About 123 Lump Sum
123 Lump Sum is a Florida-based factoring company that provides instant quotes for structured settlement, annuity, and lottery payment rights.
Pros & Cons
Pros
- A rating with the Better Business Bureau
- More than 16 years purchasing structured settlements
- Licensed to purchase structured settlements in all 50 US states
- Dedicated phone support line for sellers
- Online quote request available on their website
Cons
- Not a current NASP member (verify independently)
- Like all buyers, their offers are below the full face value of your payments
- Court approval process typically takes 45-90 days
Discount Rate & What to Expect
Structured settlement buyers across the industry — including 123 Lump Sum — typically apply discount rates between 9% and 18% annually. Your actual offer depends on the number of remaining payments, the monthly amount, and the buyer's cost of capital on the date of purchase.
Use our free lump sum calculator to model what different discount rates mean for your specific payment stream before requesting a quote from 123 Lump Sum or any other buyer.
How to Get a Quote from 123 Lump Sum
- Gather your settlement documents. You'll need your original settlement agreement and any annuity contract paperwork.
- Contact 123 Lump Sum. Call 1-888-521-2381 or visit their website. Provide basic details about your payment schedule.
- Review their written offer. They are legally required to disclose the discount rate, the present value of your payments, and the effective annual interest rate.
- Compare with other buyers. Get at least two additional quotes and use our calculator to evaluate each one.
- Court approval. If you accept an offer, the buyer files a transfer petition. A judge must approve the transfer — typically within 45 to 90 days.
States & Provinces Served
This company is licensed to purchase structured settlement payment rights in all 50 US states plus Washington D.C.
Specialties
Frequently Asked Questions
123 Lump Sum is a structured settlement factoring company founded in 2009 with a BBB rating of A. As with any structured settlement buyer, we recommend verifying their current BBB accreditation at bbb.org, reading recent reviews, and consulting a licensed financial advisor before proceeding.
Structured settlement buyers including 123 Lump Sum typically apply discount rates ranging from 9% to 18% annually, depending on the payment schedule, remaining term, and current market conditions. Always request a written quote and compare it against at least two other buyers using our free calculator.
Once you sign a purchase agreement with 123 Lump Sum, the transaction must be approved by a court under your state's Structured Settlement Protection Act (SSPA). This process typically takes 45 to 90 days from signing to receiving your lump sum payment.
Only you can decide whether selling is right for your situation. We recommend: (1) using our free calculator to estimate your lump sum, (2) getting quotes from at least 3 buyers including 123 Lump Sum, (3) taking our free quiz to assess your readiness, and (4) consulting a licensed financial advisor before signing any agreement.
Important: CashOutEstimator.com is an independent resource and is not affiliated with 123 Lump Sum. Company details — including BBB ratings, phone numbers, and states served — may change. Always verify information directly with the company before proceeding.