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J.G. Wentworth Blog

Structured Settlement Essentials

Are you currently receiving, or scheduled to receive in the future, money from a structured settlement? Are you considering selling these payments for a lump sum of cash so you can use that money now instead of later?

If the answer to either question is yes, today we would like to discuss ‘structured settlement essentials’ – some of the most common things folks want to know about when they are considering selling their future settlement payments for cash sooner.

– Is it really possible to sell my future structured settlement payments for cash?

Fortunately, the answer is yes! In most cases, recipients of structured settlement payments have the option to sell their future payments for a lump sum of cash that they’ll receive much sooner than those payments would otherwise come to them in the future.

– How much money can I get if I sell my settlement payments?

It depends on the specifics of your particular settlement agreement, but factors include how much money you are scheduled to be paid, when that money is scheduled to come to you, and whether it will come in regularly scheduled payments or include some balloon payments spaced-out along the way.

– Is it possible to sell just some of my future payments and not all of them?

While not every structured settlement purchasing company may offer this option, J.G. Wentworth certainly does offer qualified structured settlement holders the option of selling just a portion of their payments. Under the right conditions, this could give you the best of both possible worlds: money now and a portion of your settlement payments still coming down the road.

– How does the process of selling future settlement payments work?

It’s not as complicated as one might think, but there definitely are some important steps that must be taken. The first step is to get a quoted offer for your settlement payments from a company like J.G. Wentworth. Next – assuming you like the offer – is to confirm the transaction in writing and give us the required documents. Then all you basically need to do is wait for the process to go through the legally required steps before receiving your cash.

– How long will it take before I get my money?

While the process varies from state to state, transactions are typically funded within 60 to 90 days from the time the company receives a completed contract and required documents from a customer.

– Why J.G. Wentworth? Aren’t there other companies out there that I can sell my settlement payments to?

Yes, there are other companies out there, but frankly, we believe that J.G. Wentworth is the best. Our company has been in business over 20 years, is the nationwide leader in purchasing structured settlement or annuity payments (we have put over 2.4 BILLION dollars back in the hands of people who needed the money now), and has a Better Business Bureau rating of A+. Simply put, we do not believe any company can match our experience, level of customer service, and ability to deliver upon our quoted offer.

We hope the above list covers at least some of your questions related to structured settlement payment purchasing. If you have more questions, would like to learn more about our company, or simply want to get a free, no-obligation quote for your own settlement payments, we encourage you to call us anytime at 877-227-4713.