Don’t Be Fooled by Structured Settlement Scams

If you are considering cashing in your structured settlement for a lump sum payment it is natural, even encouraged, for you to get a variety of quotes before selecting the company you use. Unfortunately, there are many sham structured settlement buyers on the scene. A quick web search may bring you to dozens of sites that are merely fronts for marketing companies who want to collect your personal information and sell it to others. How do you tell the legitimate companies from the scams? There are a few simple checks you can do before giving any entity your personal information.

First, check and see if the website lists an actual physical address for the company. If there is a physical office location, there is less chance you are dealing with a scammer.

Next, look for information on how long the company has been in business. Generally, if the website is fairly recent, you are dealing with a sham company. If you call the company, don’t be afraid to ask how many years they have been in business or how many years of experience the employees have. You can also check the Secretary of State website in the state the business was formed to verify the company’s history.

Finally, verify the company has a privacy policy that stipulates what they will and will not do with your personal information. If they do have such a policy, read it, and make sure you are comfortable with the language it contains. If they do not have a privacy policy, it is a sure sign of a scam.

123 LumpSum would love to assist you in getting started with selling your structured settlement. Our company has been accredited by the Better Business Bureau and we are proud to say we have an A+ rating with them. Call us toll-free at 877.Y.NOT.NOW (966-8669) or request a free quote online at