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Structured Settlements Brokers: How to Select a
Buyer of Structured Settlement Payments...
There are many structured settlements brokers out there. Selecting a
great buyer is crucial when trying to get the highest payout for your
settlement.
There are hundreds of
brokers who will link you to funding sources, as well as a handful of
major funding companies that will buy
settlement payments directly.
Consult
multiple
companies and compare
quotes, you'll get a feel for the market and
have a better chance of choosing a good buyer.
Whether choosing structured settlements brokers or a funding companies,
consider the following:
- Check out the company’s history.
- How long has it been in existence?
- Is there a listing of names of the company
manager or owners?
- What are their credentials?
- Are they listed with the Better Business Bureau?
- Do they list verifiable testimonials from
customers or clients?
- Do they provide a substantial listing of
Frequently Asked Questions
that show an in-depth knowledge of the business?
- Do they indicate that it may be in your best
interest to only sell
a partial amount of your settlement and not the entire amount?
- Do they list a dollar amount regarding the
volume of cases they have handled?
- Do you feel comfortable that no one is rushing
you to make a hasty decision?
- Do they have a process to provide free quotes?
Be aware that
legislation in most states permits the assignment (selling)
of settlement payments only
after a judge’s
approval.
This is to look out for the seller's (and their dependents') best
interests.
Therefore, you will need your own lawyer to review the documentation
provided by any structured settlements brokers you select.
The following are several companies which meet some of the above
criteria. This
listing is not an endorsement nor a
recommendation of their services.
You will need to conduct
your own selection process and choose the best company for your needs.
J.G. Wentworth Advanced Funding
JGWfunding.com was founded in 1992. It is a member of BBB OnLineŽ which
is A Better Business BureauŽ Program.
J.G. Wentworth is the only company in the industry to achieve AAA
ratings by both Moody’s and S&P financial rating services. They
were the original pioneer and founder of the advanced funding industry
and they've maintained their position as the industry leader for over
ten years. Their structured settlements are backed by close to $2
trillion in total assets.
At JGWfunding.com
you'll find a listing of client profiles and a
detailed example of the steps involved in selling a structured
settlement. When
compared to other structured settlement brokers, their history
and credentials are impressive. Their website is also user friendly
and filled with vital information.
Fairfund Financial Group
Fairfund.net
is a member of BBB OnLineŽ and they've been in business
since 1978. Their Structured Settlement page (linked from the Services
menu) is well written.
The website does not list key personnel; however, a Director is named
on the BBB OnLineŽ company report which is
viewable if you click on the BBB OnLineŽ logo. The site is user
friendly, with a pro-customer feel.
Novation Capital
Novationcap.com is a member of the
Better Business Bureau. The website doesn't list what year the company
was started nor do they list their management team.
The site does state that Novation has over twenty years as structured
settlements brokers. They've
purchased more than a billion dollars in structured settlement and
other similar cash flows. Their website lists testimonials from
previous customers and has a page detailing state laws on selling
structured settlements.
Sovereign Funding Group
SovereignFunding.com has an
informative blog with lots of information for consumers. Keep in mind
some of the blog entries appear slanted and border on being propaganda
for their services, but there is still helpful information for anyone
considering selling their structured settlement.
There is a BBB OnLineŽ logo on their site connected to a brief company
report onb the BBB website.
Sovereign Funding Group won't charge to have them negotiate on your
behalf. Only once your loan or funding is completed to your
satisfaction will they receive a fee from the lender or private funder.
As stated previously, caution should be exercised when reviewing
structured settlements brokers.
Do your research,
compare
quotes and make sure you sell only enough payments to
cover the
cash you need now.
*Company reviews are based on
information available at the time of this writing.
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