Best Structured Settlement Companies

The differences between buyers of structured settlements and annuity payments are important. Understand the options before you take any action. Not all buyers are created equal. The difference between the right and wrong choices can be measured in thousands of dollars and weeks of time before you receive your lump sum payment.

DRB Capital Structured Settlement CompanyDRB capitalDRB Capital is an industry leader in purchasing both structured settlements and annuities. In addition to competitive quotes, DRB Capital also offers their clients an outstanding customer service team that works efficiently to meet your needs. The DRB Capital team will assign a representative to work closely with you to meet your individual needs. Each time you are in contact with DRB Capital you will be able to speak with this same individual who is familiar with your case. Even better, their representatives do not rush or pressure you to make a decision but provide as much information and guidance as you require to make a decision. With an A rating from the Better Business Bureau (BBB) the DRB Capital team stands out as an industry leader in structured settlement and annuity payments and can offer you an easy and fast process to sell your payments at very competitive rates.
Rating: 5
Fairfield FundingFrom their base in Atlanta, GA, Fairfield Funding provides customers with specialized service in the area of structured settlements and annuities. Receiving most of their clients through previous customer referrals, Fairfield Funding’s financial professionals offer customers expert service in selling their structured settlements and annuity payments.
Rating: 4
CBC Settlement FundingBased in Pennsylvania, the team at CBC Settlement Funding has been working with customers to buy annuities or provide pre-settlement funding since 2009. The CBC Settlement Funding customer service team provides rapid service and promises the delivery of payment within 48-72 hours following the approval of a transaction.
Rating: 4
Oasis Legal FinanceSince 2002, Oasis Financial has provided pre-settlement funding and structured settlements for a wide variety of cases including workers compensation and accidental injuries, and wrongful death. The company is based in Rosemont, Illinois with offices throughout the United States. The company is also known as Oasis Legal Finance, LLC.
Rating: 4
Novation Settlement SolutionsA factoring company based in West Palm Beach, Florida. Novation Settlement Solutions offers customers the ability to sell structured settlements, promising to make quick decisions. Novation Settlement Solutions also offers customers the ability to receive offers over the phone or submit their questions by email.
Rating: 4

If you think you may have found the right buyer for you – make sure they meet the following criteria before you proceed:

  • Strong industry experience
  • Professional and transparent customer service, not pushy!
  • Solid rating with Better Business Bureau
  • Few negative reviews on Yelp and other rating websites
  • Offer a free quote and provide it in writing
  • No hidden fees

When It Makes Sense to Cash Out a Structured Settlement

The terms of a structured settlements are naturally limiting, with the recipients entitled to payments on a strict schedule. There are many situations in which this schedule will no longer fit the needs of the recipient. Oftentimes, when people choose to cash out their structured settlement it is due to urgent financial need. In other situations, people regret selecting the structured settlement instead of the lump sum payment and want to reverse their decision. Regardless of the reason, there is a way to get cash for your structured settlement or annuity payments. Common reasons for cashing out a structured settlement include buying a home or a car, financing an education, paying off debt, or investing in a business. In some cases, an expanding family needs a larger home or in others growing medical expenses urgently require access to cash. In all cases, you should not feel restricted by the schedule of the payments on your structured settlement. If you need to access your funds now there are options. Factoring companies, or companies that purchase structured settlement payments, can provide you with a lump sum payment in exchange for cashing out your remaining payments. These companies will consider the number of value of your remaining structured settlement payments and will be able to rapidly provide a quote for their value. When cashing out structured settlement payments, it is not possible to receive the full value of the structured settlement payments from the buyer. The buyer will always offer a price less than the total value. The amount of difference between the structured settlement payments and the total value of the lump sum offered by the buyer is called the discount rate. Continue reading to learn more about the discount rate.

4 Easy Steps to Selling Annuities

Convert your annuities into cash with ease in a few simple steps. You can get cash now for your payments to help pay bills or invest in your future. Find out how to get the most cash for your payments and learn how easy it is to take control of your finances.

Get the facts about selling annuities

Research potential companies & request quotes

Accept quote and complete short application

Finalize agreement and receive cash

Make Your Settlement Work for You – Get a Degree, House, or Business

Getting access to cash now is the main benefit of selling a structured settlement or annuity. This can unlock incredible potential in your life, including educational and business opportunities which would have otherwise been impossible. Do not let your payment schedule restrict your life. With support from the right settlement buyer you will get access to your funds in a few simple steps. Access to your funds now will mean that you can take care of growing debt or invest in your future, whether through a property, education, or business opportunity. Live life to the fullest starting today.

Solve your financial problems – get cash in a few simple steps

If your current financial issues cannot be solved with cash or your ambitions cannot be realized with the current schedule of monthly payments this can be addressed. You only need to complete a few basic steps to get access to your funds. The first step is to choose a buyer for your payments. After you identify a buyer for your structured settlement or annuity payments you need to work with them to provide the required information. Then, make a brief appearance in court to have your transaction reviewed by a judge. After your court appearance and judge approval, the money will be yours.

Get a free, no obligation quote today from leading industry experts

DRB Capital is a leading buyer of structured settlements and annuity payments. Their team will customize the process to meet your needs and offers customers competitive quotes. Their A rating from the Better Business Bureau speaks for itself. If you choose DRB Capital you will benefit from unparalleled customer service to walk you through the process of selling your structured settlement or annuity payments. Their team will answer all your questions as you carefully consider your options.

