Structured Settlement v. Factoring

I want to clear up one common misunderstanding that people have with terminology in the structured settlement industry. If someone is referring to a structured settlement company they are really talking about a company that assist people that are most likely involved in a lawsuit and are looking to receive a settlement. At the moment they are pursuing legal channels to receive financial compensation for some wrong doing and most likely injury to them.

If someone is looking to sell their settlement payments they would want to talk to a factoring company. A factoring company helps those that already have a structured settlement and are receiving future payments from an annuity.If one wishes to change their future payments into a lump sum than you would talk to a company that purchases such payments which is known as a factoring company.