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Frequently
Asked Questions If you have a question that you would like answered and don't see on this page. Please feel free to submit them to: support@sellyourlotterypayment.com or call us toll free at 1-888-762-4171 (Mon-Fri 8am-5pm EST) As the saying goes, " No question is a dumb question . . . ." Q: How fast do I receive my money? A: We usually give you an estimation beforehand, but the time can vary from one week up to three weeks depending on certain variables. IE: lottery amount, state won lottery, payment intervals - weekly monthly, etc. Q: Do I have to sell my entire settlement or can I sell some of it? A: You can sell some of your lottery payments or you can sell all of them. The choice is yours. Q: What is the highest and lowest amount of lottery payments you deal with? A: Currently, there is no set number for either. However, we will let you know in advance if this is something we can or cannot support. Q: How much does this service cost? A: Due to the differences between small and large lump sums, a flat rate would not be beneficial to you. Therefore we currently use percentages between 10-20% Q: What is the benefit of selling my lottery payment? A: Besides you receiving a lump sum check, one of the main benefits of selling your lottery payments can be best described in the example below. The value of your money decreases over time as inflation increases things like: gas, rent, mortgage, food, dining out, etc. Tickets for a movie used to cost around $2-3 per ticket, now tickets are like $8! example: Lets say you received a lump sum of cash for $100,000 this year. Considering the statement above, do you think your $100,000 would buy you more things now or 10 years from now. |
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