Tuesday, May 18, 2010

Tips to sell structured settlement

A structured settlement is a financial agreement and this was started in Canada and United States in the late 1970’s. It is basically a suit or an agreement for periodic payment for damages and there is a legal structure followed for this world wide. People can sell their structured settlement payments and there are sites which buy this. The common question that people have is whether it is legal to sell structured settlement. The answer is a big “yes” and you have all the rights to sell your structured settlement.

Companies provide cash for structured settlements. The next common question is what happens if we change our mind and decide against the deal. Generally they give a cooling off period and you have all the rights to revert back from the deal. In general it is not advisable to do this since once your committed to a word it is always good to go by that.

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