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Well, it's a critical question, and one that should be explored with care. Many receive a structured settlement as an annuity paid over a long period of time in compensation for injury or malpractice. While the stable income of a structured settlement can be a necessary key to financial security, many people are often left in a bind when they need money for a sudden expense or emergency, and are unable to procure the collateral for a loan.
That's where structured settlement buyers come in. These companies offer a single lump sum of cash in exchange for your monthly payments, giving you the up-front capital you need to manage a crisis, or make a needed purchase/investment.
Monday, February 26th
With a very informative series of resources including everything you need to know about settlement funding (including a series of YouTube videos), Fairfield Funding fulfills two very important factors: informing you about the details of structured settlement sale, and recommending that you hire independent legal counsel. While their $500 best price guarantee is nice, we are more impressed with their informative and ethical resources and their overall lack of customer complaints. In short, when you talk to your financial advisor or attorney, be sure to investigate Fairfield Funding as an excellent potential partner in the sale of all or part of your structured settlement.
With its headquarters located in Pennsylvania, Peachtree Financial has been buying structured settlements since 1996, and is one of the more ethical actors doing so. Where some buyers attempt to rush you through the process and pressure you into a sales call, Peachtree takes the time to provide resources about structured settlements, recommends you find independent legal and financial counsel before selling your settlement, and offers helpful tips on how to do so. While they lose some marks for annoying calling practices, all-in-all Peachtree Financial stands out from the field, and is a good candidate for your consideration while shopping for the best rate in selling part or all of your structured settlement.
CBC Settlement Funding states that they will not purchase your settlement if it isn't in your best interest, and recommend that you seek independent financial advice through an attorney or financial advisor before selling your settlement. In a field filled with high-pressure schemes and even higher promises, we thoroughly appreciate the care that CBC Settlement Funding takes in informing customers as to best practices in selling a structured settlement. If you're considering selling your settlement, we think that it's well worth your time to discuss this option with your attorney or financial advisor.
Famous for their ubiquitous commercials promising "Cash now!" , JG Wentworth's media presence somewhat trivializes the seriousness of selling your structured settlement. Further, nowhere on JG Wentworth's website could we find any recommendation that you seek out independent financial advice before selling your structured settlement. When combined with one-sided information about the value of selling a structured settlement, JG Wentworth seems more interested in a quick sale than in servicing a well-informed customer.
DRB Capital is a structured settlement buyer that on the surface appears like a good company. However a bit of digging reveals some very unscrupulous practices. Employees of DRB Capital attest to high-pressure sales environments and the exploitation of customers. Unfortunate clients complain of unending spam calls from changing phone numbers in addition to advertisements framed as checks being sent in the mail from DRB Capital. In short, while DRB Capital may be able to buy your structured settlement, their business practices feel shady at best. You should probably seek a better-rated structured settlement buyer on our list.
While RSL Funding goes out of its way to badmouth their competitors, they do little to actually assure potential sellers as to their quality. They also offer little in the way of advice that could protect potential sellers from predatory practices. RSL Funding does offer a $1,000 best price guarantee, and a "refer a friend" program for $500 should they sell their structured settlement. However, RSL Funding's bonuses reveal some business practices that make it a company that we do not recommend.
Stone Street Capital sends out advertisements to vulnerable people in the mail that are framed as scratch off tickets, with cash-rewards for calling and hearing an offer for their structured settlement purchase. These are not the practices of an ethical company, or one we would be comfortable negotiating with on the sale of our structured settlement. As such, we recommend you avoid Stone Street Capital.
Northstar Settlement Funding is either too new or too disorganized to have a functioning website. Their website contains multiple spelling errors and minimal information about structured settlements or the value they provide. At best they are still making their website, and at worst they are simply a scam.. We recommend you avoid Northstar Settlement Funding and talk with your financial advisor or attorney about one of the more reputable buyers on our list.
It almost goes without saying that you should take care when you sell your structured settlement. While there are reputable buyers out there, many companies appear out of nowhere, or engage in less-than-reputable business practices. As the sale of a structured settlement is a major decision, a bit of careful investigation to determine the quality of the buyer can go a long way towards a transaction you'll be happy with.
Typically the sale of a structured settlement requires that you appear in court to talk to a judge in order to determine that you understand the particulars of the sale of your structured settlement, and that the sale is in your best interest. While potentially annoying, your court appearance is a critical step in the process, and something that directly protects you as a consumer.
Before this step, companies are required to advise you in writing that you can hire independent legal counsel to review your sale in court with you. This is strongly recommended, as legal counsel and financial advice can give you power and leverage in your structured settlement sale, making it so you get a better deal, and potentially earning multiple-thousands more from the sale of your settlement. If you sign this away to another person or a company, they may represent their own best interests, rather than yours.
So, which structured settlement buyers are worth your time? As you investigate the options, here are some tips for you to keep in mind:
At Top Consumer Reviews, we want to make sure that our readers are well-equipped to navigate the sometimes murky waters of the structured settlement industry. We've gathered the best companies we could find, and ranked them based on their overall reputation and business practices. As you shop around for the best deal in the sale of your structured settlement, you should feel comfortable using our curated list as a starting point for finding a fair and honest buyer.
Select any 2 Structured Settlement Buyers to compare them head to head
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