Sell My Structured Settlement - Dallas/Ft. Worth, TX

Sell My Structured Settlement - Dallas/Ft. Worth

What is a structured settlement?
A structured settlement is an arrangement for periodic payment of damages for personal injuries or sickness established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.

Why do people sell structured settlement payments?
There are many reasons why people sell their structured settlement payments. Whether you need money to pay off credit card debt, pay medical bills, fund your education or improve your home.

How long does the process take? 
The entire process from contract signed to funded date should take 45-60 days. Be sure to ask the factoring company what their average time frame is. A good factoring company will put in writing when you should receive your money. If they won’t put it in writing it’s important to look into another factoring company that will.

Will I have to go to court?
All transactions must be approved by a court. Whether or not you need to attend the hearing will depend on the state you reside in and the specifics of your settlement agreement.

Are there fees for this transaction?
Typically there are legal fees; however the fee amount comes out of the total amount of your transaction, not out of your pocket.

Do I need good credit to qualify?
Absolutely not! Most factoring companies will work with you regardless of your credit score.

Is this transaction a loan?
Receiving a lump sum for your structured settlement payments is NOT a loan. Selling your settlement payments is a transaction where you are exchanging your monthly or annual payments for a lump sum amount.

This educational content is for educational purposes only and does not constitute legal, financial, home improvement or health advice. Content on this page is provided by Ask The Experts and not the featured advertiser.

Back to the top

Want to sponsor this page? Contact us here.