People who are interested in selling their structured settlements to JG Wentworth should learn beforehand certain information about the process involved. Commonly, interested structured settlement sellers are not fully aware of the procedures implicated, which is why it is vital for them to familiarize themselves ahead of time. These are two of the most commonly asked questions of first time structured settlements sellers: “Can I sell my structured settlements in portions?” and “Will the company trade my structured settlement into a new one?”
Can I sell my structured settlements in portions?
Financial services companies like JG Wentworth usually buy structured settlements and annuities in portion rather than the entirety. Selling your annuities in portion is much advisable for sellers because it gives them better leverage with respect to their financial assets. Sellers who are not certain whether to sell their annuities in portion or in entirety should consult first with annuity specialists or financial experts in order to learn the pros and cons of each option they have.
Will the company trade my structured settlement into a new one?
As much as JG Wentworth is concerned, the answer is no. The company does not exchange one annuity to another; instead, it purchases the seller’s annuity. The annuity of the seller is generally purchased in exchange of certain amount of lump sum. Typically, the total lump sum is deducted with JG Wentworth fees. These JG Wentworth fees usually range from nine percent up to 30 percent of the total initial structured settlement or annuity depending on circumstances.
Interested structured settlement sellers are advised to seek consultation with financial experts prior to formally selling their assets. By doing this, they can be sure that their actions and decisions would not compromise their need for financial assistance.
Selling structured settlement in exchange for lump sum is best for those people who have the immediate need to acquire money. There are certain situations that prompt people to obtain money in a fast and honest manner. Circumstances like bankruptcy, loss of income, and inability to pay for financial obligations are just some of the reasons why selling structured settlements or annuities is a viable and practical idea even though charges like that of JG Wentworth fees are in place.
Nevertheless, interested annuity sellers must keep in mind that the best way to sell their structured settlements is by trusting only experienced and established companies in order to avoid any setbacks during the selling procedures.