Structured Settlements

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The Basics

Get Cash For Your Structured Settlement Payments

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.

If you want to use your structured settlement money sooner, get in touch . We’ll give you a no-obligation quote and answer any questions you have.

Peachtree Financial does not offer legal, tax, or financial advice. Please contact independent professionals for those services.

Our Process

When you’re ready to sell all or part of your structured settlement payments, the first step is to connect with a Peachtree representative. From there, the process works like this:

Step 1: We listen.

We’ll ask about the nature of your settlement, such as from whom you are receiving payments and how often. We’ll also ask about your financial needs, and your plans for the money you’ll be using, as these are relevant issues for the court that will review the sale of your payments.

Step 2: We discuss your options.

When we know more about your structured settlement payments, we’ll help you understand all the options you have, such as how much of your settlement payment stream you’d like to sell, how you’d like to structure the sale, and how much we feel your future payments are worth today.

Step 3: Paperwork

This step is one of the most important parts of the process – and it’s a process that Peachtree has practically down to a science. We will have you send us all the documentation you have from your settlement. If there are additional documents that we need, or that you do not have readily available, we will either use our many resources to obtain them, or help you obtain them.

Step 4: Court process

All transfers of structured settlement payments from you to a funding company must be reviewed by a judge, to ensure the transaction is in your best interest. This court process is in place to protect you and your interests. Peachtree has extensive experience with this court order process. As the filing party, Peachtree’s attorney files a petition with the court and requests a court date. Your Peachtree representative will keep you informed as your case progresses. Your representative will also let you know if you need to be at the hearing and what to expect.

Step 5: We transfer your funds

Once the court approves the sale of your structured settlement payments, we will receive a signed order from the judge and will complete our final underwriting review. We will then send you a check (or electronically transfer) for the purchase price. In most cases, you should receive payment within three business days of us receiving the signed court order.

FAQs

It’s very important that you understand everything about the sale of your structured settlement payments, and your dedicated representative will do their best to address any questions you might have. Here, you can find the answers to some of the most common questions that arise during the process.

How long will it take?

Every case is different, and the total length of the process varies based on individual circumstances. We work as efficiently as possible for all aspects of the transfer that are in our control. However, it’s important to note that filing and preparing for court can take some time to ensure your transfer goes as smoothly as possible. The average transaction funds within 60 to 90 days of Peachtree receiving completed paperwork (individual transaction times vary based on individual circumstances). If you have a pressing need that cannot wait until funding, you can typically receive a cash advance of a portion of your purchase price within 24 to 72 business hours after we receive your required documents.*

*Advances are subject to approval at Peachtree’s sole discretion. Cash advances are not a loan. They are an advance of part of the purchase price for the sale of your structured settlement payments. Call 800-444-0916 for additional terms and conditions.

Will I need a lawyer?

In some states, you may be required by statute to consult with a professional advisor. If you have questions about the legal or financial implications of your transfer we encourage you  to obtain independent advice, because we want our customers to have the best understanding possible of their transaction.

Who will I be working with at Peachtree?

You will work with one representative throughout the entire process. This representative will be familiar with all the ins and outs of your transfer, and will be available to answer any questions you might have.

What documents will I need?

Generally, we will need a copy of your annuity contract and settlement agreement. Your individual circumstances will dictate what additional documentation we need. This documentation could include: divorce decrees, child support documentation, bankruptcy documents, proof of domicile, and additional documents pertaining to your settlement and annuity.

Will I need to appear in court?

All transfers require court approval and the majority of jurisdictions will require you to appear in court for a best interest hearing. This is for your own protection, to make sure you understand all the details of the sale and to ensure the transfer is in your best interest.

Do I have to sell my entire structured settlement payment stream?

No. You can choose to sell only part of your structured settlement payment stream. When we discuss your financial needs with you, we’ll outline all your options to help you determine the best course of action.

Why does it matter what I’ll do with the money?

When you receive a settlement, it’s designed to help you for the duration of the structured settlement’s payments. But the reality is that sometimes you need more money during certain times in your life, and the original settlement can’t possibly predict when these times will occur. By demonstrating how that money can help you now, all parties involved can agree that the sale of your structured settlement payments would be in your best interest.

Why should I choose Peachtree?

Our experienced, dedicated representatives listen to your goals and then clearly explain all of the options available to help make those goals a reality. It’s all part of something we call the Peachtree Promise. Learn more about it now.

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