Ask the Expert: Should I try to sell my payments?
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Q: Five years ago I tried to sell some of my future structured settlement payments but the court denied me. I lost my job and cannot find work. I could really use the money to keep a roof over my head while I’m looking for work. Is it worth trying to sell my payments?
A: If the court previously denied the transfer of your payment rights to a factoring company they may have thought the previous transaction terms were not in your best interest. Since today’s rates are much more competitive than a few years ago and your financial situation has changed, the courts may be more likely to approve the transaction this time around. If you’re considering selling your payments, give us a call at 877-386-3377 for a free market evaluation for your annuity payments.