Who is the Best Structured Settlement Buyer? If you've received a structured settlement from a legal case or insurance claim but need access to those funds now, you're not the first. A structured settlement provides guaranteed periodic payments, often from a personal injury case, workers' compensation claim, or similar settlement.
Subpar
Right out of the gate, Houston-based RSL Funding sets themselves up in opposition to the most well-known structured settlement buyer and its subsidiaries. While their information about that competitor's unfair practices are factual (we reviewed them, too), we're not convinced that this defamatory approach implies good business practices for RSL Funding. We'd like to see some evidence that, if they reached their competitor's level of success, they would not also resort to those unethical practices simply because they could.
Their educational content misses the mark in concerning ways
On their website, RSL Funding provides a basic definition of structured settlements and outlines their process, but they notably fail to emphasize the importance of seeking independent legal counsel or fully explain the serious, long-term implications of selling your settlement. Their website focuses heavily on promoting quick cash access rather than helping you make an informed decision - a hallmark of a less-than-trustworthy structured settlement buyer. They provide a list of documents needed but skimp on explaining the court approval process or your rights within it.
High-pressure tactics wrapped in a guarantee
RSL Funding's website immediately funnels visitors toward providing contact information for a quote, and their content repeatedly pushes their "$1,000 guarantee" if they can't beat competitors' offers. While they provide rate comparisons against that prominent competitor, claiming to offer "$7,000 more on average," they don't disclose their actual rate ranges or encourage shopping around. A marketing approach that relies heavily on positioning themselves against competitors rather than being transparent about their own practices is one that suggests problems behind closed doors.
The Better Business Bureau has serious concerns about RSL Funding
Here's something else that should make you pause: RSL Funding currently has an "F" rating from the Better Business Bureau. Why? They've been caught using the BBB's name and trademarks without authorization on their website, falsely claiming to be BBB-accredited. The Bureau has even had to seek legal assistance to protect their trademark. And those "recent reviews" RSL Funding showcases on their website? They're clearly timestamped 2018-2019, and RSL has zero presence on any major third-party review platforms.
Recent customer experiences raise major red flags
We found only a few customer reviews about RSL Funding dated within the past 2 years. These customers report that RSL Funding has become essentially unreachable, with non-working phone numbers and unresponsive email support. Even more concerning, there are allegations of the company taking unauthorized payments from customers.
Stay away from this troubled structured settlement buyer
RSL Funding raises serious red flags at every turn. From their "F" rating with the BBB for unauthorized trademark use, to their concerning customer complaints about unreachable support and unauthorized payments paint, we begin to see a clear picture of an untrustworthy structured settlement buyer. Our recommendation? Look elsewhere.
Continued from above...
If you've received a structured settlement from a legal case or insurance claim but need access to those funds now, you're not the first. A structured settlement provides guaranteed periodic payments, often from a personal injury case, workers' compensation claim, or similar settlement.
While these regular payments offer financial security, life sometimes throws unexpected challenges your way - medical bills, education costs, or a down payment on a home might require immediate access to larger sums of money. Finding a reputable structured settlement buyer could be the solution - but it's crucial to understand both the benefits and risks before making this significant financial decision. It's not all it's cracked up to be by the commercials.
Before you consider selling your structured settlement to a buyer, understand that you're trading future security for immediate cash - and usually at a significant discount. When you sell your payments, you'll typically receive 50-80% of their future value, depending on factors like interest rates and payment schedules. It's essential to carefully evaluate whether the immediate need justifies the long-term financial impact.
Industry standard discount rates - the percentage deducted from your future payments to determine your immediate cash payout - typically range from 9% to 18%, though some buyers may offer rates outside this range. The actual rate you receive depends on various factors including the total value of your settlement, payment schedule, and current market conditions. Be wary of rates significantly higher than 18%, as these could indicate predatory practices. Similarly, extremely low rates that seem "too good to be true" may mask hidden fees or unfavorable terms. Always request a detailed breakdown of how the discount rate is calculated and its impact on your final payout.
The sales process itself requires careful navigation. First, you'll need court approval, required by state laws protecting settlement recipients. Additionally, you'll want to know about the aggressive nature of the structured settlement buying industry. Once you request a quote, your contact information may be shared among multiple buyers - leading to an onslaught of calls and mailings that can continue for years, even if you're on the Do Not Call registry. Be prepared to firmly decline unwanted solicitations and file complaints with the Better Business Bureau if necessary.
When evaluating structured settlement buyers online, consider these crucial factors:
Top Consumer Reviews has evaluated and ranked the most reputable structured settlement buyers available. We hope our research helps you find the best service to meet your immediate financial needs while protecting your long-term interests.
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