How To Turn Your Structured Settlement Into Cash

If you have a structured settlement, at one point or another, you’ve probably considered selling it. With bills amounting, thoughts of running your own business or plans to further your education, selling your settlement payments for one large lump sum may be incredibly appealing. The only problem is that most people who want to turn their structured settlements into cash have absolutely no idea how to do it. Let’s face it; most people have never sold a structured settlement before. Here is a detailed step by step guide that will teach you how to turn your structured settlement into cash.

Step #1: Get Prepared – No matter what you’re doing in life, it’s best to be prepared. When it comes to turning your structured settlement into cash, it’s no different. Getting prepared is simple. All you need to do is find all the documents associated with your structured settlement and put them in one, easy to access place. You’ll need easy access to this information because when you call, we’ll need it to provide you with a reliable quote. Another thing you want to do to get prepared is really think of the reason you want to sell your settlement payments. We’ll be having a conversation about that when you call.

Step #2: Give Us a Call – Once you’ve got all of your paperwork in order, it’s time to give us a call to get a quote. Our phone number is (888) 222 – 1397. When you call in, you’ll be greeted by one of our settlement to cash representatives. We’ll ask you questions about your settlement to find out how you got it, how much it was worth when it was awarded to you, what it’s worth now, and why you intend on selling it. Once we have this information, we’ll be able to guide you in the right direction with regards to the ultimate sale of your settlement.

Step #3: Pay Close Attention To Your Options – Once our representative has everything he or she needs to give you a quote, they’ll most likely give you several options. In some cases, you may not need to sell your entire settlement to achieve your financial goals. So the representative may give you an option to sell a portion of your settlement as well as an option to sell your entire settlement. There may also be different terms by which we’re able to sell your settlement for you. It’s important that you listen carefully to all of your options. Don’t hesitate to ask questions so that you completely understand all terms associated with the sale of your settlement.

Step #4: Decide Which Option Would Be Best For You – Based on what you’ve learned in the conversation you’ve had with our representative, it’s time to make a decision as to which option would be best for you. If you need time to decide, that’s OK, just let your representative know when you’ve made your decision.

Step #5: Complete And Return The Necessary Paperwork – As with any other financial transaction, there is going to be paperwork involved in the sale of your settlement. Once you’ve decided which option you’d like to move forward with, we’ll overnight all necessary documents to you. As soon as you receive those documents, take the time to read them over in detail and fill the documents out. The information requested is going to be required for the sale of your settlement.

Step #6: Take Time To Think – Once you’ve completed the paperwork, most states require some type of “cooling off period”. This is to protect you from making a rash decision with regard to the sale of your settlement. In most states, the cooling off period ranges from 3 days to 10 days.

Step #7: Make A Short Court Appearance – When it comes to selling your structured settlement, the court will have to sign off on the transaction. Although the trip will not be a long one, chances are you will need to make a short court appearance. In this appearance, you’ll explain to the judge why you’d like to sell your settlement and how doing so will change your financial wellbeing. The judge will hear you out and read over the terms of the sale of your settlement. At the end of the 15 minute conversation, the judge will either grant or deny your request to sell your settlement payments. Don’t worry; we’ll prepare you for everything. This way, you’ll have a better chance of your request being granted.

Step #8: Get Your Cash – Once the judge has granted your request to sell your structured settlement, we’ll start the transaction. At this point, the transaction generally takes 24 to 48 hours, by which time you’ll have your cash in hand. In most cases, you’ll receive your cash via bank wire. In some cases, you may receive a check in an overnight package!

Now you know how to turn your settlement to cash. What are you waiting for? Call us now to get the process rolling!