Sell Your Structured Settlement
Get a lump sum of cash for your structured settlement payments. CBC Settlement Funding offers a reliable, transparent process to help you access the money you need.
A structured settlement is designed to provide long-term financial stability, but if your circumstances change, you may choose to cash out your structured settlement for a lump sum of cash.
Structured settlement annuities are excellent options in personal injury lawsuit cases because they are tax-free and guarantee income over time. However, these agreements are final and don't allow for unplanned changes. In these cases, many structured settlement payees choose to sell part or all of their annuity in exchange for a lump sum.
Why Choose to Cash Out Your Structured Settlement?
There are many reasons why you may decide to sell your structured settlement annuity.
Paying Off Debt
High-interest debt, such as credit card debt, can quickly lead to low credit scores and impede future purchases.
Funding an Education
Both college and trade school can be very expensive. Most people take on added debt through student loans.
Making Home Repairs
Homes require significant upkeep to maintain or increase value. Remodeling or replacing the roof can cost thousands.
Buying a Home
Depending on the area and credit score, a down payment on a home costs tens of thousands of dollars.
Starting a Business
New businesses require significant startup capital, and banks are often unwilling to give loans to first-timers.
Investing
Investing in a business or stocks can yield high dividends and be used to fund retirement.
Paying Taxes
If back property, business or income taxes pile up, they can lead to bad credit, liens or garnishments.
How to Sell Your Structured Settlement for Cash
The CBC Settlement Funding team has more than 50 years of experience. We break down the process into five easy steps.
Decide to Sell Your Structured Settlement
If you find yourself in financial hardship or needing to make a significant purchase, selling your structured settlement payments may be the right choice. Establish your reason for selling before beginning the process.
Shop Around for a Funding Company
CBC Settlement Funding offers exceptional customer service, free quotes, competitive discount rates, and cash advances. We're proud of our A+ BBB rating. Compare quotes and companies before making a decision.
Begin the Sale Process
Your personal customer representative will review available options and assist you in selecting the best one. Our quotes are free and no-obligation. We'll prepare all necessary paperwork for you.
Submit Your Application
CBC Settlement Funding's lawyers will file your paperwork with the court. Over the next 3-6 weeks, the court will review documents and set a hearing date. We have one of the highest approval rates in the industry.
Get Your Cash
Once the court approves the transaction and a final court order is received, you'll receive your money within 48-72 hours via electronic transfer or check.
Getting Advice From a Lawyer or Accountant
CBC Settlement Funding makes selling a structured settlement annuity easy, but the process is still a legal transaction. For this reason, we always recommend our clients confer with their attorneys before moving forward with an annuity sale.
Your attorney or accountant can lend an extra layer to the settlement funding proceedings, as they know your individual situation and can help ensure selling your structured settlement annuity is in your best interest.
How CBC Settlement Funding Makes Selling Easy
We've been earning our clients' trust with close to 75 years of combined industry experience.
Free Quotes
No-obligation purchase quotes
Competitive Rates
Best value for your payments
Fast Cash Advances
Up-front advances within 72 hours
A+ BBB Rating
Trusted industry leader
Frequently Asked Questions
Get answers to common questions about selling your structured settlement.
Is it legal to sell structured settlement payments for cash?
Yes – 47 states have laws regulating structured settlement sales for protection of both seller and buyer. Even in states without specific regulations, it's possible to complete transactions under the laws of the state where the funding company is domiciled.
Do I need to show up in court?
There is a court proceeding involved when you sell annuity payments. A judge must approve the transaction before it can go forward. There is a possibility the judge may deny the petition if they don't feel the sale is in your best interest.
Can I sell part of my structured settlement?
Yes! You have numerous options: sell the settlement in its entirety, sell a portion of it, or sell the right to receive payments for a specified period.
What are the tax implications?
Typically, selling your structured settlement does not incur tax liability. The settlement was non-taxable when you received it and remains non-taxable when you sell it. However, if you invest the lump sum, any returns will be subject to capital gains tax.
How long does the process take?
The entire process typically takes 45-60 days. The timeline can vary by state since laws governing structured settlement sales differ.
Ready to Sell Your Structured Settlement?
CBC Settlement Funding provides free purchase quotes, competitive rates, and in some instances up-front cash advances within 72 hours. Call us today to get started.