- Complete the form above* by following the easy step-by-step instructions.
- Sit back and relax while SSQ shops your payments to its Certified Funders and Calls you with the Highest Bid same business day.
- Accept the Highest Offer.
- Review sale documents with an SSQ arranged Notary Public representative and get signed up.
- Get funded by wire transfer following completion of the transfer process, usually within 6 to 8 weeks from acceptance.
Happy Clients Stories
The Benefits of a Lump Sum Settlement
When receiving an award for a personal injury case, the claimant is often puzzled by the choice of whether to take a lump sum settlement, or receive a structured settlement annuity. There are significant advantages to both. Receiving a lump sum provides a large amount of money in a single payment that can be used to pay down medical debts to allow the claimant to get back on their feet.However, a structured settlement annuity typically provides sizable monthly payments to pay for ongoing expenses like mortgage payments, car payments, utility expenses and daily living.
Lump Sum Settlement
There are significant benefits of receiving a lump sum settlement that includes no more late checks or missing a payment that got “lost” in the mail. Receiving a lump sum of cash allows the claimant to move on with their life, and not be bound by the restrictions of a structured settlement annuity. They can choose the doctors they want to go to, and never have to worry if they have enough money to make payments for their medical care. Additionally, receiving a lump sum of cash minimizes the potential of the annuity provider going out of business or any other reason the payment would cease.
Settlement Buyers Help Claimants in Need of More Cash
When most people are going to receive compensation for injuries, the insurance company that is going to pay the claimant will offer a settlement option. While it is possible to choose a lump sum at this time, people often choose a settlement option that guarantees regular payments each month or even annually.Most prefer this option because they are not going to have to pay taxes on settlement payments.
Pros and Cons When You Sell Settlements
Settlements for an injury case can be quite handy and can help you pay for many of your financial needs.However, people will sometimes find that they need to have a lot more than those payments offer, and that might cause them to want to sell settlements to a buyer.
This option offers some pros and cons, and it is a good idea to understand them before you start looking for a company to buy your settlement. When you want to sell settlements, the only real issues that you might have are finding a reputable company to buy from you and making sure that they are offering a fair deal.You have to expect that you are going to have a bit less than the actual value when you are selling, but you want to make sure that you are still getting a fair deal.
The biggest advantage to selling your settlement is the fact that you are going to be able to get the money that you need without having to wait.You might not be able to qualify for a loan, and you might not want to get a loan when you have this money owed to you. If you are going to be buying a new vehicle or a home, you might find that being able to buy the property outright is going to help you save money in the long run, even helping to offset the difference from the actual value of your settlement and the amount you get when you sell.
