The following list, is the process to receiving your lump-sum of cash.
The first step to selling structured settlements would be to find out the exact of amount of money that you need to cover your financial expenses. Many people use the lump-sum of cash they receive to pay off their outstanding debt, purchase a home. or send a child to school.
After calculating the estimated amount of money, it is time to find out your exact payment details. This information can be found on your annuity policy if applicable. This information includes the insurance companies name, policy number, and payment information. Woodbridge Investments will then be able to estimate the present day value of your future payments.
After the company has completed it’s assessment, and received your information, our company will provide you with the best offers and quotes. The next step is to decide which payments you would like to sell. Remember it is always cheaper to sell the payments closest to today’s date. This will keep the discount rate to the minimum, but this is completely up to you to decide.
Once you are happy with your quote, payment information and the entire deal, documents will be sent to you to be signed. These documents need to be read carefully to be sure everything is the same as discussed with the funding companies representative. After the documents are returned to the funding company, Woodbridge Investments will process your transaction.
The longest part of this process is acquiring a court date from the state the case was settled in. During the court process the judge will review the case to make sure the transfer of structured settlement payments is in you, and your families best interest. He will then approve the transfer agreeing that it is in your best interest to receive cash for structured settlement payments. Following the court approval you will receive your money.
The entire process takes between 6-8 weeks to complete. Call 1-866-865-7044 today for a free quote!
