Selling Structured Settlements: How It Works
Do you have a structured settlement and are receiving a stream of payments over time? If you need money to resolve a pressing financial issue, you can get the cash you need by selling some or all of your structured settlement payments.
Selling structured settlements is a fairly easy process but there are some documents that you or your lawyer must review. CBC’s professionals will make certain that your transaction goes as smoothly and quickly as possible. In order to protect both you as well as companies, like CBC Settlement Funding, the federal government along with 48 states regulates the sale of structure settlement payments.
Going Through the Process of Selling Structured Settlements
Your first step is to contact CBC Settlement Funding. Your CBC customer representative will review the various options available and assist you in selecting the best one for your particular situation.
Once you and your customer representative have determined the appropriate option for your lump sum payment, the required documents will be prepared and sent to you for your review. We also recommend that you discuss the transaction with an independent professional adviser, such as a lawyer or accountant. Once you have read the documents and understand them thoroughly, you simply sign and return them to CBC. CBC’s lawyers will then file them with the court.
Over the next three to six weeks, the court will review the documents and set a hearing date. Once the court reviews and approves the transaction you should then receive your money within 48-72 hours, either by check or via electronic transfer, depending on your preference.
Length of Time Required
Keep in mind that this timeline is approximate; each state law governing the sale of structured settlements is different, and this will affect the length of time required to complete the transaction.
CBC Settlement Funding
CBC Settlement Funding can provide clients with a lump sum cash advance in exchange for selling structured settlements to our company. Clients can contact us today for additional information on customized cash options to fit their unique financial needs.