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Selling My Structured Settlement: Everything You Need to Know

Selling My Structured Settlement: Everything You Need to Know

Can I sell my structured settlement?

You can sell some or all of your structured settlement payments to a factoring company for immediate cash. Although you must first obtain court approval, you have the legal right to cash out your future payments — either in part or in full — to a structured settlement buyer.

Selling My Structured Settlement: Everything You Need to Know

If you are looking to sell your structured settlement, you’re likely feeling overwhelmed. There is a lot to consider when selling such a large sum of money. This article looks at the steps you need to take to understand the process of selling your structured settlement and will answer some frequently asked questions about this type of transaction.

What is a Structured Settlement?

A structured settlement is a unique financial arrangement commonly used in legal settlements involving personal injuries. Essentially, they are a series of fixed payments made to an injured party over a period of time instead of a one-time lump sum.

Why Would Someone Choose to Sell Their Structured Settlement?

One of the most common reasons people choose to sell their settled debt is the need for money quickly. The fixed payment amounts may not offer the amount of funds needed in a specific, timely manner. By selling your structured settlement, you can often access all of the money at once.

Are There Restrictions on Selling a Structured Settlement?

Structured settlement agreements are legally binding and can only be changed with the approval of a court. It is also important to be aware that for most structured settlement payments, a penalty may apply for early payments or withdrawals.

Structured Settlement Buyers: What You Should Know
Structured Settlement Buyers: What You Should Know

How do I Sell My Structured Settlement?

When selling your structured settlement, you will need towork with a structured settlement buyer. There are several companies that specialize in this type of transaction and they will guide you through the entire process. Keep in mind that most companies require a court order before any money can be released and you will likely have to pay a fee to access your money.

The Benefits of Selling My Structured Settlement

Selling your structured settlement has several potential benefits. First and foremost, you’ll receive a lump sum of money which can be used for any purpose. This may come in handy if you’re in need of a large sum immediately. Additionally, you will likely be able to walk away from the transaction with more money overall than what was offered in the initial settlement.

Frequently Asked Questions

Q. Is it safe to sell my structured settlement?

Yes, it is safe to sell your structured settlement. As long as you are dealing with a reputable, licensed structured settlement buyer, you can rest assured that your rights are protected and that you’ll walk away with all the money to which you are legally entitled.

Q. How long does it take to sell a structured settlement?

The time it takes to process and approve a structured settlement sale depends on the state you live in and the individual company you are working with. Generally, however, the selling process can range from two to five months.

Q. How does the money get paid?

It is up to the individual structured settlement buyer as to how they process payments. While some will offer to wire payments immediately, others may send the money via check.


Selling your structured settlement is a big decision and requires careful consideration. It is important to understand the risks and benefits associated with the transactional process and to research various structured settlement buyers before making a commitment. Make sure you take the time to read all paperwork and ask any questions you have before signing anything.

For more information on selling your structured settlement, visit the links below:

Bankrate: Selling Your Structured Settlement

Structured Settlements: Can I Sell My Structured Settlement?

Annuities Settlement: How to Sell My Structured Settlement

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