When you receive a settlement from a lawsuit or even a lottery winning, you may be eager to put it to use to pay off bills or take a much needed vacation. However, many people are surprised to learn that these settlements don’t come all at once. Instead, you get them in the form of a structured settlement. If you aren’t one to sit around and wait for your money, you always have the option to sell a structured settlement to a company like We Pay More Funding.
How Does It Work?
When you decide to sell a structured settlement to a third-party company, you have to first get approval from the court. Individuals cannot sell a structured settlement unless a judge reviews the terms and approves the transaction. Luckily, the company you are selling to is able to work with you through the process.
When both companies are in agreement, a contract is drawn up and sent to a judge for approval to make sure your best interest is the priority.
How Much Do You Get?
The amount of money you get after selling your structured settlement depends on a variety of things, including the amount of funds needed, when future payments are due, the insurance company rating, and any additional fees the structured settlement company anticipates throughout the court process. If you have any questions about the process, be sure to speak to a financial advisor.
