Hi folks, J.G. Wentworth here. Our recent blog explained the process of selling annuity payments for cash now; today, we’d like to offer that same simple explanation of how J.G. Wentworth purchases future structured settlement payments for cash now – putting that money into our customers’ hands as soon as we possibly can.
Here is our breakdown of the five step process of getting cash now out of future structured settlement payments.
1) Contact J.G. Wentworth
As with annuities, the first step to getting cash into your pocket is to call J.G. Wentworth to discuss your original structured settlement agreement. If you qualify, we will make an offer for your future settlement payments – one that you are under no obligation to accept, of course. But if you like our terms, and decide to move forward with the transaction, we will then proceed to step two:
2) Mail your official documentation to our company
We need to confirm all the details of your original structured settlement agreement and review all relevant legal documents. After this review we can then mail you an offer in writing.
3) Review the offer and sign our contract
If you like our terms, carefully review our quoted offer and mail a signed contract back to us. The sooner we received your official paperwork, the sooner we can get money into your pocket!
4) A judge reviews the paperwork
This part of the process sometimes takes a longest, but for very good reason: it’s for your own protection. The bad news is that this court-mandated review generally takes anywhere from 60 to 90 days. But once approval is received, you can move onto the last and best step:
5) Get your cash!
This will usually occur within mere days of the court’s final decision approving the sale of your structured settlement payments and after our final underwriting approval.
Have questions about any one of these steps? Or are you simply ready to begin and get that money out of your future structured settlement payments and into your pocket now? Either way, we encourage you to call J.G. Wentworth at 877-227-4713. Call us today!