Help assess the reputation of the structured settlement purchaser

The various companies that purchase settlements and annuities, consider your financial situation before you decide the buyer. The quote made by your structured settlement purchaser must be a reasonable estimate based on the actual value of your settlement, depending on whether you are offering the whole or part of the structured settlement. In addition to reviewing the offer made by the buyer, be sure to research the company's reputation in the field. An established well funded structured settlement purchaser is what you are looking for.
Before you sign the deal you may also need to approach a local judge to get a legal approval to the settlement buyout plan. Your lawyer should be able to take care of the legal formalities required before entering into an agreement to sell your settlement. Some purchasers, however, offer free legal work as part of doing business with them. You will need to provide to the structured settlement purchaser the copies of your settlement agreement as well as details of your insurance provider. Depending on the structured settlement purchaser and the insurance company that handles your settlement, the purchase procedure may be processed within 2 or 3 weeks of the agreement signing. Don't be alarmed if you are told to plan on 90 days as sometimes, these cases take a long time due to the policies of certain local judges.