Steps Involved in Selling Your Structured Settlement

If you are the recipient of a structured settlement, there may come a time when you decide you would rather have the balance of what is owed to you now, rather than continuing with your set payment schedule. In these difficult economic times, you never know when a larger influx of cash may be needed. If this is something you may consider, read on for the basic steps involved in selling your structured settlement.

  1. To ensure you are selecting reputable companies, you can check their track record with the Better Business Bureau online at
  2. Once you have selected a company to work with, several legal transactions will take place. You will need to provide the purchaser with legal documentation verifying your structured settlement. Then, depending on the state in which you reside, you may be subject to a professional financial review, in which it will be determined if selling your structured settlement is in your best financial interest. Once the exchange is approved, an attorney will be assigned to submit all required documents to the court on your behalf.
  3. A court date will be scheduled to finalize the transaction, typically within 6 weeks. You will be formally notified of the date via regular mail, and in most states, you will be required to appear in court. There, the judge will analyze the details of the structured settlement and make the final decision regarding the agreement. If approved, the insurance company responsible for financing your structured settlement will be notified that your payments have been sold, and the structured settlement company will wire your money directly into a bank account of your choice.
  4. 123 Lumpsum would love to assist you with this process by providing you with a free quote for the purchase of your structured settlement. To get started, simply complete the form online at