A structured settlement is a series of periodic payments set up with an insurance company following a lawsuit settlement. Structured settlements are commonly awarded in cases of:
- Personal Injury– The plaintiff suffers an injury caused by the defendant’s action.
- Medical Malpractice– When treatment received is below standard and leads to injury.
- Wrongful Death– Awarded to the family of the deceased when another party is found liable.
At first, these payments might have been enough to help you pay your bills and get by. Over the years, however, you find that these payments aren’t keeping up with the realities of your life. You have things you want to spend your money on now, things that your structured settlement payments aren’t large enough to cover.
How Selling Your Future Payments Can Help You Now
Instead of waiting months, or years between payments, what if you could get your money sooner in a large lump sum? You’d have the cash you need to do what you want without taking out a costly loan, or putting off your plans for years until you save up enough money.
At Peachtree Financial, we’ve helped thousands of people get their money sooner by offering to purchase their future payments for a lump sum of cash. Here are just a few of the most popular reasons we’ve heard for why people want to sell their future payments.
Pay Off Debt
If you have loans or credit card debt, making only the minimum monthly payments can cost you extra interest and fees. Why give the bank more than you borrowed? Selling your structured settlement payments will give you a lump sum of cash you can use to pay off this high-interest debt. Once you pay off these loans, you’ll have more money in your monthly budget to spend on things you care about, or to put into savings.
Pay Medical Bills
Finding cash to cover costly medical bills isn’t easy. Just a few days in the hospital can be very expensive. If you want an elective or optional surgery the costs can be even higher. Procedures not covered by most insurance plans include:
- Laser eye surgery
- Bariatric Surgery
- Most Dental Services
- Fertility Treatments
Instead of taking out a costly loan to pay for these medical bills, you can choose to sell some of your future payments to pay for them right away.
Paying For College
Did you know that the average college student will graduate with more than $30,000 in loans? This surprising number comes from a report The Institute of College Access and Success, which tracks the cost of attending school. According to CNN, this means that the average student will have to pay $300 a month for 10 years until they repay their loans.
Using a lump sum to pay for your child’s college, or to go back to school yourself will help make those future budgets easier, allowing you to take more risks.
Your Dream Home
There’s nothing quite like having a place to call your own and a lump sum can help you turn that dream into a reality. Whether you use it as a down payment on a new place, or invest the cash into repairing and updating your current home, this is one of the most common reasons we hear for why people want to cash out some of their future structured settlement payments.
Become Your Own Boss
Every year, thousands of men and women quit their jobs to go into business for themselves and thousands more wish that they had the cash to try and be their own boss. With a smart business plan, a lump sum from selling your future payments could give you what you need to turn that dream business into reality.
The Sky is the Limit
Don’t see what you want your lump sum for listed above? No problem! Since we got started in 1996, we’ve funded tens of thousands of transactions for people wanting money for thousands of different reasons. We’re not here to tell you how to spend your money, we just give you more options for how you can receive it.
How Much Can I Get if I Sell My Structured Settlement?
Every structured settlement payment stream is unique, so the only way to know what your future payments are worth is by speaking with one of our experienced representatives. They’ll ask you questions about the details of your structured settlement and let you know what future payments you need to sell to get the lump sum you want.
Why Can’t I Get the Full Value of the Payments I Sell?
When Peachtree Financial buys your future payments, you’ll receive a lump sum in exchange. However, nothing about your payment schedule changes. The payments that we purchased will be issued to us on the same day that they were scheduled to be issued to you.
The value of a dollar you have today is not the same as the value of that same dollar if you have to wait to receive it. This concept, known as the time value of money, is one reason that you must pay interest when you take out a loan, and why banks pay you interest if you open up a savings account.
Do I Have to Sell All My Structured Settlement Payments?
Not at all! In fact, most people only need to sell a portion of their future payments to get the lump sum of cash they need. If you’re looking to sell your structured settlement payments, you can either:
- Sell all remaining payments
- Sell some of your payments
- Sell part of each payment
If you sell some of your payments, you’ll get your lump sum, and then continue to receive your regular payments up to the time where you sold payments to Peachtree Financial. For example, say that your structured settlement pays you $2,000 per month over the next 20 years. You agree to sell the last 10 years of payments for your lump sum.
