At Settlement Quotes we receive many questions on a day to day basis. We will start posting our most common questions and answer them to the best of our ability. This Q&A will be a several part series over the next few weeks. If you have a question feel free to comment.
How long does the structured settlement factoring process take to complete?
Each structured settlement annuity factoring transaction is different and unique. There are several variables that determine the length of the process. For example, obtaining a court date in the state of New York is much harder than obtaining a court date in the state of Florida.
The underwriting process of a structured settlement transfer transaction are all very similar in the length of time that is needed to complete them. The next step for the structured settlement factoring company is to obtain a court date in the state the personal injury case was originally settled in. This is the part of the process that takes the longest time to complete.
An individual looking to sell a structured settlement can expect to wait an average of 60- 90 days to be funded. There are some cases where an individual can receive their lump sum quicker and there are some instances where it takes longer.
The deciding factor is usually the state the case was originally settled in.