When you first received your structured settlement, getting regularly scheduled payments seemed like a pretty good deal. You had money to pay your bills, always knew when that next check would arrive. They were comfortably predictable. But maybe your situation has changed and things are a bit different now.
In life, the only thing you can really count on is change. Your life today isn’t the same as it was even a year ago, so why are your finances restricted by the same structured settlement payments from a different time in your life?
No one understands your financial situation better than you do, but here’s just a few reasons some previous customers wanted to sell their structured settlement payments:
- Paying off college loans or other debt
- Medical expenses
- A down payment on their dream home
- Money to start their own business
You have goals and dreams you want to make a reality, but maybe those regular payments can start feeling restrictive and might be holding you back from what you want to do. Maybe it’s going back to school, starting your own business, or putting a down payment on a home. The full amount of money you have in your structured settlement would go a long way in helping you achieve those, but not if you only get your money in those small scheduled payments.
You have a structured settlement, but you need cash now.
That sounds like something we might be able to help you with.
J.G. Wentworth Is The Industry Leader In Purchasing Structured Settlements
More than 25 years ago, J.G. Wentworth began providing customers with lump sums in exchange for their future payments. Since then, we’ve purchased more than $2.9 billion of future payments, making us the largest purchaser of structured settlements in the United States.
J.G. Wentworth’s extensive experience in purchasing structured settlement payments means that we can get you your money as soon as possible. We’re committed to offering industry-leading customer service, which is why we’re proud of our A+ rating from the Better Business Bureau.
How Much Can I Get?
Depending on the details of your settlement, you might be able to sell some or all of your future payments for a cash lump sum. When you speak to one of our representatives, they’ll let you know how much of your structured settlement payments you’ll have to sell to get the cash you need.
How much you get for your payments depends on the terms of your structured settlement and the determined payment schedule. You won’t be able to exchange those future payments today for their face value because the value of money changes over time. This is due to something known as the Net Present Value, or NPV for short.
Unless you spend a lot of time thinking about investments and financial markets, you might find the idea of Net Present Value a little confusing, so we tried to explain it for you in this video:
We have more than 25 years of experience in purchasing these future payments and our representatives take pride in helping you get the largest lump sum for your structured settlement payments.
What Payments Can I Sell?
Many people think that if you choose to sell your structured settlement payments, you have to sell them all. While some do make the decision to do this, most people find that they only need to sell some of their future payments to get the lump sum they need.
When you speak to one of our representatives, we’ll try to give you a few options for how to sell your future payments to us. You can then choose the option that makes the most sense for your situation.
Sell a Limited Number of Payments
Depending on how much cash you need, you may be able to sell a limited number of payments to get your lump sum. How this option works is that you’ll sell payments that you’d be scheduled to receive over a specified period of time in exchange for a lump sum. All your other payments outside of that set period will remain the same.
Sell A Portion of Every Payment
If you don’t like the idea of having your structured settlement payments end early, you can choose to sell a portion of each payment instead. If you choose this option, you’ll end up getting a little less on each settlement check, however you’ll still receive something in regular settlement payments.
If you want a larger lump sum, you might have the option of selling your entire structured settlement payment stream. You’ll stop receiving regular payments completely, but you’ll have more cash to work with after completing your sale.
Every sale is unique, and what option works best for you depends on how much cash you need now, what your payments look like, and what makes sense for your personal budget and situation. To learn more about the options you have for selling your structured settlement payments, you can read more about it , or give us a call and we’ll try to give you the answers you need.
How To Get Cash For Your Structured Settlement Payments
Before making the decision to sell your structured settlement payments, it’s important to think about how this will impact your finances. Right now, you budget based on receiving regular payments from your settlement, which after you receive your lump sum these payments may be reduced or gone altogether, so it’s important to plan accordingly.
Before making any decision, you may want to consult your financial advisor in order to understand exactly what selling your future payments would do for your budget. When you’re ready to know what your options for selling are, give us a call.
Contact a J.G. Wentworth Representative
After you fill out the online form or call our toll-free number, we’ll put you in contact with an experienced J.G. Wentworth representative. They’ll ask about your structured settlement and how much you’re looking to get as a lump sum.
Once your representative understands your settlement and how much money you need, they’ll offer you a few options for how we can help you get that cash. We’ll give you the details about each deal so you can review them and make the best decision for your unique situation.
There is no obligation to accept any offer if you decide you would prefer to keep your payments. This is a major decision, and one that you should only make with as much information as possible, which is why we’ll always give you a free quote, no strings attached.
We Take Care of the Paperwork for You
If you look over your options and decide selling your payments is the best choice, you’ll need to send us a copy of your structured settlement agreement, as well as a few other documents we’ll need for court. Selling your structured settlement payments usually requires a lot of legal paperwork.
Your J.G. Wentworth representative will let you know everything we’ll need from you for the process. If you can’t find some of the paperwork, don’t worry, your representative will walk you through the process of obtaining it and assist you in any way that they can.
Once we have all of the required documentation we will file a petition for the transfer of your structured settlement payments with the appropriate court.
A Judge Approves the Sale
All structured settlement payment sales must go before a judge. Structured settlements are awarded after a lawsuit or injury claim is settled. It is required that if you wish to sell your payments, the sale must be determined by a judge to be in your best interest.
This is an important step, but one that J.G. Wentworth makes easier thanks to our familiarity with the laws and 25 years of experience to draw on.
You Get Your Cash
Once the sale is approved, you get your lump sum. In many cases, you’ll have the money in your account or a check in hand in as little as three business days after the approval to purchase your future payments has been received.
After that, you’re free to spend the money per your needs. No extra paperwork, just your own cold hard cash available now, instead of locked up in payments far in the future.
We’re Here if You Need Money Later
If you didn’t sell all your structured settlement payments, you’ll continue to receive those you have remaining at the same schedule you did prior to the sale. However, what if you need another lump sum? It’s still your money, after all.
If you’ve already sold a portion of your structured settlement you may still have the option to sell part or all your remaining payments. We’ll be happy to give you your options, even if we weren’t the ones who purchased your structured settlement payments during that first sale.
It’s Your Money: Use It When You Need It
At J.G. Wentworth, we believe that everyone should have the opportunity to access their money, when they need it, since no one understands your finances better than you do. For more than 25 years, we’ve helped customers meet their needs . If you have a settlement, but you need to access that cash now, give us a call and we’ll let you know how we can get you your lump sum.
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