On Winning the Lottery and Selling Lottery Payments
During these trying times, winning the lottery seems like the answer to all our prayers. If you are one of the lucky few who have won the lottery and are receiving lottery annuity payments, you may choose to sell annuity payments and receive a lump sum.
There are a lot of structured settlement companies in the country that may be interested in buying your lottery annuity payments. While the lump sum they would offer is less than what you are getting over the years, cash you can spend now however you so choose has obvious advantages over inflexible future payments.
Selling Lottery Payments to a Reputable Buyer
In order to make the most of your decision to sell lottery payments, get the help of a reputable company with years of experience purchasing lottery winnings, structured settlement payments and annuity payments. Such a company will be able to pay you top dollar for your lottery payments and provide you financial advice to boot. They will help make certain that you make an informed decision regarding how much of your payments and which of your payments you should sell.
Selling lottery payments without the benefit of sound financial advice could worsen your financial problems instead of solve them. You may want to sell just some of your lottery payments and keep the rest of your future income stream.
A reputable structured settlement company can tell you how much your payments are worth and then advise you if selling them will serve your best interests or not. Upon selling lottery payments, all financial risk is transferred to the buying company. If you are dealing with a good company, they will be able to make quick money transfers within less amount of time.