After the sale of your settlement payments is approved, you’ll get your lump sum and continue to receive your regular payments for the next 10 years. Then, Peachtree Financial will receive the payments we purchased from you. You continue receiving your full payments until the transaction term begins.
Selling only part of each payment allows you to get a lump sum of cash, and continue to receive the remainder of your payments without interruption.
For example, if you sell $500 of your future payments which are normally $2,000, we will receive $500 and you’ll get the remaining $1,500. This option means that your regular payments won’t stop. They’ll just be smaller.
One option might be better for you than the others. This is why your representative will try to give you a few quotes to choose from, letting you decide which works best.
How Can I Sell My Structured Settlement Payments?
You can’t change how much money the insurance company sends you. Peachtree Financial can buy those future payments and give you cash now.
A judge must approve of the sale of your structured settlement or annuity payments before you can receive a lump. There’s paperwork that must be completed, but we walk you through everything. You can think of the process to sell your future payments as five easy steps:
- You call Peachtree Financial and we’ll give you a free quote on what we’ll offer for your structured settlement payments.
- If you accept our offer, we’ll send you the paperwork that explains everything for you to sign.
- Once you sign the paperwork, send it back and we’ll start the process of filing a petition for a court date.
- You may need to appear in court when a judge reviews the transaction. They might ask you a few questions to understand why you want your lump sum.
- Once we get court approval, we’ll finalize the transaction and send your money directly to your bank account, or we’ll mail you a check. Your choice.
That’s it! At every step in the process, an experienced Peachtree Financial representative will be there to answer your questions and make sure things go smoothly.
We want to help you live your dreams
A person who is selling structured settlement payments to pay back school loans may need a different monetary solution than someone who wants to pay for a car in cash. Luckily, Peachtree representatives will present you with a wide range of options. It is important to know that you don’t have to sell all of your structured settlement payments now, as you’ll also have the option of selling only a portion of your payments. In fact, you can choose which payments you want to sell to Peachtree, and which should be left untouched.
With so many options, it may seem stressful to decide how to best handle your settlement payments; however, 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 can make for a better tomorrow.
Lawsuits are expensive and time consuming. Getting your day in court can take months or even years, and in some cases this is only just the start of a long process. If you suffered an injury or a loss you may need money to help cover expenses such as rent, utilities, and medical bills. Until you get the money you deserve, you need to find a way to pay for these bills on your own.
Before you check the limit on your credit card or start calling your friends and family, contact us about pre-settlement funding. If your case qualifies, you can get a cash advance upfront.
How Much Can You Get?
Pre-settlement funding is not a loan. Instead, you are selling a portion of your future settlement proceeds. How much you’re eligible to receive depends on the estimated value of your case.
We can connect you with a company that can provide you with as little as $300 and as much as $750,000, depending on your needs and the expected outcome of your claim.
What Types of Claims are Covered?
In order to qualify for pre-settlement funding, you will need your attorney to fill out an application describing the case. While companies offer funding for a variety of cases, they mostly offer cash to people involved in personal injury lawsuits.
This can include:
- Personal Injury – You are injured due to the actions of another
- Premises Liability – You suffer an injury while on someone’s property, or shopping in a store
- Product Liability – A product malfunctions, causing injury or pain
- Medical Malpractice – You suffer pain or long-lasting injury due to preventable mistakes made by a medical professional
- Wrongful Death – If someone close to you passes away due to the actions or negligence of someone else
What if I Lose My Case?
If you do not win your case, there is nothing to pay back. The funding is known as non-recourse. Seriously.
What if I Need More Cash Later?
Depending on the details of your lawsuit, you may be able to get more than one advance. If you’re interested in learning what options are available, call 866-581-6225 to learn more.
Get Cash Before Your Lawsuit Is Settled
If you have a pending lawsuit and need some money to help pay for expenses before you receive your settlement, let us know. Our representatives will ask you some questions about your case, and then get in touch with your attorney to see what we can do to help you get the cash you need.