GET A CASH ADVANCE WHEN
YOU SELL YOUR
STRUCTURED SETTLEMENT
Get a $500 structured settlement advance
within 24 hours when selling your settlement.*
Get a $500 structured settlement advance
within 24 hours when selling your settlement.*
Want a cash advance to make things a little easier when selling your structured settlement payment rights? Want to understand how cash advances work? You’re in the right place.
When someone seeks to sell their structured settlement or annuity, the purchasing company can authorize that some of the money is released to the them up front. This amount will be later be deducted from the lump sum after the purchase is finalized.
Since it can take a few months to finalize the purchase of a structured settlement or annuity, companies offer advances so that the customer can have some of the money immediately.
Generally, no. We certainly do not charge interest or financing fees. Additionally, most structured settlement buyers will not charge any additional fees or interest for an advance. If you contact a company whose primary business is issuing loans, the likelihood that your cash advance comes with high, even outrageous fees, is increased.
If you are selling your structured settlement payment rights, avoid any “offers” that include you paying fees out of pocket. Visit FBI.gov to learn more about scams requiring upfront fees.
The amount of an advance depends on various factors such as the size and duration of the customer’s payment schedule.
As mentioned above, an advance against an annuity or structured settlement usually does not incur additional fees or financing charges. After the purchase of the annuity or structured settlement is finalized, the company will recoup the amount of the advance from the lump sum. With a traditional loan or cash advance, companies will usually charge customers extremely high interest rates and fees. Also, those companies will withdraw what they are owed directly from the borrower’s bank account on a set date, regardless of borrower’s financial situation. Additionally, aggressive collection tactics are common for these lenders if the borrower defaults on the loan.
last updated: Sep 19, 2020