What’s a Structured Settlement, and How Do You Pick the Right Company?
If you’ve recently won a lawsuit or settled an insurance claim, you might have heard about “structured settlements.” But what are they, and how do you choose the right company to handle them? Don’t worry—we’re here to explain it all in a simple way so you can make a smart decision.
What Is a Structured Settlement?
A structured settlement is like getting your money in parts instead of all at once. Instead of one big payment, you receive smaller amounts over time. This setup helps people manage their money better and avoid spending it too quickly.
For example, let’s say you were awarded $500,000 after an accident. Instead of getting it all at once, you might get payments every year for 20 years. These payments can help you pay for things like medical bills, school costs, or daily expenses.
Now that you understand the basics, let’s check out some of the top companies in the U.S. that can help you with your structured settlement.
Best Structured Settlement Companies in the USA
1. J.G. Wentworth
- Who They Are: J.G. Wentworth is a big name in the structured settlement world. You’ve probably heard their famous jingle: “It’s my money, and I need it now!” They’ve been around since 1991.
- Why People Like Them:
- Lots of experience—they’ve been helping people for over 30 years.
- Great customer service—they guide you every step of the way.
- Fast payouts—perfect if you need money quickly.
- Things to Consider: Selling your settlement can mean you’ll get less than the full value. Make sure you understand the deal before you agree.
2. Peachtree Financial Solutions
- Who They Are: Peachtree is part of J.G. Wentworth and focuses on buying structured settlements and annuities.
- Why People Like Them:
- They offer personalized service to match your needs.
- They make the process easy to understand.
- Things to Consider: They’re great for selling settlements, but not for managing them.
3. Fairfield Funding
- Who They Are: A smaller company that helps people sell structured settlements and annuities.
- Why People Like Them:
- No hidden fees—they’re upfront about costs.
- Fast processing—they can get your money in about five days.
- Friendly customer service—they really care about their clients.
- Things to Consider: Since they’re smaller, they might not have as many resources as larger companies.
4. Stone Street Capital
- Who They Are: Stone Street Capital has been around for over 30 years, helping people sell settlements, annuities, and lottery payments.
- Why People Like Them:
- Trusted reputation—they’ve been in the business a long time.
- Flexible deals—they work with you to create a plan that fits your needs.
- Things to Consider: They focus more on buying settlements than managing them.
5. DRB Capital
- Who They Are: DRB Capital offers financial solutions like buying structured settlements and annuities.
- Why People Like Them:
- Fast and easy process—they’re quick to get things done.
- Competitive offers—they often pay more than others.
- Things to Consider: Even if their first offer sounds good, compare with other companies to make sure you’re getting the best deal.
6. CBC Settlement Funding
- Who They Are: CBC helps people turn their settlements into cash.
- Why People Like Them:
- They explain all your options clearly.
- Great customer service—they’re known for being helpful and kind.
- Things to Consider: Selling your settlement means you’ll get less money in the long run. Make sure it’s the right choice for you.
7. RSL Funding
- Who They Are: A Houston-based company that buys structured settlements and annuities.
- Why People Like Them:
- They often offer better rates than bigger companies.
- They provide more personal attention since they’re a smaller firm.
- Things to Consider: Smaller size means they might not have the same resources as larger companies.
How to Pick the Right Company
Before you decide, keep these tips in mind:
- Check Their Reputation: Look for companies with good reviews and a solid history.
- Understand the Fees: Stay away from companies with hidden costs.
- Ask About Speed: If you need money fast, find a company known for quick payouts.
- Good Customer Service: Choose a company that’s easy to work with and answers your questions.
- Compare Offers: Shop around to find the best deal for your settlement.
FAQs
- Can I sell part of my structured settlement?
Yes, you can sell just a portion of your payments and keep the rest. - How long does it take to sell a settlement?
It usually takes 30 to 45 days, but some companies can do it faster. - Are there tax implications?
Most structured settlement payments are tax-free, but check with a tax expert before making any decisions.
Final Thoughts
Structured settlements are a great way to ensure steady income, but choosing the right company to work with is essential. Companies like J.G. Wentworth, Peachtree Financial, and Fairfield Funding are great options, but the best choice depends on your needs.
Take your time, ask questions, and don’t rush into any decisions. With the right company, you can make the most of your structured settlement and enjoy peace of mind!
Contact Details of Structured Settlement Companies
| Company Name | Phone Number | Email/Contact Form | Website |
|---|---|---|---|
| J.G. Wentworth | 1-877-227-4713 | info@jgwentworth.com | jgwentworth.com |
| Peachtree Financial | 1-866-931-1247 | info@peachtreefinancial.com | peachtreefinancial.com |
| Fairfield Funding | 1-888-943-8637 | contact@fairfieldfunding.com | fairfieldfunding.com |
| Stone Street Capital | 1-800-586-2274 | info@stonestreet.com | stonestreet.com |
| DRB Capital | 1-877-894-4541 | support@drbcapital.com | drbcapital.com |
| CBC Settlement Funding | 1-877-386-3377 | contact@cbcsettlementfunding.com | cbcsettlementfunding.com |
| RSL Funding | 1-800-543-6513 | info@rslfunding.com | rslfunding.com |
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