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Here’s a step-by-step guide to selling your structured settlement payments for a lump sum of cash.
Reach out to an experienced specialist and request a quote. Make sure they are clear on all your options. In most cases, there may be more than one offer to determine how to reach all your Know your settlement terms, the total value of your payments, and the amount you wish to sell. Note that the offers may vary based on factors such as:
Discount Rate – This rate determines the cost of accessing your money early and affects how much cash you’ll receive upfront. Lower rates generally mean a better deal for you.
Transaction Fees – Some companies may charge fees for legal filings, court approvals, and other administrative costs. Ask for a detailed breakdown of fees to avoid surprises.
Selling structured settlement payments requires court approval to protect you from making decisions that may not be in your best interest. You’ll need to present a compelling case for why you need the funds, and a judge will assess whether the sale is in your financial interests. The structured settlement company you choose will typically assist with the legal filings and the court process.