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Structured
Settlement | Top Companies: This Week's Reviews |
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| Services Offered:
Structured settlement payments |
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| Company Overview:
J.G. Wentworth first started in 1983 as an insurance
fund that provided insurance to high risk drivers. In
1991, they were established as a merchant bank that
dealt with healthcare transactions. By the late 1990s,
J.G. Wentworth was fully focused on the structured
settlement and annuity business, with their first major
transaction worth over $70 million, which occurred in
1997. By 2005, the company had more than 100 employees
at their headquarters, and $2 billion in funding. Now
the company has over 200 employees and is still growing. |
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| Our Review:
J.G. Wentworth is a great company. Even though they
started off in a completely different industry, they
have great options for structured settlement payments
and other services. The website is a little tricky to
get around in some places, but with contact information
and customer service right at your fingertips, it’s a
great site to check out. |
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| User Review:
J.G. Wentworth was so helpful to me. I had a structured
settlement where I was receiving about $12,000 each
year, but I needed the whole payment to take care of
some medical bills and to keep my house out of
foreclosure. I went to J.G. Wentworth, and they bought
my settlement for a great price, allowing me to get the
money I needed quickly. |
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| Services Offered:
Structured settlement payment |
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| Company Overview:
Stone Street Capital has been in business for over 20
years. They buy payment streams from clients that have
structured settlement payments, annuities, personal
injury claims, lawsuit settlements, and lottery
winnings. The company was founded in 1989, and has
purchased more than $1 billion in future payment streams
from its customers. |
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| Our Review:
Stone Street Capital has a good service. Their length of
time in business gives them a great reputation, and they
are always willing to work with any customer. They are
very friendly, and their goal is customer service, which
is great. The website is really easy to use, and contact
information is readily available at every turn. |
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| User Review:
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| Services Offered:
Structured settlement payments |
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| Company Overview:
Sovereign Funding has over 100 funding sources for
structured settlement, annuity, and other large
settlement purchases. The company is based in Maryland,
and is committed to giving their customers the best and
least complicated experience possible. The company was
founded in 2002, and has helped thousands of customers
since their inception. |
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| Our Review:
Sovereign Funding has a lot of places to work with to
get you the money you need. This can make them a great
choice. However, they are a newer company, so make sure
that they’re comparable to companies that have been
around a little longer. All in all, they’re worth a
look, and the customer service will be useful if you
need it. |
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| User Review:
Sovereign Funding got me so much money for my structured
settlement, and I didn’t have to wait 20 years to get it
all. I didn’t realize that the payout option would cost
me so much of my settlement, but I still got $560,000 of
the $1.2 million that I was originally awarded, so
that’s not too bad considering that I needed the money
up front. |
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| Services Offered:
Structured settlement payments |
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| Company Overview:
Patriot Settlement offers structured settlement
purchases to consumers with no expenses or legal fees.
They focus their reputation on customer service and
providing the best possible information and services to
each customer. The company has been in business since
2004, and they are located in Florida, but they serve
customers around the country. |
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| Our Review:
Patriot Settlement is a good company. We like their
emphasis on customer service and friendly transactions.
They’re a newer company, but they’re definitely good at
what they do. The website is really easy to get around,
and finding the contact information you need isn’t a
problem at all, since the phone number is on every page
of the site. |
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| User Review:
Patriot Settlement was able to get me a payout on my
structured settlement in about a week. I was really
amazed with their service. I had a settlement from a
lawsuit, and getting $50,000 a year for the next ten
years wasn’t working for me. I had a lot of bills to
pay, and I wanted to enjoy the money for a little while,
so I took a lump payment by selling to them, and got a
great deal. |
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Other Top Companies for
Structured Settlement : |
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Structured Settlement Payment Options |
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Many people
across the country have structured settlements that
they’re receiving payment for. However, there are some
times when people need that money right away and can’t
afford to wait for a yearly or bi-annual payment.
Companies that specialize in buying structured
settlements, annuities, and other lump sum payments have
created a place for these people to turn. There are a
few things that you should know about these companies
before you jump in, though. For example, you should take
the time to make sure that you are working with a
legitimate company before you give out any personal
information or agree to work with anyone. Then, you
should fill out the forms with the company. Make sure
that you take the time to check with a couple different
companies, though, so that you get the best deal that
you can. Once you fill out the paperwork, they should
send you a quote, telling you how much of a payout that
you can get. This will generally be substantially less
than the money that you are actually owed, but lump sum
payments always end up being about 30 or 40 percent
lower than taking payments over time. Plus, these
companies will include their fees in the amount that
they quote you, so that you don’t actually have to pay
them anything out of pocket. If you have a structured
settlement for $500,000 that is supposed to be paid over
ten years, you might end up getting a payout of $200,000
or $300,000 at best. However, that’s the price that
you’ll pay for selling a structured settlement. If you
need the money now, rather than later, it might be worth
it, though. All in all, it will come down to you
choosing what you’re most comfortable with. You might
find one company that works better for you, or one that
offers a higher payout. The situation will vary based on
each individual settlement, so you’ll have to shop
around and compare options.
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Structured Settlement : Tools |
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