FREQUENTLY ASKED QUESTIONS
Can I sell lottery payments for cash or do I need permission from the lottery commission?No, you do not need permission to sell lottery payments. This is your money and whatever you decide to do with it is your choice. Before you choose to sell lottery payments, be sure to work with an experienced company you can trust, such as U.S. Settlement Funding. We will determine what legal steps need to be done in order to provide you with a lump sum up front for your lottery annuity payments. We will also pay for any legal fees during this process.
Why are people selling their Lottery Prize Awards & Casino Jackpot Winnings to U.S. Settlement Funding?There are a variety of different reasons why a person might want to sell their payments, such as pregnancy, a new business opportunity, a desire to go to college, and marriage. Sometime Lottery Winners were not provided with an opportunity to receive a lump sum payment up front. U.S. Settlement Funding provides the Most Money for Lottery Prize Awards and Casino Jackpot Prize Awards.
I need cash now, is there any way I can receive money now?You can sell all or a portion of your lottery payments for cash now. The process usually takes about 2-6 weeks depending on what state you reside in. But, we can offer you a cash advance if you need some money right away.
What are the pros and cons of not having my payment sold for lump sum cash?If you choose not to sell your payments then the good thing is you are guaranteed income every year. But, say you need more money than what you are receiving every year or you run out of the money you have received and have to wait to get more? By selling your payment and receiving lump sum cash you can use it for what you need right away and not have to wait.
Are there any advantages to having a jackpot paid out over time?Sure. It's always nice to know you are guaranteed a check every year. For many people, it brings somewhat ease and security. However, many people do not manage their money correctly and end up spending more than what they can afford in a year. Every winner is different, some people like to receive annual payments and some choose the lump sum. Whatever you decide to do is your choice.
I won the lottery, so am I able to receive the lump sum instead of annual payments?It depends on when and where the award was won. Each state has different laws dealing with the lottery. So depending on what state you won the award, it is not guaranteed that you have the option of a lump sum. Before making a rational decision, we advise every winner to thoroughly weigh out their options or even speak with a financial advisor so they may point you in the right direction.
Do I have to sell all of my Lottery Prize Award Payments?Absolutely not. We will work with our clients to tailor a plan to meet their financial goals. We will typically purchase a portion of the Lottery Prize Payments to meet our client's financial goals, but depending on our customers financial need, we can and will purchase all of their Lottery Annuity Payments.
How long does it take to get funded?It depends on how quick you can get us the documents we need. The transaction involves obtaining an Order from a court. Typically obtaining a hearing date is the longest part of the transaction. A transaction will usually last about 4 to 6 weeks for Lottery transfers, depending on your jurisdiction.
I WON THE LOTTERY!!!! But why don't I feel like a millionaire?One million dollars sounds like a lot of money and when you hear you won a million dollars, you start to think of all the places and things that you can afford now because you're a millionaire, right? After taxes that million dollars you thought you won has now turned into an annual check of $36,000.00 over 20 years. If you need money now and don't want to wait 20 years to receive it, contact U.S. Settlement Funding and we will help you get your money when you need it.
I am interested in your company, but how is your success rate?U.S. Settlement Funding is a company you can trust and we work hard to make sure you, our client, are completely satisfied. Our attorney's have years of experience and have done over thousands of transfers. We have a dedicated team of professionals who are experienced. We will make sure all things go smoothly and the process goes efficiently and quickly to meet your needs. If you have any questions, please feel free to contact us and we will assist you with the best customer service possible.
I need money ASAP! How long will it take to receive?Depending on what state you reside in it could take between two-six weeks. As long as all of the documents are sent to us as soon as possible, we will make sure to work as quickly as possible to get you your money fast. If you need money right away and can't wait two-six weeks, we can offer you a cash advance on lump sums. If you are interested in receiving cash in advance, just let one of our team members know and we will work with you.
I am a little bit confused on how this works, to better understand, could you walk me through the process?Sure. Before you choose to sell your lottery payments to a funding company, such as U.S. Settlement Funding, LLC, the first thing you have to do is enter into an agreement to sell your lottery payments. After the agreement, the buyer then goes to court to obtain a court order. The court order is a must, this guarantees that both you and the funding company are protected by law. In case you were wondering about costs and fees, all of the court costs and attorney fees should be paid by the buyer. The court order allows your future payments to be sold to the buyer at an agreed upon purchase price. After the court order is approved, the company will need to obtain an acknowledgement from the lottery commission and then the buyer/company will pay you your lump sum either by check or wire into your bank account. If you have any further questions, please feel free to contact us.
I want the best price for my future payments, how do I know I'm getting it?To make sure you get the best price for your future payments, you should do your research and get as many quotes as you feel comfortable getting and weigh out your options. You will want to choose a company that guarantees the highest lump sum. U.S. Settlement Funding will make sure we beat any legitimate quote out there.
Not sure if you want to sell lottery payments?There are many advantages to selling lottery winnings for a lump sum cash payment. Need help to buy a home or car or pay for your business? Need to pay off debtors or medical expenses? How about college money for your children or grandchildren? Whatever your American Dream is, U.S. Settlement Funding will be there to provide you with the one on one personal service to help you Achieve your dream. Typically you can have your money within four to six weeks, depending on the state you reside in. If you need some cash right away, we may be able to offer you a cash advance.
Do all States Allow for Transfers of Lottery Prize Awards?Not all states allow for the assignment of lottery payments. The best way to find out if your state allows for transfers is to contact us at 888-219-9203 and find out. State laws are always changing and by contacting us we will be better able to assist you with your lottery prize award needs.
Would I be able to receive some cash now and still have some money coming in later?Yes. U.S. Settlement Funding will help you determine how much money you can receive now and how much you can receive at a later date. If you need money right away, we can offer a cash advance on your lump sum.
Do I need an attorney to help me sell my Lottery Payments?It is recommended that you obtain your own attorney to answer any question that you may have regarding selling your lottery prize awards or lottery annuity payments. Although, you are not required to hire an attorney, we recommend it.
When I sell my Lottery Prize Award Payments do I need to pay taxes?We recommend that you hire your own tax advisor to obtain an answer with regards to selling your lottery prize annuity.
Who pays for hiring an attorney to transfer my Lottery Payments?U.S. Settlement Funding will pay for the courts costs involved in obtaining a court order approving the transfer of your lottery prize payments.
Now that I received my lump sum cash payment, what can I do with it?Now that you have received your lump sum cash payment you can do so many things. You can pay off debt that has been haunting you for years, or how about that dream vacation you've always wanted to take. You can open up that business you've talked about since you were a child, or even help pay for your children/grandchildren to go to the college they always wanted to attend. No matter what you decide to do, the sky is the limit.
If you have any other questions about selling all or a portion of your lottery prize award payments, please Contact Us by filling out the form to the right, or Call Us at 888-219-9203
Ask about our Cash Advances, only for Phone Calls.