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How To Sell Your Structured Settlement Payments and Get Cash - Sell Your Annuity For Lump Sum Cash

Updated on January 26, 2014

Sell Your Structured Settlement Payments

Today more than ever we have to be creative when money is needed for emergencies. Beyond savings, we have to wait to sell something or pay a penalty for pulling money from our insurance or retirement benefits; even then we have to wait.

Some people receive payment from lawsuits or winnings and never knew those payments can be sold for a lump sum of money.

Here is a hypothetical situation of how to use a structured settlement payment to get money when you need it. You fell and went through the process of a lawsuit and now you need cash for the present value of your annuity payments. You are now receiving structured settlement payments because of an accident. But now that you don't work and only receive payments you need cash for some upgrades to your home.

Selling payments have been a growing business that has helped many do the things they thought were unreachable because of payments. There are people that got into bad deals by borrowing and ending up in a worse situation. This is why you should deal with professionals to get the best deal for you and your lifestyle.

Benefits of a Lump Sum Cash Payment

Having a lump sum cash payment can allow you to do some of the things that you once thought was impossible or difficult. Using this method for quick cash will not cause you hardship if used properly.

  • College
  • House
  • Jewelry
  • Wardrobe
  • Car
  • Exotic Vacation
  • Honeymoon
  • Investments
  • Payroll
  • Equipment

Can I Sell Other Payment Types For A Lump Cash Sum?

If you are receiving payments for structured settlements, mortgage note, lottery winning and would rather get paid by one lump sum. In the beginning the money eased your stress and financial situation but when you have a child ready for college or want to go on a honeymoon or any important financial obligation. You just want the money needed to make your deal happen.

How to Sell My Structured Settlement Payments

Many people don't know that you can sell your payments for a lump sum of cash. Some do. But what is important is that there are some things you should know before you go that route.

  • You don't have to sell all of your payments.
  • Most reliable brokers will not buy all of your payments if you don't have another source of income.
  • Don't sell all of your payment if you don't have another source of income.
  • If you receive $3,000 you can sell $1,000 every month for 1 year more or less, it's up to you.
  • Let broker know how much money you need so they can estimate how many payments they need for the lump sum.
  • You will receive more money if the person paying has descent credit. There are several criteria for determining your lump sum amount.

Getting money in a lump sum for payments is how many people stay afloat in this economy. This is how many businesses utilize their receivables for cash to pay employees and wait until future payments are due from customers. This is called factoring.

If someone that has given a mortgage and would like cash instead of the payments, this is the route to take. You may want to purchase a new car or home but never knew you could get the cash through selling your payments.

Work with a professional (CFC) Cash Flow Consultant or online funding website that has access to many lenders and can shop for the highest payout. If you are receiving payments and want to inquire about how much money you can receive in an emergency there should be under no obligations. You should let the broker know that you are just inquiring in case there is an emergency in your future.


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