Getting Approval Where You Live
As said the Strategic Capital website says repeatedly, every situation is different, and your chance of approval is unique. However, our research has revealed that the most difficult states to get approval to purchase structured settlement payments in are New York and California; this is due, for the most part, to how busy their courts are. Missouri, New York, and Texas tend to be denied most often, but this is at least partially due to the sheer volume of sales in these states. New Hampshire and Wisconsin do not have their own structured settlement protection act, so it may be challenging to sell in these states. However, you can still sell a settlement if you live in these states as long as the insurance company who owns your annuity is located in a different state – you can get court approval in that state. Some have suggested that claims are most likely to be approved in Florida, Illinois, and Virginia, but these are just generalizations and should not deter you from attempting a sale in any state.
Getting approved for a structured settlement transfer depends upon a variety of things including your reasons for needing the money, the rate your company is offering, the personal views of the judge and more. Each situation is unique, but when you call Strategic Capital we can walk you through the specifics of your state and your situation.