What to Consider Before Selling Structured Payment Settlement

Structured payment settlement has been quite popular in America since 1970s. This financial instrument allows people to receive tax free payments regularly instead of a lump sum of money. At one side, structured payment settlement is a great choice as the recipients will be protected from any judgment. Besides, having structured payment settlement is a wise solution to avoid unexpected stress as well as management issues unlike receiving a lump sum. Regardless of the stability structured payment settlement might be able to provide us; sometimes there are some situations that force us to prefer having a lump sum instead. Therefore, selling your structured payment settlement will be unavoidable.

Procedures of Selling Structured Payment Settlement

Any situation which needs you to sell structured settlement payments can be the need to pay your debt, start or invest in business, buy a new or simply repair your house, fund your education, and etc. The procedures of selling your structured payment settlement are actually not complicated. However, still you need to decide how much you want to sell and go before the judge to grant your request before accessing your cash.

Guidance on Selling Structured Payment Settlement

Decide to Sell

If you have valid reasons, first you need to decide the sale of the settlement process so the sale of the payments will not affect your future finance.

Do Research on the Discount Rate and Service

This is the important step before you decide which company you will take to sell your structured payment. Every company offer different discount rate, but normally it goes around 8% – 18%. When in doubt, opt for the A+ rating reputable company with the lower discount rate.

Assure the judge

After finishing all the documents required, the court will hold a hearing where you need to justify why you need the money and that you’re not in a position which will put your and also your family’s financial future in danger.

Where to Find Sharia Complaint Investments

As a devoted moslem, you are trying the best to become a kaffah moslem or living the fullest of life based on the guideline of the religion. As a faithful person, you have huge respect on sharia and want to make sure that every aspect of your life is always in line with its rule. It is including the financial aspect must be able to meet sharia guideline.

In this modern time, we all know that having a good investment is very crucial to prepare for a better future. We are investing our money for retirement plan, education plan, or for tax saving. The core idea of investment is to get a prospective return from the money we invested. However, as a devoted moslem investing for afterlife is also very important and obeying the law in the Quran is how to ensure we can go to heaven. It is important that you have a halal way to invest and that’s only possible when you invest your money on a portfolio compliant with sharia rule. It can be quite challenging to make the right Sharia complaint investments but you no longer need to worry. ShariaPortfolio will help you to manage your investment to meet the rule of sharia.

ShariaPortfolio is a professional investment management firm specializing in sharia compliant investment portfolio. It has team of professional investment advisers who have extensive credentials in both financial management and in sharia finance. The adviser can advise and recommended which portfolio suitable with your needs and goals where you can invest your money. This firm guarantees that all recommended portfolios are compliant with sharia law and has been certified by the sharia counsel. With ShariaPortfolio you can be sure to make a good investment without violating religious’ teachings. Don’t hesitate to contact this firm for more detailed information.