FAQs: About Your NCAA Claim
Sale Agreement

A Claim Sale Agreement transfers your rights to future NCAA settlement payments to a buyer in exchange for an agreed-upon payment today.

No. Quotes are free and come with no obligation to sell. You only commit when you sign your agreement.

Xclaim facilitates the transaction with a third-party purchaser. The purchasing entity will be identified in your agreement.

Absolutely. Once your claim is verified, we'll prepare your personalized agreement for you to review before making a decision.

Our offers reflect current market pricing. If you receive a higher valid written offer, send it to us and we'll see if we can match it.

Your agreement clearly states your purchase price. This is the amount you'll receive, subject to any deductions or conditions disclosed in the agreement.

Our goal is within one business day. Our current agreements provide for payment within two business days, subject to the agreement's conditions. To date, 100% of our completed NCAA claim sellers have been paid within one business day after signing.

No. Verita does not currently formally acknowledge claim transfers. We file the necessary transfer documentation and initiate payment without waiting for that acknowledgment.

Offers are based on current market conditions and may change. Any applicable expiration date will be communicated to you.

Generally, the amount you're paid for selling your claim is the starting point for determining taxes, rather than automatically the full estimated settlement amount. However, tax treatment varies, so consult a tax professional to confirm what you'll owe.

You may receive a tax form if required by applicable reporting rules. Our team can help clarify the transaction's reporting process.

Future payments covered by the sale belong to the buyer. Your individual tax obligations depend on applicable tax laws, so consult a tax professional.

The buyer assumes that risk. A reduction in your claim's value does not, by itself, require you to repay the difference.

You keep your agreed purchase price. Delays in future settlement distributions are the buyer's risk, subject to your agreement.

Lack of formal acknowledgment alone does not require repayment. You must still fulfill your responsibilities under the agreement.

Only under circumstances specified in your agreement, such as misrepresenting your claim or violating certain contractual obligations. A reduction in claim value alone does not trigger repayment.

The buyer receives the future payments covered by the sale, whether they're higher or lower than estimated. Your agreed purchase price stays the same.

The buyer is entitled to future payments covered by your agreement. You may need to assist with transferring payments if they're sent to you.

Your agreement is legally binding. Any cancellation rights depend on its terms and applicable law, so review everything before signing.

No. You're selling your claim, not taking out a traditional loan. There are no loan interest payments or monthly installments.

These provisions confirm that you legally own your claim, have provided accurate information, and agree to fulfill your contractual responsibilities. They also explain your liability if certain promises are broken.

Contact Xclaim immediately. Payments covered by your sale belong to the buyer, and your agreement explains how to handle them.