much easier.

Myth 4: Structured Settlement Companies Are Expensive

Truth: This myth probably comes from the fact that many people do not understand structured settlements and how they work.

As a result, when they try to contact a structured settlement company, they may be met with confusion or misunderstanding on the part of the representative.

However, if you take the time to do some research about these businesses and what they can offer you, it will make working with them much easier.

5 Facts About Structured Settlement Companies Everyone Should Know

Before you sell your structured settlement, it’s essential to do a background check on the company purchasing it. That’s why we have come up with this list of facts about structured settlements companies to help you find one best suited for selling your structured settlement.

All structured settlement companies are not the same. There is no industry-wide standard or code of ethics. The fact that a company has been in business for several years does not mean they have earned a good reputation among their peers. It does not necessarily indicate they will deliver an excellent service to you as their customer.

Many structured settlement companies who advertise on TV and radio never actually purchase your settlement from you; instead, they act as brokers who find buyers for your settlement and then collect a fee for matching you with them (usually about 15 percent.) This can delay the process considerably since brokers often do not have many potential buyers lined up ready to go at any given time; depending on how quickly one can be found, you could be waiting several months or longer to sell your settlement.

Some unscrupulous companies will try to take advantage of seniors and people with disabilities by offering them a fraction of the true value of their settlements in exchange for an up-front fee (or, even worse, no fee at all.) You must deal with a licensed and bonded company in your state, so you can be sure they are reputable and have a good history of customer service.

Always get multiple quotes from different structured settlement companies funding before deciding which one to go with. This will help ensure you receive the best possible price for your settlement.

Be very careful about giving away any personal information until you have signed a contract with a structured settlement company. Many companies will use high-pressure sales tactics to try and get you to sign on the dotted line before they provide their written quote; this could result in them taking advantage of your financial situation by offering less than fair market value for your annuity payments or other assets.

Conclusion

Structured settlement companies provide you with the best services ever, and they have all it takes to give their clients professional assistance. Structured settlement companies are here to stay because they provide many benefits that you cannot find anywhere else.