How Do You Go About Getting Cash for Note Payments in One Lump Sum of Money?

These days you can get cash for note payments rather than have to wait to receive smaller monthly checks. This is quite advantageous for those who need a large sum of money in the short term for an investment, a purchase or to pay off debts.

Rather than having to go through the hassle of applying for a loan with a bank, getting your credit checked and waiting for approval, a professional buyer can pay you cash for notes of any kind. They could be real estate instruments, structured settlements, business notes or any other cash flow contract. Any debt paper that you currently hold can be turned into a lump sum of money.

Although the concept of receiving a steady payment every month sounds appealing, there comes a time in many people’s lives where they are in need of a larger amount of money. They could come upon a very appealing investment opportunity; they might want to buy a new car; perhaps they are reaching retirement age. Whatever the case may be, getting cash for note payments can be a windfall for them. It is an easy, quick way to get money in hand for whatever you might need it for…you can usually complete a transaction in less than two weeks.

When you receive cash for notes, how much can you expect to receive?

The amount of money you get for your debt paper will depend on a number of factors, and they will be different from one instrument to another. Professional buyers have a formula that they use which takes into account the balance, the interest rate, the time remaining, the stability of the payor and various other criteria.

Obviously, the stronger and less risky the debt is, the more cash for note payments you can expect to receive. Keep in mind that you can also sell just a portion of the note, and keep some of the monthly receivables intact. There are a variety of ways you can structure the deal and the note buyer will go over all of them with you. Consider all of them before you make your decision.

While you go through the process, try to get all of your paperwork in order. It also helps to keep careful notes of everything that has transpired since the day the note was written.

Getting cash for notes is easy; you just have to find an experienced, professional note buyer who can offer you top dollar.

Jamie has been working in the finance industry for many years and is a contributing editor to Learn how to get cash for notes from professional note buyers on our site.