by John Darer® CLU ChFC MSSC CeFT RSP CLTC
Due to the high cost of money it is generally NOT a good idea to sell your structured settlement payment rights until you have explored and exhausted all other options
If you must go down this route then you should try to accomplish your goal with as little disruption to your long term structured settlement as possible.
A significant variation in discount rates can impact the amount you can raise from selling payments. If you find yourself in a bind and need to sell, it's advisable to sell only a minimal portion of your structured settlement payment rights necessary to address your immediate financial needs or achieve your objective.
So how much does that structured settlement cash now offer really cost you?
If you're handy with numbers, check out the FREE structured settlement calculator on the website structuredsettlement.co
Or consult with someone who has a a TValue calculator or similar program. Use TValue to solve for the effective discount rate including all costs that the factoring company is charging. You can then use the number to compare to other sources of capital such as bank borrowing, credit cards, home equity loan, SBA loan etc.
What you should know BEFORE selling a structured settlement in 2024?
Independent Professional Advice (IPA) for Structured Settlement Sellers (4structures.com)
Structured Settlement Ethics | Why Structured Settlement Affidavit Matters (4structures.com)
#strucuredsettlementcalculator #factoringdiscountratecalculator
Thanks for this calculator. I was looking up some factoring and found this site very helpful!
Posted by: Jack Mason | March 12, 2013 at 02:00 PM