Frequently Asked Questions
Structured Settlement Program
- WHAT IS THE LUMP SUM CASH OPTION?
- WHY SHOULD I CONSIDER A LUMP SUM?
- WHAT IS 'PRESENT VALUE'?
- HOW MUCH ARE MY PAYMENTS WORTH?
- HOW BIG A LUMP SUM PAYMENT CAN STONE STREET MAKE?
- HOW SOON WILL I RECEIVE MY MONEY?
- HOW AM I PROTECTED?
- WHAT IS THE PROCESS FOR CONVERTING MY SETTLEMENT TO CASH?
- HOW DO I GET STARTED?
WHAT IS THE LUMP SUM CASH OPTION?
Simply put, a lump sum is up-front cash for the value of your future payments. Choosing the cash option for structured settlements allows you to trade in your future payments for money today.
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WHY SHOULD I CONSIDER A LUMP SUM?
Your financial situation may have changed and you need access to cash before your settlement payments arrive. Why wait years when you can get exactly the amount of money that you need with either a full or partial conversion? Getting a lump sum allows you to take control of your money now.
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WHAT IS 'PRESENT VALUE'?
"Present Value" is simply what something in the future is worth today. For example, take the price of a movie. Thirty years ago, a movie ticket cost about $2. Today, you would pay $8.50. Thirty years from now, a movie ticket will be even higher. In other words, today's dollar buys more than tomorrow's dollar.
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HOW MUCH ARE MY PAYMENTS WORTH?
We can provide you with a Free Quote that is specific to your payment stream and your needs.
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HOW BIG A LUMP SUM PAYMENT CAN STONE STREET MAKE?
The sky is the limit! We have originated over $1 billion over almost 20 years, and have vast financial resources available to us. Contact us at 1-800-LUMP-SUM (800-586-7786) to find out how much immediate cash you can get for your future payments.
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HOW SOON WILL I RECEIVE MY MONEY?
Stone Street Capital has the fastest turnaround time in the industry. However, every cash conversion is different. On average it takes 6-12 weeks after you have signed the contract for you to receive your money.
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HOW AM I PROTECTED?
You must obtain court approval of your sale in accordance with your state's laws that govern the sale of injury settlement payments. These state laws work in conjunction with existing federal laws, and provide clear rules for the exchange of periodic payments for a lump sum of cash. Court orders are issued ensuring that the transaction is in your best interest.
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WHAT IS THE PROCESS FOR CONVERTING MY SETTLEMENT TO CASH?
Getting a lump sum for your structured settlement is a simple process. Here is an overview of what is involved:
- Call 1-800-LUMP-SUM (800-586-7786) to speak with us to explore your options. There is no cost and no obligation of any kind.
- Consult with a Stone Street Capital Executive Buyer to customize an offer to meet your needs and complete a simple application over the phone.
- Provide Stone Street with supporting documentation to your settlement and sign a Sale Agreement.
- Obtain court approval of the transaction
The rest is up to us. We will do all the necessary work involved to receive court approval with either minimal or no cost to you. Once everything is approved, you receive your lump sum. Your Stone Street representative is there every step of the way.
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HOW DO I GET STARTED?
It's easy! Give us a call at 1-800-LUMP-SUM (1-800-586-7786) and we will give you a free quote on what your payments are worth. Our professionals will walk you through the process and answer any questions you have. It's that simple.
