How Long? How Much?

Selling your lottery payments is no simple process.  Many factors need to be considered, even before beginning the process of finding the right company to help you to achieve your goals

How long?

There are important questions to ask when deciding to advance your future lottery payments.  How long until you get the money you need?  How long will the whole process take? 

Depending on how complicated your case is, the entire process can take from 30 to 90 days.  Issues such as back taxes, child support and other liens against your credit slow down the process.  It is important for the company you choose to inform you of these issues, and work through them with you. 

How Much?

Possibly the most important question to someone inquiring about advancing their lottery payments is “How much?”  How much will it cost?  How much will I need to sell to get the money I want or need? 

The answer to these questions varies; depending on what best suits your financial needs.  Some different options are selling portions of payments or entire payments.  The sooner the money is due to be paid, the more that it is worth.  This is commonly referred to as the time value of money.  For example, you can buy a soda at the store for around a dollar.  However, 20 years from now, it may cost 10 dollars to purchase that soda.  You have more buying power with the money you have today.

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