In a recent article published by a representative of Stone Street Capital, a list of characteristics were provided to look for in a structured settlement factoring company that you may want to do business with.
Here is a summarized list:
- Is the company you are working with a broker or direct funder?
- How long has the company been in business?
- Is the company you are working with a member of the Better Business Bureau? If so, what is their rating?
In the article written by Stone Street Capital, the author expressed his opinion that the best deal an annuitant can receive is by completing a transaction with a "direct funder". The knowledge behind such an argument is that a "broker" would take a commission which would be subtracted from the annuitant's lump sum payment.
The above statement would be correct, if, and only if the funding sources of both the "direct funder" and the "broker" were identical. If the funding source of either party were different, it could sway the annuitant's lump sum payment by thousands, if not tens of thousands of dollars.
Here is an example:
- 100 payments of $1000 per month starting January 1st, 2010
- Allstate Insurance Company
- Settlement Quotes- $67,665 (9.2% rate)
- Other Company- $61,684 (11.6%)
Settlement Quotes is not a direct funder, but our funding sources are different from any company in the industry. These varying funding sources provide us with exceptional rates that are difficult to match by any company.
Settlement Quotes, LLC is a marketplace where we provide multiple competing quotes from several funding sources. This competition creates the maximum value for the annuitant and you can be sure that you will receive the best price for your structured settlement.