Frequently Asked Questions
What rate of discount do you typically use?
What rate of discount do you typically use?
Answer
PPI Cash’s purchase rates are the most competitive rates in the industry. Rates vary based upon the type and structure of the transaction.
adminDo you charge any closing fees or other costs?
Do you charge any closing fees or other costs?
Answer
No. There are no hidden transaction costs; all fees are disclosed ahead of time.
adminWould you buy all or part of my future payments?
Would you buy all or part of my future payments?
Answer
We can structure your deal in multiple ways. For example, we can buy all remaining payments, a partial number of payments or a percentage of your payments.
adminDo I pay taxes on this?
Answer
No. On June 10, 1999, IRS issued Private Letter Ruling 119273-97, which confirmed that an individual’s sale of their structured settlement payments would not create a tax liability to that individual.
adminHow much do I get?
Answer
There are many variables involved. The financial rating of the insurance company making the payments, the size of your transaction and how far into the future the payments extend, all affect the amount you will receive. Our financing experts will be glad to discuss with you what your needs are and provide you with a quote.
adminWhy is a court order necessary?
Why is a court order necessary?
Answer
Most states have passed a Model Act that requires annuitants to obtain a court order prior to reassigning their payments. In most cases a personal court appearance is not required.
adminHow long does the process take?
How long does the process take?
Answer
In most cases the industry-wide standard is a minimum of 90 days. Some companies will tell you they can get your deal processed in weeks. Unfortunately, courts do not operate that quickly. Most people want a set time frame and need the money right away. Some people will try to use that need against you. They will tell you what you want to hear, and then leave you waiting.
adminWhat rate of discount do you typically use?
What rate of discount do you typically use?
Answer
PPI Cash’s purchase rates are the most competitive rates in the industry. Rates vary based upon the type and structure of the transaction.
adminDo you charge any closing fees or other costs?
Do you charge any closing fees or other costs?
Answer
No. There are no hidden transaction costs; all fees are disclosed ahead of time.
adminWould you buy all or part of my future payments?
Would you buy all or part of my future payments?
Answer
We can structure your deal in multiple ways. For example, we can buy all remaining payments, a partial number of payments or a percentage of your payments.
adminDo I pay taxes on this?
Answer
No. On June 10, 1999, IRS issued Private Letter Ruling 119273-97, which confirmed that an individual’s sale of their structured settlement payments would not create a tax liability to that individual.
adminHow much do I get?
Answer
There are many variables involved. The financial rating of the insurance company making the payments, the size of your transaction and how far into the future the payments extend, all affect the amount you will receive. Our financing experts will be glad to discuss with you what your needs are and provide you with a quote.
adminWhy is a court order necessary?
Why is a court order necessary?
Answer
Most states have passed a Model Act that requires annuitants to obtain a court order prior to reassigning their payments. In most cases a personal court appearance is not required.
adminHow long does the process take?
How long does the process take?
Answer
In most cases the industry-wide standard is a minimum of 90 days. Some companies will tell you they can get your deal processed in weeks. Unfortunately, courts do not operate that quickly. Most people want a set time frame and need the money right away. Some people will try to use that need against you. They will tell you what you want to hear, and then leave you waiting.
admin
