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How long does it take to sell a structured settlement?

HOW LONG DOES IT TAKE TO SELL A STRUCTURED SETTLEMENT? Q: HOW LONG DOES IT TAKE TO GET A QUOTE? A: With the right information, many companies are able to provide a quote in just a FEW MINUTES Q: HOW LONG DOES IT TAKE TO GET YOUR MONEY? А: Lump sums are typically paid within 60 - 90 DAYS from the time customers complete a contract and gather required documents for the broker and/or state. In some cases, money is available in as little as 30 DAYS. Q: WHY THE WAIT? A: COURT Many states require court approval. You could wait 30 days to get on a court docket, or the wait may be closer to 60 days. Much of this depends on where you live and what is already on the court docket in your area. Q: WHY DO PROCESSING TIMES VARY? А: Each state has its own regulations STRUCTURED SETTLEMENT according to the Structured Settlement Protection Act (SSPA), so the process will abide by those. PROTECTION ACT (SSPA) Q HOW CAN YOU SPEED UP THE PROCESS? А: The sooner you return the documents, the sooner the legal process begins. Q: WHAT IF 30 TO 90 DAYS IS TOO LONG TO WAIT? A: In most cases, consumers may qualify for a partial or full cash advancement or immediate cash. Q: %24 2$ NEED MORE MONEY? A: If you haven't sold the entirety of your structured settlement, you have a right to sell the rest – or only a portion of the rest. The process for these so-called amendment sales is the same from start to finish (i.e., it can take anywhere from 30 to 90 days). Q: WHEN ARE YOU INELIGIBLE TO SELL? А: Minors who receive structured settlements often have legal documentation protecting their assets until they are 18. In rare, extreme cases, adults can sell on behalf of their children. SOURCES: Brought to you by: İSETTLEMENTS.COM %24

How long does it take to sell a structured settlement?

shared by isettlements on Oct 02
An infographic discussing the time it takes to sell a structured settlement and how the process can be sped up.


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