APPLYING IS quick AND EASY! see if your case qualifies. we can buyout previous advances
Lawsuit Loans can help make ends meet for plaintiffs who are unable to work or behind on their bills after a car accident or some other type of injury. American Pride Legal Funding provides advances for plaintiffs who were injured through no fault of their own.
Lawsuit loans might be referred to as settlement loans and pre settlement funding, however receiving an advance on your case is not actually a loan. Receiving an advance is non recourse funding because you only repay the advance if you win your case.
Selling Structured Settlement Awards Provides You with the Cash You Need
Structured settlement arrangements are meant to provide you with cash over the long-run from an annuity or court award. However, your circumstances may change over time, which elevates the need for you to receive the money you need now. Therefore selling structured settlement payments may be the right solution for which you are looking.
While your annuity or lawsuit settlement is tax-free and makes cashflow freely available, you likely have compelling reasons for need the money upfront in the form of a lump-sum payment.
The most common reasons people wish to sell their structured settlements include:
- Paying down bills and debt
- Going to school
- Arranging for home repairs
- Purchasing a home
- Investing in the public market
- Starting a new business
- Paying on owed taxes
What you spend your money on is up to you. You do not have to resign to accepting payments that are not guaranteed to be there in case the payer becomes insolvent, bankrupt, or becomes deceased. Any of these situations may result in your having to return to civil court in pursuit of the money that is rightfully yours.
5 Steps for Selling Structured Settlement Payments
Initiating the process of selling structured settlement payments can be as straightforward or as complicated as the company with whom you choose to work. However, in many situations, the approaching in selling them typically engages in a five-step process:
- Determine if selling your structured settlement is right for you: You have a legal right to money that a court awarded to you. It is helpful to weight out the pros and cons associated with selling your structured settlement payments.
- Evaluate structured settlement companies: The company you work with is going to play a significant role during the process. Therefore, you have to search around and find someone that you know, like, and trust. Keep in mind that you get what you pay for, so the entity offering the highest lump-sum is not necessarily the best option.
- Initiate the sales process: After finding a company that makes you feel comfortable, you can then request a quote for their services. There is no obligation to sell your structured settlement, either. At this point in your search for information, you are merely shopping around and evaluating your options carefully. When you find one that is agreeable, you can sign an agreement and move to the next stage.
- Receive approval to sell your structured settlement: Obtaining a structured settlement from a funding company requires court approval since a judge needs to finalize and standardize the court documents to accurately reflect where payments must go. A structured settlement company with the requisite knowledge and experience will help you through this phase.
- Obtain a lump-sum payment: Upon finalization through the court system, you are then able to receive the agreed-upon amount from the funding structured settlement company. We can ensure that you will receive the payments within 72 business hours of initiating the transaction.
If you are interested but hesitant to sell your structured payment, then you may find it helpful to engage yourself in gathering as much information as possible. You can run any offers by your attorney or accountant to evaluate the terms and conditions it contains. He or she can act as an unbiased advocate using professional expertise and counsel to evaluate the offer.
The Length of Time It Takes for Selling Structured Settlement Payments
Depending on the state in which you reside, the length of time for the entire process to resolve itself can take a few months, at most, to conclude. While you are engaging in a legal proceeding that is purely procedural, you should expect that waiting for the courts to process your pleadings and assign a hearing date can take a little bit of time. However, most courts will schedule the hearing within thirty days of receiving the application for selling your structured settlement.
Evaluate Your Options Carefully Before Deciding
You understand your accurate financial picture better than anyone else. Our firm’s representatives will not question the reasons as to why you need the money. After all, it is yours and yours alone to keep.
No matter which company you select, we implore you to work with a provider that goes above and beyond serving your needs using critical thinking, excellent communication skills, knowledge of civil court procedure, and payment methodologies that align with your needs.
Make sure that they are willing to answer all of your questions, as well. If something seems amiss, then trust your gut instinct and go with someone else. You will be glad you did.