Are you the recipient of a structured settlement, receiving a steady stream of income payments over time. If a pressing financial need arises, you can choose to get immediate cash by selling some or all of your structured settlement payments.
In order to protect both you and third-party annuity buyers such as CBC Settlement Funding a sale transaction is regulated by federal law as well as the law in 47 states. While the process of selling structured settlements is fairly straightforward, there are certain disclosures and other documentation that you or your lawyer must review. CBC’s professionals will make certain that your transaction goes as smoothly and quickly as possible.
Your first step is to contact a CBC customer representative. Your CBC customer representative will review the various options that are available to you and assist you in selecting the best one for your particular situation. There is no fee for this consultation.
Once you and your customer representative have determined the appropriate option for your settlement lump sum, the required legal documents will be prepared and sent to you for your review. We also recommend that you discuss the transaction with an independent professional adviser, such as a lawyer or accountant. Once you have read the documents and understand them thoroughly, you simply sign and return them to CBC. CBC’s lawyers will then file them with the court.
Over the next three to six weeks, the court will review the documents and set a hearing date. Once the court reviews and approves the transaction you should then receive your money within 48-72 hours, either by check or via electronic transfer, depending on your preference.
Keep in mind that this timeline is approximate; each state law governing the sale of structured settlements is different, and this will affect the length of time required to complete the transaction.
CBC Settlement Funding can provide clients with a lump sum cash advance in exchange for selling structured settlements to our company. Clients can contact us today for additional information on customized cash options to fit their unique financial needs.