Happy couple smiling after selling their structured settlement payments

Get Cash Now For Your Structured Settlement Payments

Contact one of our representatives today to find out more about the cash in your structured settlement that you may not have realized is available, but which you may need to meet your financial goals.

Request a Quote:

Complete this short form below for a FREE QUOTE.
I understand that J.G. Wentworth or a related or unrelated company may contact me by email or phone to discuss my inquiry.

Structured Settlement Payment Sale Guide

A structured settlement is a legal agreement in which money is paid out to the recipient over time, rather than all at once. Structured settlement agreements usually benefit both parties in the agreement, representing savings for the payer, which is usually an insurance company, and certain tax advantages to the recipient. They are frequently awarded to victims of car accidents and medical malpractice.

Apart from these tax advantages, structured settlement agreements offer other benefits to the recipient, including guaranteed income and the elimination of the risk that all the money from the settlement will be spent at once. That said, however, there are numerous recipients of structured settlement payments who find themselves constricted by the arrangement and would rather receive their cash in one lump sum instead of spread out over time. They contend that the money that is scheduled to be paid to them in the future is not worth waiting for when they have financial needs that must be addressed now.

In these cases, a structured settlement payment sale can be arranged. Structured settlement payment sales are arrangements in which the recipient of a structured settlement receives a lump sum of cash in exchange for selling their structured settlement payments. The seller of the structured settlement payments receives cash in exchange for all or a portion of these future payments. A structured settlement payment sale is different from a structured settlement loan. The recipient of a structured settlement payment loan uses their structured settlement payments as collateral for a loan, and generally must pay back the loan plus interest. J.G. Wentworth does not provide structured settlement loans.

To contact J.G. Wentworth to discuss your structured settlement payments, please fill out the free quote form or call us at 1-866-593-0609.

The process of selling a structured settlement payment is a legal transaction, one that requires certain steps mandated by the law. This process varies state to state and is based on individual situations, but usually takes between 60 and 90 days. During that time the following will occur:

1) A company that specializes in purchasing structured settlement payments is contacted by the recipient of the settlement payments.

2) The value of the structured settlement payments over time will be assessed, upon which the structured settlement factoring company will make a cash offer for all or a portion of these future payments.

3) Legal documentation confirming the validity of the structured settlement agreement must be sent to the company, which can then initiate a court ordered process that is necessary to complete the transaction.

4) A judge will rule on the structured settlement transfer.

5) If the court approves the transaction, and all internal underwriting requirements are met, the structured settlement company will then write a check or wire funds to the recipient.

To learn more about selling your structured settlement payments to J.G. Wentworth, please fill out the Free Quote form or call now at 1-866-593-0609.