Texas Court Rules on Structured Settlement Market - CBC ...

Recent action by the Texas courts shows how important a competitive market is for structured settlement sales.

A Texas trial court last month rejected efforts by settlement buying company Imperial Finance to claim that its customers must use the firm exclusively to make structured settlement payout deals. Imperial has argued that its customers should not be able to get competitive bids from other structured settlement buyers.

Texas courts have repeatedly said that this restriction of consumer rights goes against a fundamental principle of the industry, which is that those looking to sell all or part of a structured settlement should have access to competitive bids or offers from various structured settlement buyers. In other words, sellers of structured settlement legally have the right to shop around and get offers from other companies.

This recent legal challenge underscores the dedication of state governments to providing a fair market for selling structured settlements. Judges sometimes reject a transaction because it does not give the seller enough of the money in exchange for what he or she would receive over time from a structured settlement. Competition is part of finding an equitable deal that a judge will accept as the basis for a structured settlement sale. Those who want to sell their structured settlement to get cash up front may not have access to the best deals if they can?t shop for competitive offers.

So what do you need in a structured settlement buying firm if you are looking to get cash out of your settlement?

You don?t want a firm that will try to trap you in a ?contractual agreement? and prohibit you from looking at competitive offers. Beyond that, though, structured settlement sellers also need buyers that will help them understand the basic terms of these transactions as well as all the procedural details that can make or break the process of obtaining a lump sum for a structured settlement.

At CBC, we?re dedicated to getting our customers the best deals possible. We also provide our customers with good information every step of the way and our experienced team will make sure that you are kept up to date on how your structured settlement process is progressing. If you want to make the most of your plan to sell a structured settlement, talk to us about how we can get you the results that you need.

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