Selling Your Structured Settlement Payments
Why wait for your payments? You can sell your upcoming structured settlement payments for a lump sum with Peachtree’s help.
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Why Sell My Structured Settlement Payments?
At Peachtree Financial Solutions, we’ve helped thousands of people get their money sooner by purchasing their future payments for a lump sum of cash.
Selling some or all of your payments allows you to take control of your finances and create opportunities for yourself.
Some common goals our customers share with us are:
Purchase a Home
Buy a Car or Truck
Pay off Debt
Pay for College
Whatever your reason for selling, we’re here to help.
How Does Selling Your Structured Settlement Payments Work?
Peachtree can help you get a lump sum by buying your future structured settlement payments. Our goal is to give you more ways to access your money, enabling you to spend it the way you need to.
Selling your payments is a regulated process. We have a lot of experience with these transactions, so we have put together this guide for how the process works and common questions our customers ask.
Every structured settlement is unique, which means every payment sale will be different, but they all have the same basic six steps:
- Call one of our representatives
- Receive a free, no-obligation quote for the sale of your payments
- Review and sign the purchase agreement
- We process the agreement with your insurance company and local court
- A judge reviews the transaction and, if approved
- You get your cash
Why Should I Choose Peachtree?
It’s all part of something we call the Peachtree Promise: our experienced, dedicated representatives listen to your goals and clearly explain your available options. We meet you where you are without judgement and work hard to help you meet your financial goals.
What to Expect When You Call
When you call Peachtree, your representative will ask you for the following:
- The name of the insurance company that issues your payments
- Information about your disbursement schedule
- How much money you need to meet your goals
To provide you with your quote, your rep might also ask you how you received your settlement. We recognize that this may be a sensitive topic, and you won’t have to give us all the specifics. You can trust us to treat your case with compassion and discretion.
Once your rep has the information they need, they can build you a quote—usually within a day. Getting your quote is completely free, and you’re under no obligation to sell to us if you aren’t completely satisfied with what you hear.
Selling Your Structured Settlement FAQs
The amount we quote you for will depend on the future value of your payments—that is, the amount that your payments will be worth when they’re scheduled to be disbursed. Because of yearly inflation, one payment could be worth more today than it will be in a year. (This is called the “time value of money.”)
Every case is different. Your individual situation, as well as the state you live in, can affect your timeline. We work as quickly and efficiently as possible to process your sale; however, fulfilling state guidelines and requirements—including setting a court date to approve your sale—takes time.
If you have a pressing need that cannot wait, please let your representative know! We have several options to help you while you wait to sell, including cash advances of a portion of your purchase price.
Yes. The federal Structured Settlement Protection Act outlines that court approval is necessary to ensure selling payments is in the best interest of an individual.
No. We cover the full cost of the transaction, and our attorney submits the transaction documents to the court. You only need to hire a lawyer if you want independent advice on your sale or if you live in a state that requires you to consult with a professional advisor or attorney.
To sell your structured settlement payments, you will need:
- A copy of your annuity contract and settlement agreement
- Any additional documents that are relevant to your settlement and annuity
- A government-issued ID
- Proof of residency
You may also need other documentation depending on your state’s regulations and your personal circumstances. If you need help gathering any of these documents, your representative will be able to help you.
On your court date, you can do a few simple things to help the process go as smoothly as possible:
- Bring a government-issued photo ID, like your license or passport
- Dress professionally to go before the judge
- Bring your documentation showing what you’ll be doing with your lump sum (your representative will help you with this)
- Arrive early
The judge is then responsible for reviewing your transaction with you to make sure it complies with your state’s structured settlement protection laws and that you understand it. If your transaction is approved, we will finalize the transfer and send your lump sum via the method you selected—either direct deposit or check.
No, you don’t have to sell your whole settlement payment stream. Many of our customers choose to sell only part of their structured settlement. When you discuss your financial needs with your representative, they will outline all your options to help you choose the best course of action.
Yes, you can work with the same company or a different company to sell your remaining payments.
You will work with one representative throughout the entire process. This representative will be familiar with all the ins and outs of your transfer and will be available to answer any questions you might have.
We Want to Help You Live Your Dreams
A person who is selling structured settlement payments to pay back school loans needs different options than someone who wants to pay for a car in cash. Peachtree specializes in working with you to find the right option for your unique situation. It is important to know that you do not have to sell all of your structured settlement payments. You will also have the option of selling only a portion of your payments and even choosing which payments you want to sell to Peachtree.
Our representatives will make thoughtful recommendations based on your individual needs and goals, to make sure that the cash you receive now in exchange for your settlement payments works for you. Contact us today and we will give you a no-obligation quote and answer any questions you have.
All transactions are at Peachtree’s sole discretion and are subject to court approval and other underwriting requirements. Peachtree does not provide legal, tax, or financial advice. Please consult with appropriate independent professionals for such advice.
Call 1-800-317-1962 and speak with a representative today!