Once a judge approves the sale, you receive the remaining balance of your lump sum, minus the advance already paid. Key Benefits and Risks Pros:
Fast access to cash for urgent medical bills, rent, or high-interest debt. structured settlement advance
The process bridges the gap between your immediate need for cash and the 30–90 days typically required for court approval. Once a judge approves the sale, you receive
You sell your payments at a "discount rate" (often 9%–18%), meaning you receive significantly less than the total future value. You sell your payments at a "discount rate"
Some companies, such as Catalina Structured Funding , may provide an advance (often $500 to $2,500) within 24–48 hours of signing.
It is not a loan, so there are no monthly interest charges or separate repayment obligations.
Approval is based on your verified settlement payments, not your credit score. Cons: