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Fairfield Funding Review

Tuesday, September 28th

2021 Structured Settlement Buyer Reviews

Top Consumer Reviews Best-In-Class Blue Ribbon Award Fairfield Funding Review 5 Star Rating

Fairfield Funding

5 Star Rating
  • BBB Rating: A+, accredited
Top Consumer Reviews Best-In-Class Blue Ribbon Award

If you want to work with a company that treats you like a valued friend or family member, start with Fairfield Funding for your structured settlement buyout. Everything about this company will have you feeling safe and secure, with no hidden fees or bait-and-switch contracts from your first interactions with their representatives.

Upfront information

Here's a big reason why: Fairfield Funding is one of the only structured settlement buyers that comes right out and tells you what interest rates you can expect when selling: 6% to 18%. They even explain that your purchase price depends on several factors, such as the insurance company making payments to you, the dates and amounts of your payments, and the state of the economy at the time of your contract. You can expect your process to take anywhere from 30-45 days, depending on how long it takes the court to approve your agreement (and some states have mandatory waiting periods as well).

Variety of payment options

When using this service to sell your structured settlement, you can choose from a variety of different payment structures. These include a one-time lump sum payment and a partial buy-out, where they purchase just part of your monthly payment for the rest of the term, or just a certain number of years of the payment term. You're not pigeonholed into any contract that isn't right for you.

100% guarantee

You've got a four-point, 100% guarantee when working with Fairfield Funding. If they can't beat a competitor offer on your structured settlement, they'll pay you $500. They also promise a cash advance in as little as 5 days, and that advance is fixed and no interest. Finally, they guarantee to close your transaction as quickly as permitted by the laws in the state(s) involved.

Best Structured Settlement Buyers

Welcome transparency

This company also offers a great deal of transparency when it comes to other information. Want to know the pros and cons of selling your structured settlement? Not only do they have an article, but also a video with one of their top-level staff explaining it in detail. It's definitely worth it to spend some time reading through the FAQ and other resources on this site.

Impressive customer service

We were impressed to see that Fairfield Funding has representatives available outside of traditional weekday business hours. We connected with a rep via live chat on a weekend afternoon and were immediately able to communicate with someone who could answer our questions. Plus, that person was a native speaker of English - which certainly helps when dealing with potentially complicated financial questions. We're too used to dealing with companies that provide questionable online chat help, especially at odd times.

Positive customer testimonials

One question we posed to our chat representative was, why were the independently-verified customer reviews featured on the Fairfield Funding site were outdated by 2 years. The representative in the chat was able to point us to the most current customer testimonials, where we were happy to find not only a 5/5-star rating average, but also a very responsive customer service team. Time and time again, customers said that Fairfield got them the best rate on their structured settlement buyout, and that the entire process went smoothly and fast.

Excellent BBB rating

Plus, Fairfield Funding enjoys an "A+" rating and accreditation from the Better Business Bureau, with zero customer complaints on file there. These are all strong indicators that this is a service you can trust if you're trying to sell your structured settlement, all or in part.

Highest rating

It's normal to feel apprehensive when making a big financial decision, such as Structured Settlements. Fairfield Funding goes to great lengths to ease your mind and help you make the choices that are best for you. When it comes to selling your structured settlement, Fairfield Funding earns our highest rating.

Who Can You Trust as the Best Buyer for Your Structured Settlement?

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.

The Best Structured Settlement Buyers Compare Structured Settlement Buyers Compare Structured Settlement Buyer Reviews What are the best Structured Settlement Buyers Best Structured Settlement Buyer Reviews

Structured Settlement Buyer FAQ

A structured settlement is usually awarded after an accident or a win in court. Instead of a one-time lump sum payment, the money is distributed monthly for a certain number of years.
You may want to consider a structured settlement buyer. You sell all or part of your settlement to their company in exchange for a lump sum payment now.
Simple: they make money from it. Most structured settlement buyers/companies levy interest rates on the buyout, which can range from 5-20%. You'll want to get a complete listing of all of the terms and fees before agreeing to sell your structured settlement, especially since some companies are more upfront than others with that information.
They might sound shady, but structured settlement buyouts are fairly common. It's a win for the client who can't wait months and years for their payments to trickle in, and it's a win for the service that makes money on the transaction.
Reputation is everything. If you're considering a structured settlement buyout, be sure the company you choose has a solid reputation: find out what previous clients have to say about the process and experience, and definitely see if the Better Business Bureau has given the service a positive rating. You don't want to entrust such a large financial decision to any buyout provider that can't prove their dependability.
Yes, there are several. First, understand that a settlement buyout will have to be approved by the court. Depending on the circumstances of the settlement, a judge might not give a buyout the green light. Next, if your monthly payments are intended to take care of regular expenses for many years, but you spend a lump sum all at once, you may not have the money you need to pay bills in the future. Another consideration is whether a lump sum payment can disqualify you from receiving Medicaid and SSI benefits. There are other situations where a structured settlement buyout wouldn't be in your best interests; it's worth discussing it with your financial advisor, attorney, or anyone else who can give you an objective assessment of the situation.
Many factors impact how quickly you can get the lump sum payment from your structured settlement. Not only does the court have to approve the arrangement, but some states also have mandatory waiting periods to take into account. Your process could last anywhere from 30-90 days, so don't expect to have a check in hand the day after you contact a structured settlement buyer to get more information.
We recommend that you start by browsing the websites of several companies that offer structured settlement buyouts. You'll find plenty of details about how the process works and what to expect, and you may even find answers to your questions before speaking with a representative. Those representatives will be extremely eager to talk with you, which is why it can be helpful to already have done some research before you reach out. Some services have a live chat feature where you can get help too, if you prefer not to make a phone call or fill out an online form.
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Continued from above...

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:

  • Reputation. The best structured settlement buyers have a longstanding track record of honesty and integrity. Look for a strong rating from the Better Business Bureau, preferably with accreditation as well. Also, find out what previous clients say about their experience when using the service.
  • Process. Starting with their website, the settlement buyer should have a process that is easy to understand, transparent with respect to fees and timelines, and informative.
  • Customer Service. How easy is it to get help with your structured settlement buyout? Does the service provide help during regular business hours only, or at other times for those who can't make a phone call during the day? Can you expect representatives that are courteous and knowledgeable?

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.

See the Best Structured Settlement Buyer
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