Would you like to receive a lump sum of cash for your structured settlement? Thousands of people every month ask us if they can sell structured settlement payments? The answer is Yes! You can sell your future payments for a lump sum of money.
Settlement Quotes (SQ) will obtain 6 lump sum quotes from competing companies to provide you with the most cash for your future settlement payments. SQ will also provide a free analysis of your payment stream.
We will help you receive the most cash possible for your structured settlement. Our main goal is to create competition from our large network of structured settlement funding companies. This competition will reduce the discount rate allowing more money in your wallet.
We offer different payment solutions to help your financial portfolio. Whether you would like to sell your entire structured settlement or just part of your structured settlement, we will make it work. Settlement Quotes is here to help any way we can.
SQ has become a leader in the structured settlement factoring industry due to our continued support and quotes that we provide for our clients.
If you would like to sell your structured settlement payments please complete the short form on the right or call 888-665-1257. A representative will contact you with your quote for your structured insurance settlement. If you have any questions fell free to contact us at 888-665-1257.
1. Am I allowed to sell my structured settlement payments?
Technically, you do not own your structured settlement payments, you are the beneficiary of your future payments. Receiving your structured settlement annuity from an insurance company states that you have a financial interest in those payments. You have the legal right to sell that interest in your future payments even if the annuity contract you entered into prohibits such sale. If the agreement prohibits you from selling structured settlement payments, often the funding company can get them to agree to a transfer. Another option available to the funding company is to take the issue to court at their cost and obtain a court order allowing you to you to receive cash for structured settlement payments.
2. Why would someone want to sell their periodic payments?
You may have entered into your structured settlement agreement some time ago. Many times a structured settlement is the result of a personal injury settlement. You may now have new financial needs and want the cash now. You may want to pay off debts, buy a house, provide for your child's education, or invest in a business. Our goal is to match you with a structured settlement company that can get you the maximum amount of cash for your future structured settlement payments. Only you can make the decision to sell your future payments.
3. Do I have to sell all of my future payments? Can I sell just half of my payments?
You may sell all or only some of your structured settlement payments. This is completely up to you. SSQ will match you up with a structured settlement buyer who will provide these services.
4. What kind of price can I expect to get for my structured settlement payments?
Because we work with hundreds of financial institutions, we will make every effort to provide you the most cash for your structured settlements. We match you up with the best company that fits your needs. See for yourself, contact us for a free quote.
5. What is the process to sell my future payments?
(a) You enter into an agreement to sell your structured settlement payments to a funding company.
(b) The buyer of your structured settlement goes to court obtaining a court order on your behalf and at their expense, assigning your structured settlement payments to them upon your payment to you of the agreed upon sale price.
(c) The court order is a mandatory step and protects both the funding company and yourself.
(d) The funding company pays you your lump sum and finalize the transaction as soon as all of these steps are completed.
6. How long will it take to complete the sale and for me to get my lump sum up front cash?
It usually takes about 4 to 6 weeks to receive your lump sum cash settlement and complete the sale of structured settlements and for you to get your check.
7. Will I have to pay taxes on the cash I receive from the sale?
This is dictated by a case to case situation and needs to be answered by your funding company.
This structured settlement factoring calculator will provide you with the discount rate of your structured settlement factoring transaction. The national average of a structured settlement factoring transaction is 19.2%. Settlement Quotes average discount rate is between 8- 10%.
The discount rate is used to price structured settlement factoring transactions. The lower the rate, the more money you receive in your lump sum payment. Feel free to play with the calculations to find out how much you should receive.