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Structured Settlement Factoring Company Reviews

Tuesday, February 22nd, 2011

Settlement Quotes is excited to introduce our Structured Settlement Factoring Company Review Section where users can provide reviews on companies in the structured settlement factoring industry. Besides the company reviews, we have also included the following information in the company profiles:

Contact Information
Social Media Information
Company Personnel
Better Business Bureau Information
Company Financial Info
Number of Completed Transactions

Most of this information was compiled directly from the company websites, but other data such as the completed transaction stats were compiled using sources such as Westlaw.

In order to provide users with the most accurate information we are allowing each company to edit their information and provide a brief company bio.

Please feel free to provide us with any feedback on this new section.

5 Predictions for Structured Settlement Factoring in 2011 (Part 1)

Friday, January 14th, 2011

2011 2010 was a great year for most structured settlement factoring companies. Record low rates created attractive propositions for annuitants, a struggling economy was a catalyst for more annuitants to sell their annuities, and ample investor funds supported the influx of cases. It was the perfect storm for many of the companies within the industry.

Towards the end of 2011, some structured settlement factoring companies could see their demise.

Below are 5 predictions for the structured settlement factoring industry for the upcoming year.

Several structured settlement factoring companies will go out of business.
Courts will deny more transfers.
Legislation will become stricter.
Institutional money will be favored over private money.
Rates will increase, structured settlements will be worth less.

Response to WSJ on Investing in Structured Settlement Factoring Transactions

Monday, July 26th, 2010

The Wall Street Journal on Friday, July 23, 2010 published an article titled “Another Can’t-Miss Deal That Can Miss Spectacularly“.

This article is inaccurate and misleading on a number of accounts.

Firstly, our Group has transacted over $350 million in these types of payments with zero defaults.

Secondly, the liquidity risk that is mentioned in the article is a risk common to many investment insurance annuities and is not unique to annuities purchased on the secondary market. It is a risk that is fully disclosed in our Group’s Buyers Guide that is given to all prospective buyers. Buyers accept this risk because the guaranteed nature of the investment with significantly superior fixed rates of return are worth it. The investments are designed as long-term holds and should not be purchased for short term strategies. For example, they qualify for IRA plans.

Settlement Quotes Is Now Able To Buy North Carolina Structured Settlements

Sunday, July 18th, 2010

For the past three years North Carolina Structured Settlement Recipients have been unable to sell the rights to their structured settlement payments because of a change in the North Carolina Structured Settlement Protection Act. Throughout these years many annuitants came to us with tragic circumstances where we normally would be able to help them create liquidity by cashing out their structured settlement, but because of this new law we were unable to help them.

Below is the section of the North Carolina Structured Settlement Protection Act which has not allowed most North Carolina structured settlement recipients to sell their payments since enacted:

Clearscape Funding Soliciting Structured Settlement Recipients

Saturday, July 17th, 2010

It has come to this author’s attention that Clearscape Funding, a Symetra subsidiary is badgering structured settlement recipients to sell the rights to their future payments. It appears that this company is increasing it’s efforts to buy back it’s own paper at rates much higher than the industry average.

In the past week, Settlement Quotes LLC has competed on three separate cases where Clearscape Funding has offered the annuitant discount rates between 10-14% as opposed to Settlement Quotes offering rates between 7.7- 10%.

Silly Rumors

Thursday, June 24th, 2010

It has come to our attention that a rumor being spread by a competitor that could affect your choice when choosing a company to work with when cashing out a structured settlement. The false rumor being spread states that certain companies provide extremely competitive quotes as a loss leader on a transaction in order to secure future deals from that particular annuitant from vastly higher discount rates to make up for any loss occurred in the original transaction.

What Peachtree Settlement Funding Doesn’t Advertise

Monday, March 29th, 2010

Do you ever wonder how structured settlement factoring companies pay for commercials that air all day and all night? I bet Heather Sutton, a 23 year old woman from East Bangor, Pennsylvania could tell you. Heather sold a $150,000 payment due in 2024 to Peachtree Settlement Funding for a one time lump sum payment of $11,000. Settlement Quotes could purchase this same payment for $43,000. Unfortunately for Heather she didn’t contact Settlement Quotes.

The Structured Settlement Factoring Exchange

Sunday, February 21st, 2010

In this video, Andrew Cravenho, President of the Settlement Quotes, LLC Structured Settlement Factoring Exchange is interviewed by John Darer of the Legal Broadcast Network. Viewers can learn how a Structured Settlement Factoring Exchange is a viable option to use when selling structured settlement payment rights.

Structured Asset Funding — Funding Problems?

Friday, November 13th, 2009

What in the world is going on with Structured Asset Funding. After observing the saga of the Connecticut woman in this article, one would think that the folks over at Structured Asset Funding (123 Lump Sum or FundingCash.com) would finally get their act together. Well apparently not!

JG Wentworth Files For Chapter 11 Bankrupcy

Tuesday, May 19th, 2009

Today, JG Wentworth announced that three of its non-operating parent holding company level affiliates – JGW Holdco, LLC, J.G. Wentworth LLC, and J.G. Wentworth, Inc., — have filed a voluntary reorganization plan under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court for the District of Delaware.