Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.
Thursday, October 6th
JG Wentworth is one of the most-used services for buying structured settlements, with over $8 billion in future payments purchased in the last three decades. Their website is a fantastic resource for learning about the process, no matter which service you ultimately choose. While this company still maintains a strong BBB reputation, customer comments are either very positive or very negative, and you won't be assigned your own representative for the entirety of your deal. Still, JG Wentworth is a reliable structured settlement buying company.
CBC Settlement Funding has been in business for a little over 10 years, specializing in buying annuities and structured settlements. We appreciate their commitment to ethical transactions and keeping the customer's best interests in mind, which is reflected in their strong rating from the BBB. However, we encountered numerous glitches on their website, which meant we couldn't determine how transparent this company is with their rates and fees. Plus, several complaints from customers earned CBC Settlement Funding a just-average ranking among similar services.
If you've been awarded money as the result of litigation, an accident, or any other legal settlement, you likely receive monthly payments for a set number of years. However, that slow trickle of money doesn't do you much good if you need a larger amount of cash right away.
That's where structured settlement buyers come in. These services get approval to buy the rights to a certain amount of your monthly payments, in exchange for a lump sum payment now.
Of course, a court will have to approve the terms in order for your structured settlement to be purchased, and it's still critical that you understand all of the particulars before signing on the dotted line. Fortunately, the buyer of the settlement takes on most of the responsibility for doing the legwork: drafting the agreement, getting approval from the court, and setting up the relationship with the payer.
Not all structured settlement buyers are created equal. While there are some that have been in the industry for decades, other opportunistic services seem to pop up overnight, hoping to make an agreement that is more to their benefit than yours. How can you tell which service can be trusted to get you a payout that's fair?
Here are a few criteria you should consider when selecting a structured settlement buyer:
TopConsumerReviews.com has reviewed and ranked the best structured settlement buyers available today. We hope this information helps you choose the right service to get the funds you need quickly and fairly.
Select any 2 Structured Settlement Buyers to compare them head to head