Get Cash Now! (877) 227-4713

Insights into your financial needs.

J.G. Wentworth Blog

4 structured settlement payment purchasing myths debunked

When it comes to selling your structured settlement payments, there are some common misconceptions. In this article, we debunk the following myths:

Myth #1: Selling structured settlement payments will cost me a lot of money, so it’s probably not worth it.

Truth: While there is a discount rate applied to the sale of your structured settlement payments, other options, such as high interest loans, can be even more costly (and come with other consequences) when compared to selling structured settlement payments. Ignoring financial problems—such as mounting bills and debt—is also a costly decision you’ll likely want to avoid.


Myth #2: If I want to sell my structured settlement payments, I’ll have to sell all of them.

Truth: Every settlement funding company will have their own policies set in place, but many will offer their customers the option to sell some or all of their structured settlement payments. At J.G. Wentworth, we’re all about giving our customers choices, and helping them find a solution that meets their needs best. If you only want to sell just a portion of your structured settlement payments and keep the remainder of your payment stream intact, that is perfectly fine.


Myth #3: Selling structured settlement payments will throw off my entire budget.

Truth: Many people rely on the steady stream of their structured settlement payments to pay bills and expenses, and fear how their budgets would be affected with this lack of reliable money. However, consider the benefits of receiving a larger chunk of your money upfront. If you’re depending on your payment stream to take care of monthly credit card bills, for instance, you can tackle all of that debt at once with a lump sum of cash and no longer worry about the monthly bills. Additionally, as mentioned above, you could always keep some of your payments intact.


Myth #4: A lump sum of cash isn’t an investment.

Truth: Many of our customers have used their lump sum of cash to do just that: make investments. From buying property to making investments in their future (i.e. paying for college), there is no end to the possibilities and the different ways you can invest the lump sum of cash you receive from J.G. Wentworth.

Are you receiving structured settlement payments, but need to receive your money sooner? Contact J.G. Wentworth today to learn more about selling future payments for a lump sum of cash.