Have you brought a lawsuit against a company or an individual that you claim caused you permanent harm as a result of their negligence or intentional misconduct? Did you win or settle your lawsuit? If so, you may want to consider your options on cashing out a portion of your future payments or possibly all of them depending on your current needs. Keep reading!

What is a Structured Settlement?

Ordinarily, when you win a judgment or settle your lawsuit, the defendant has to pay you the judgment or settlement amount in one lump-sum, structured payments over a period of time or a combination of both. Once you agree to it, you are stuck with the terms of the structured settlement. You cannot change these terms at a later date. Depending on your circumstances, a structured settlement might make sense. However, when unexpected changes in life occur and monthly payments are just not enough, it’s time to consider exchanging your future payments for a lump-sum of cash. This option will help assist you in financial situations such as:

• Managing a financial crisis and covering a sudden obligation.

• Mortgage needs, medical emergencies or debt repayment.

• Starting a business.

• Enabling children to pursue higher education.

The Process

The process of receiving cash for your future structured settlement annuity payments usually involves several steps. Providing financial documentation of the payments to be received ensures that our partners are able to work with your payments and guarantee you with a fair market value offer for your payments and not a ball park figure. Once you agree on a quote, a disclosure statement will be sent to you prior to sending the actual application. This document will list how many payments you will be exchanging and how much money you will be receiving. Following this, the application must be signed and notarized which will be submitted to the courts. This process is court ordered. A judge in your county will review your case and will need to find it in your best interest to exchange these payments. Don’t be alarmed! The sale of structured settlement annuity payments is a routine transaction.

The law requires that all structured settlement factoring transactions be approved by a state court in accordance with a qualified state statute. Qualified state statutes must make certain baseline findings, including that the transfer is in the best interest of the seller, taking into account the welfare and support of any dependents. In response, many states enacted statutes regulating structured settlement transfers in accordance with this mandate. The process takes an average of 60 days. Much of the process depends on local laws as well as the willingness of the seller’s insurance company to cooperate in the sale. Legal hassles or foot-dragging on the part of the insurance company may slow the sale, but usually our partners can overcome most setbacks in a sale with little trouble.

We will offer you the opportunity to sell your annuity payments and structured settlement payments for cash you can use sooner, rather than later. Our partners will contact you and provide you with the best possible options to raise the money you need.

Received your free no-obligation quotes today! Don’t wait another day.