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The cash value resulting from a class action suit can be sold to a funding source. The financial strength of the defendant in the suit is the measure of the salability of the proceeds from the suit. Even though an award is granted by a court and judgment is entered under a class action award, the fact that the defendant in the suit my not have the assets to pay the award is very critical in this type of instrument sale.
The class action award is purchased by a funding source at a discount so that the funding source yields a sought rate of return. This is the manner in which the cost of the sale is determined.
The time that you can receive your funding can be within a matter of days once all the issues of the award are investigated and verified.
If you are due to received such a class action award, contact Capital Funding of America for details pertaining to the sale of this type of transaction.
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