Selling your lottery payments for cash
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For many people, winning the lottery is a dream come true -- a chance to pay off bills once and for all, or perhaps buy a new car or dream home.
Unfortunately, there’s also a potential downside – especially for those who choose annuity payments when they win. After taxes, payments that are stretched out over 20 or 30 years can suddenly become rather ordinary. Which is why many winners turn to companies like Woodbridge Structured Funding, LLC to explore selling their lottery payments for a lump sum of cash.
We sat down with Jennifer Fierro of Woodbridge Structured Funding, LLC to talk about the pros and cons of selling lottery payments. And why Woodbridge Structured Funding, LLC might be your best choice when you’re ready to make your decision.
Q: First, Jennifer, why would someone choose to sell their lottery payments for cash?
JF: Actually, there are quite a few reasons. But the biggest reason, I think, is that once a lottery winner starts receiving their payments, they find it isn’t bringing in the income that they thought it would. Put another way, over time, the total payments made may be quite high, but when you break it down to monthly income, for some, it just isn’t what they expected it to be.
So they’re faced with a decision – continue on and adjust their lifestyle to this new reality, or do the research and consider selling their lottery payments to a company like ours.
Q: So customers who come to you have already decided that they want to sell their lottery payments?
JF: By and large, we find that people who talk to us about selling lottery payments have done their research, made the decision to sell and are at the point where they’re figuring out who they want to work with. They want to know who will offer them the best deal, and who offers the best service. Service is very important to them.
Q: What sets Woodbridge apart?
JF: When customers come to us to sell their lottery payments, they usually know what they want to do, but aren’t sure what the process is. So we take the time to get their needs and come back with a number of options that they can choose from. We review everything with them every step of the way. We’ll prepare the paperwork, even file the petition with the courts once they’ve had time to review the paperwork and ask us any questions they may have – they don’t even have to be there.
Q: But it isn’t only limited to selling lottery payments, right? What if someone has a really lucky day in Vegas or Atlantic City, for example?
JF: Sure. It’s the same principle. Think about it. Both the lottery commissions and casinos guarantee million-dollar payouts because they take a smaller sum and invest it.
Q: Thanks, Jennifer.
Why wait for someone else to grow your money?
By selling your lottery payments to Woodbridge for a lump sum of cash today, you can take back control of your winnings now. Whether you’re looking to buy the house of your dreams, take the trip you’ve always wanted, start up a business, or pay down old debts, Woodbridge can help you jump start your dreams today.
We have helped over 1,000 people gain access to their future payments. To learn more, see our Free Advice Center. And don’t just take our word for it: see what our clients say on our Testimonials page!
