Much of today’s television and internet structured settlement advertising emphasizes “Cash Now” and some websites even claim “Funding in as little as 24 hours”! Is it possible to sell your structured settlement annuity payment and receive your money all in one day? One of the top structured settlement industry authorities, Annuity Transfers’ Shannon Harvey, has recently posted a clear and easy-to-understand explanation of why such claims are fiction.
Ms. Harvey states that, “The truth is that your structured settlement is not an ATM card”. The reality is that the sale of structured settlement payments in the secondary market must be accomplished according to strict legal guidelines. As outlined in the post, the few steps involved in your funding request are required by state laws to include waiting periods and notice periods which are set by specific state laws. And this timeline must be scheduled within a court’s schedule, which increasingly adds to the time between your request and the receipt of the lump sum for the sale of your settlement payments.
Read the post in its entirety here: http://www.annuitytransfers.com/2012/02/20/when-is-24-hours-really-8-weeks/.
About Annuity Transfers, Ltd.
Annuity Transfers, established in 2003, purchases structured settlement annuity payments by combining the highest court approval rate in the industry and utilizing its own capital to close 100% of transactions within three days of court approval.