SOURCE: Settlement Quotes, LLC

December 19, 2008 04:33 ET

Settlement Quotes, LLC Provides 7 Tips for Consumers Selling Structured Settlement Payments

Making an Educated Decision Is the Best Decision When Selling the Rights to a Structured Settlement

ELLINGTON, CT--(Marketwire - December 19, 2008) - Settlement Quotes LLC, a leader in the structured settlement lump sum industry has provided 7 tips for consumers selling the rights to their structured settlement annuity payments during this holiday season.

Christmas gifts, travel expenses, and holiday parties are just the start to the normal expenses everyone faces during this time of year. With the current economic climate many individuals will find themselves with mounting debt after the holidays. "It is important to plan now before the debt becomes uncontrollable," said Andrew Cravenho, CEO of Settlement Quotes, LLC.

Many consumers are unaware of their options when selling their structured settlement payments. Do I have to sell the entire settlement? What is a good price? Which company is most reliable? How long does this transaction take? Cravenho has provided 7 tips to consumers before selling a structured settlement.

1) Create a budget. Find out if you can get by without selling the rights to your structured settlement.

2) Check all other options to obtain the cash you need, such as family members, friends, or a Credit Union. Structured settlement factoring transactions are expensive and should not be used as a checking account.

3) Never accept the first cash offer obtained from a specialty finance company.

4) Shop your structured settlement to multiple companies to make sure you are receiving the best value for your structured settlement.

5) Evaluate your current financial condition and decide whether you need to sell the rights to your entire structured settlement or just a portion.

6) Consult with a financial planner or attorney to help decide if you are receiving a competitive price for your annuity.

7) Re-consider your choice to sell your structured settlement, think about the impact this transaction will have on your future.

About Settlement Quotes, LLC

Settlement Quotes, LLC provides annuitants with a marketplace to shop structured settlement, annuity, and lottery payments to a network of private investors and structured settlement factoring companies. Settlement Quotes is located in Ellington, CT.

For further information please visit www.structuredsettlement-quotes.com.

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