What Are Structured Settlement Annuities

Structured settlements are designed to support those who receive settlements manage their money in a beneficial manner for their long-term financial health. Structured settlements were created as a result of many settlement recipients spending their settlement funds very rapidly rather than investing them and gradually withdrawing to cover their expenses for an extended period of time. In fact, structured settlements are relatively new. Structured settlements became popular in the 1980s when new laws and tax regulations in the United States made all personal injury and wrongful death settlements non-taxable. As a result of this, the income that individuals receive from their structured settlements is tax-free. If you are the recipient of a structured settlement, instead of receiving your entire settlement in one lump sum, you will receive regular payments over a period of time. This is for the benefit of the person or company paying the settlement as they can pay over time. It also benefits the recipient who will get the financial security from those payments. Structured settlements come from many types of lawsuits, but most commonly are the result from personal injury lawsuits. They can also be made in cases of back pay settlements, divorce, punitive damages, and liquidation damages. It is also common to receive structured settlements through malpractice and wrongful death lawsuits. Another common source of annuities is winning the lottery. Lottery winners can choose either a lump sum or a annuity payments after winning. Those who chose payments do not have to stick with payments if they need funds and most have the ability to sell their lottery winnings for cash. Individuals who own structured settlements do have the right to sell them for cash. This can be done through factoring companies which provide a lump sum, cash payment in return for selling the regular payments of the structured settlement. It is possible to sell most structured settlements, whether from a personal injury, medical malpractice, or other type of case.

Understanding Discount Rate

When you are looking at quotes from potential buyers of your structured settlement, it is critical to understand the meaning of discount rate. Unlike most cases such as when you are shopping at a sale – you want to keep an eye out for a LOW discount rate! This may seem strange at first, but it is important to understand that the discount rate is the amount reduced from the full value of your annuity or structured settlement that you will receive. In other words, it is the amount less than their total value that you will receive in the lump sum payment from the buyer. Factoring companies consider a number of factors when calculating the discount rate which they can offer potential customers. These include total value of payments being sold, number of payments, current interest rates, the timeline over which the payments will be made, and any additional fees that the factoring company wants to charge. Unfortunately, the discount rate will never be zero. No factoring company will offer you a lump sum payment for the full value of the remaining payments on your structured settlement. Discount rates range between different structured settlement buyers, but it is the price customers pay for getting access to cash now.

Pre-Settlement Funding

In the process of fighting a legal battle, one of the most difficult aspects is the amount of time required. In personal injury cases a decision can take months or even years. Meanwhile, life goes on and bills still need to be paid. You can get access to funds now with pre-settlement funding, also known as a lawsuit advance, to continue to pay your lawyer and other bills while the lawsuit is pending. Pre-settlement funding can be provided in a variety of cases but is most commonly made available to the following:
  1. Motor vehicle accidents
  2. Personal injury
  3. Product liability
  4. Medical malpractice
  5. Premises liability
  6. Worker injury and workers compensation
  7. Wrongful death
The process of applying for pre-settlement funding is straight forward. To get more information about pre-settlement funding today you need to coordinate with the pre-settlement provider and your attorney to conduct a brief review of your case. The pre-settlement funding company will provide an agreement under which they will purchase a set amount of your expected settlement in exchange for a fixed cash payment. It is important to know that there is no fee required to receive pre-settlement funding. Further, although pre-settlement funding is sometimes called a settlement loan, it is not required to be paid back even if the lawsuit is lost. The pre-settlement funding is yours to keep regardless of the outcome of the lawsuit. Typically, pre-settlement funding companies will not get involved in your lawsuit. This means that the cash you receive will not require any change in your legal strategy or extra time from your legal representative. Finally, unlike a bank loan or other source of cash, pre-settlement funding companies do not conduct credit checks. They can provide pre-settlement funding regardless of your financial situation. For those who have missed credit card payments or are facing foreclosure on their homes, it can be an important source of income.

F.A.Q.

How are structured settlements taxed?

In the United States, most structured settlements are not subject to taxes as they are not considered income by the IRS. Structured settlements that are not the result of personal injury cases should be carefully reviewed as they may be subject to taxes.

What is the structured settlement protection act?

There is not a single structured settlement protection act, but rather acts passed by individual states which offer similar protections to sellers of structured settlements. In general, a study of the different acts across states reveal buyers need to inform the seller of the difference between the value of the payments in the current annuity arranged compared to the price they will receive for selling. The protection act in each state will also typically require the approval of a judge. The judge will need to certify that the transaction is in the best interests of the seller and also make a determination that the sell is necessary to prevent financial hardship. Some states require the seller to consult an attorney or independent financial consultant during the process. There are key differences between states so it is important to gain an awareness of your local laws. DRB Capital can help you do this.

What about structured settlements for minors – can these be sold?

In general, selling structured settlements owned by minors follows the same procedure as that for settlements own by adults. However, there is substantial variation in the requirement for proof that selling is in the best interest of minor involved. Parents or guardians will be required to show that selling the future payments will benefit the minor more than waiting until their adult years. Approvals for these type of sales are relatively rare.

Why must a judge approve transactions?

A court date is usually considered negative, however in this case the appearance is required to ensure that your transaction is in your best interest. The judge will review the details of the sale as well as proof that the sale will prevent financial hardship.

How do I know I am getting a good discount rate?

Don’t be afraid to shop around – get quotes from multiple buyers. No quote that you receive should be binding. It’s also important to remember that you are not only looking for the discount rate of the quote you get but also the quality of service from the buying company. Good service can be the difference between receiving your lump sum payment in a matter of weeks compared to months.

What are some red flags to look for in the process of selling my settlement?

As in any business, there are companies with poor service. In the business of structure settlements this means that there are companies who will make bad offers to potential sellers and try to pressure them into selling. Do not deal with any company who will not make an offer in writing or is pressuring you to sign a document before answering all your questions.

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