Hi. I'm new to this forum, so please forgive my beginner level understanding.... I recently won a lawsuit for several hundred thousand dollars payable over the next ten years. I've heard I can get more of the money upfront? How exactly does settlement factoring work?

That's a great question.

First and most important. Factoring your settlement is really a needs or opportunity based option. What I mean is, the cost to accelerate your payments is high enough to require a significant need or opportunity to justify the expense.

People often use the money to save their homes, pay for major expenses, pay off bills that are impacting their quality of life, cover medical or tuition expenses, or start/support a business venture. Sometimes clients use the money for investment purposes.

The process put simply:

You request an evaluation of the present value of your future payments.
We respond with an offer based on your specific requirements.
You accept.
We create court documentation based on state and federal laws. This is also a paperwork gathering phase.
Once you have signed and returned all paperwork, we submit to state counsel to establish a court date.
Then the judge approves the court ordered transfer.
And then you get your money via wire or check.

I hope that answers your question. If you need more information, please private message me, visit our website www.ppicash.com, or give me a call.