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 What Is A Structured Settlement?
What Is A Structured Settlement?A structured settlement is simply a contract that awards payments over time to a beneficiary. Back To TopWhat Are Some Examples Of Structured Settlements?Many times, structured settlements are legal settlements where an insurance company is ordered to pay damages to an injured party over time. But these contracts don't have to be just legal orders. They can also include, but are not limited to:
What Is Structured Settlement Funding?Structured settlement funding is converting long-term contracts (or payment schedules) into cash for immediate needs. In exchange, the client usually accepts a small discount of a few percent. Back To Top3 Reasons To Sell Your Structured Settlements
Who Can Benefit?Anyone receiving scheduled payments from a settlement or other contractual arrangement can opt to exchange all or part of those payments for a lump sum of cash now. Back To TopDo I Have To Sell All Of My Payments?No. You can opt to sell all or part of your payments. Usually, if you want to sell only part of your payments (say just 30 to meet a financial need), you will receive a lump sum of cash based on the value of those 30 payments, and you will start receiving payments again with the 31st payment when it would normally occur. In general, we suggest that clients only sell what they feel they need to. Clients are giving up a small percentage of their payments in exchange for receiving a lump sum of cash and, as such, they should judiciously evaluate their criteria and need to sell. Back To TopHow Long Does It Take To Get My Money?There is an initial due diligence period on the part of the funder (or buyer) when evaluating your application to gauge their investment risk and the ability of the payor to pay. This process could take take one week or longer to complete. However, once a funder presents an offer, they are ready to move and deals usually close quickly and effectively. Back To TopWhy Haven't I Heard About This Before?The practice of buying payments, or debt instruments, has been around for decades as in the case of selling privately held notes (real estate, boats, airplanes, etc.). It wasn't long ago that an investor, Jim Lokey, decided to buy a structured settlement as an investment and uncovered a huge market and need. Sometimes lawyers advise their clients not to sell their structured settlements on the secondary market or don't even mention the option. They fear their clients might sell something that has been set up to meet their needs for many years to come. We have the same concern. Our primary interest is meeting the seller's specific need for immediate cash, and by purchasing only that portion of the structured settlement that addresses the seller's need. We protect our clients, too. Back To TopI Want More InformationYour next step is to contact us for a free consultation to determine if structured settlement funding is right for you. Simply click on the button below.
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