LYCOS RETRIEVER 
Purchase Structured Settlement: Companies
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The National Association of Settlement Purchasers (NASP) is a non-profit trade association composed of companies that purchase structured settlement and other deferred payment obligations. Formed in July 1996, NASP and its member companies support rational regulation to protect the rights of consumers seeking to sell structured settlement payment rights. NASP has adopted a code of ethics, which includes consumer protection and suitability standards, and has created a fraud alert system. NASP is dedicated to providing claimants and their representatives with an efficient, legal and ethical means by which to obtain liquidity from inflexible structured settlement payments. NASP is actively working in a number of states to pass comprehensive legislation that protects the interests of personal injury victims both at the time of settlement, and subsequently should the individual choose to liquidate a portion of his or her structured settlement payments.
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Structured settlement payment of injury claims has become the norm now, as thousand of new settlements are created every year. The major factor behind its popularity is believed to be the tax incentives offered by governments. These incentives are available both to insurance companies that establish "qualified" structured settlements and the payment recipient. The other advantage is for the benefit of the settlement payments recipient, who will have money paid out over time vs. a large lump sum. Traditionally significant sums of money result in a higher rate of financial difficulty.
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The surest way to increase the amounts provided to the intended beneficiaries is to require adequate consumer protection in all phases of a structured settlement, including the original settlement and the subsequent transfer of payment rights. This would assure that beneficiaries are informed of the values and settlement options at the time of the original settlement so that they would be less likely to enter into settlements that do not meet their needs. Additionally, adequate protection in the form of a "consumer bill of rights" as adopted under the code of ethics by NASP members would help to weed out any unscrupulous refinance companies. Just as in the case of lotteries, consumer protection should include required cooperation between the companies making the settlement payments and any companies involved in transfer of payment rights.
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The reasons the keywords are so expensive is because of the competitive nature of the Structured Settlement Factoring industry. Structured Settlements provide injury victims, medical accident victims and others with periodic payments from a major financial settlement. Because situations change, the periodic payments (usually monthly) may not be enough to meet current financial responsibilities. Structured Settlement Factoring companies offer lump sum cash at a discount for the payment stream. In the best case scenario it can be a win-win for all parties.
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If you are ready to unload those burdensome periodic payments for a cash payout, you are probably wondering how to go about selling your structured settlement. The great news is that it is not very difficult. There are several companies online that provide this useful service to people all over the country. Simply decide which company you want to use and let them guide you through the process.
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In the February 6, 2008 issue of its publication Structured Settlements Report, DealFlow Media carried a story titled "Web Based Auction Site Pits Factoring Firms Against Each Other". The owner of the website, Quotemeaprice.com claimed yesterday that he was misquoted by DealFlow Media. That's not all, a review of the article underscores the obvious fundamental lack of comprehension DealFlow Media has about how the factoring exchange works and even what a life company is.
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