Sell Structured Settlements

When you are looking to sell a structured settlement, it is important to have all of the information you need to make the best decision for yourself and your family. While structured settlements may seem easy to sell, there are many different factors to consider when looking for the best quote. Here is a quick look at how to get the most out of your structured settlement.

1. Assess Your Needs

You may be seeking to sell your structured settlement because of a change in circumstances. Perhaps you need money for education, relocation, medical bills, etc. Selling off part of your future payments provides most people with the necessary cash they require now but will restrict their financial freedom down the track.

Before you decide to sell, be honest about whether this is the best option for your needs. Consider all of your possible alternatives before making a decision that cannot be reversed.

This will help you decide how much money you need to sell and when you need the money.

Next, be sure to weigh your options carefully with a financial advisor or planner before selling any portion of your settlement. They will help you determine if there are other ways to meet your needs without having to sell off part of your structured settlement payments. It also helps to understand the process of selling structured settlements, explained in depth here:

2. Get Quotes

The second thing you need to do when selling your structured settlements is to get quotes from multiple buyers. This will give you a good idea of the market value for your payments and help you make a more informed decision.

When looking for a buyer, be sure to ask about their experience in the industry, as well as their track record with settlements. You’ll also want to find out what kind of services they offer, such as advice on how to invest the money or pay off debts.

Always compare quotes before deciding on a buyer. This will ensure that you get the best price possible for your settlement payments.

3. Evaluate the Options You Have

When you are looking to sell a structured settlement, you must evaluate the different options available to you. This means taking the time to look at all of your options and then choosing the one that will be best for you. There are a few things that you will want to keep in mind as you go through this process:

What type of payments do I want? Lump-sum or monthly payments?

How much money do I need right now?

What are my long-term financial goals?

How secure am I with the current provider of my structured settlement?

These are just some of the questions that you will want to ask yourself as you begin to think about selling your structured settlement.

4. Consider Requesting for an Advance Payment

You might have an emergency that requires you to get cash for structured settlements. Some companies will support you by giving you a partial advance payment as they wait for the judge to approve your settlement sale. It is wise to choose a company that will request this allowance from the court on behalf of its clients.

The main reason is that the judge will not allow the settlement sale if you have a large amount of cash in your account. The company requesting an advance payment on your behalf serves as proof that you need it to solve an emergency, and that is why they are selling some of their structured settlements.

5. Get Court Approval

While not everyone needs to get court approval, you must follow the rules and regulations required in your state. In some states, you will need a judge’s approval before selling the settlement. Before approaching a buyer, find out what laws are applicable in your case. This way, when you approach potential buyers, they can correctly analyze your situation and advise whether or not they can help you sell the settlement.

Receive Your Payment

When you sell your structured settlement, you will want to ensure that you receive your payment quickly. This means working with a company that can provide same-day payments or quick turnaround times. By doing so, you can have the funds in hand as soon as possible and begin using them for your purposes.


Overall, selling your structured settlement should be a well-thought-out decision. Many factors need to be considered to get the most from your structured settlements. The best thing about it is that you can sell all or part of your future payments without incurring any costs with the right company.