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Structured Settlements - Need Money in a Hurry Than Selling Your Structured Settlement May Not Be The Answer Need dollars in a hurry, than selling your structured settlement may not be the answer. It might take anywhere from 6 weeks to 4 months to obtain your money. Why you may ask? A new safe guard has been put in place called a court order. A judge has to rule on if selling your structured settlement is in your best interest. If you don’t have a court order than a tax equal to 40 percent could have to be paid on the total amount of payments being sold. For example: to pay for medical expenses, to buy a house, pay for a particular education, a business opportunity or to keep from filing bankruptcy may be considered in your best interest. When deciding whether to sell your structured settlement or not, you need to consider that your proceeds are put to good use or the court could not approve a court order giving you the money. It is important to find a particular a ethical company that buys structured settlements. A company or broker who isn’t familiar with the complex laws including procedures involved in selling payments could only add to the time it takes to obtain your money. Getting the best price quote doesn’t mean you could obtain that best price. That is why I say it’s important to find a particular a ethical company. A lot of games are played like adding different fees at the time it is time to funding the sale. Buyer beware, or in the case, Seller beware!
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