Length of the Structured Settlement Transfer Process

At Settlement Quotes we receive many questions on a day to day basis. We will start posting our most common questions and answer them to the best of our ability. This Q&A will be a several part series over the next few weeks. If you have a question feel free to comment.

How long does the structured settlement factoring process take to complete?

Are Low Discount Rates Bad Business?

The following questions were asked by structured settlement factoring companies to Settlement Quotes when acquiring additional quotes on a structured settlement factoring transaction for a client:

• "Is this a legitimate offer?"
• "Can you get this quote in writing?"
• "Can they make money with a discount rate that low?"

The answer to all of these questions was "Yes!" After providing these companies with the written offer to see if they could beat the quote that I obtained, I received criticism for using a company that provides a discount rate in the 8% range.

Selling Part of a Structured Settlement

Many individuals receive a structured settlement resulting from a personal injury tort claim in the United States of America. This financial tool is a source of fixed income that cannot be matched. For some of these victims a structured settlement cannot meet the rising costs of medical care and living expenses.