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Why Does It Take So Long To Receive My Money?

Unfortunately, when you decide to sell your structured settlement or annuity, it takes much longer than most people expect. Some companies make promises that they can not keep by telling their prospective clients that they will have there money in as little as 30 days.
Even though we would love to be able to get your money to you that quickly, strict laws and rules are enforced by insurance companies and each state’s court system. The process can not even begin without all the necessary paperwork from each client’s insurance company, and often times it can take many days to acquire all the documents.
Once all the paperwork is received and processed, it must all be submitted to obtain a court date. A lot of people who have begun the process of selling a structured settlement or annuity do not realize that each case must be sent to court. However, in the best interest of the client, each case must be approved by a judge. The court system wants to make sure that the transfer of payments is a fair transaction for each individual.
Often times, waiting on a court date is the most lengthy part of the whole transaction. Although this can be frustrating when you are in a time of need, the process is set up in such a way to protect clients from being ripped off or treated unfairly. When selling your payments, it is important to remember to have patience because this is one situation where it pays off in the end.

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