Cheyenne, Wyoming (PRWEB) August 22, 2013
QuoteMeAPrice.com, one of the originators of the structured settlement sales industry, has today announced sellers with an annuity from The Hartford will face a tougher time finding a qualified buyer. The Hartford has been downgraded yet again, this time to a rating of BBB+ (from A-) in both debt rating and issuer credit rating according to the investors report on their website. The ratings changed June 17th, but it is unclear when The Hartford announced this to their investors.
According to William Hess of QuoteMeAPrice.com "The Hartford is no stranger to reduced ratings. They’ve been downgraded several times in the last few years, as the firm struggles with mounting debt and an inability to provide timely reports to both debt holders and securities regulators. The latest downgrade has caused a significant shift that will directly impact annuitants seeking to sell their structured settlement."
Retail investors working through QuoteMeAPrice.com are now requiring higher rates to bid. This stems from the increased risk buyers take on due to the downgraded rating of The Hartford. It’s similar to the world of consumer lending – greater risk requires higher interest rates. In the world of structured settlement sales, higher risk requires a higher percentage of the total amount to offset that risk.
For sellers, the result is twofold. First, they will find that it now takes longer to locate a qualified buyer through QuoteMeAPrice.com’s buyer competition format. Second, sellers will find that they are left with less money overall after selling their annuity for a lump sum payment.
With that being said, it’s not all doom and gloom. QuoteMeAPrice.com remains the best option for annuitants to find qualified buyers, compare offers and select the quote that best fits their needs. Sellers need only provide their information to get started comparing quotes from qualified buyers interested in purchasing their structured settlements.
To find out more about QuoteMeAPrice.com or to start receiving quotes from buyers immediately, visit http://www.QuoteMeAPrice.com.
About QuoteMeAPrice.com: QuoteMeAPrice.com was founded to provide recipients of structured payments with a means to get companies to compete for their payments. This innovative solution ensures that sellers are in control of the situation, and receive the maximum amount possible while top funding firms vie for their business.