For those not familiar, a structured settlement is a financial agreement that allows court-awarded payments to be paid in periodic installments over time as opposed to in one lump sum. These payments typically come from winning a lawsuit that involves personal injury, wrongful death, or medical malpractice.
The downside to a structured settlement is that despite needing the money right away to pay for bills and such, you will get it over the course of several months and even years. Luckily, you always have the option to sell structured settlements instead.
How Does it Work?
If you need money right away and do not have time to be paid out in a series of payments, it may be time for you to sell structured settlements. This works by selling it to a structured settlement company that will first give you a quote and, if you agree on the dollar amount, will begin the process. Eventually, you get your payment either by check or wired directly into your bank account.
How Long Will It Take?
The entire process takes about 45 to 90 days, depending on the state’s laws and provided that the judge signs the court order. In some rare instances, the process may only take a couple of days. It simply all depends on how long it takes the judge to make a decision and the courts to finish up the process. You can rest assured that you will get your money, however.
Contact We Pay More Funding LLC for more details.