Structured Settlement Top Companies

Top Companies: This Week's Reviews

J.G. Wentworth
40 Morris Avenue
Bryn Mawr, PA 19010
866-386-3102
www.jgwentworth.com
Services Offered: Structured settlement payments
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.
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.
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.


Stone Street Capital
7316 Wisconsin Ave
5th Floor
Bethesda, MD 20814
800-586-7786
www.stonestreet.com
Services Offered: Structured settlement payment
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.
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.
User Review:


Sovereign Funding Group
10430 Fair Oaks
Columbia, MD 21044
877-836-4461
www.sovereignfunding.com
Services Offered: Structured settlement payments
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.
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.
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.


Patriot Settlement
2799 N.W. Boca Raton Blvd.
Suite 111
Boca Raton, FL 33431
888-306-2187
www.patriotsettlement.com
Services Offered: Structured settlement payments
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.
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.
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.

STRUCTURED SETTLEMENT LOANS

If you have won a lottery, a personal injury lawsuit, a wrongful death suit, or workers' compensation case you’ll be awarded a large sum of money and your payment will surely be set up as a structured payout. But instead of having your payments stretching over twenty years you’d like to have a lump sum of money right away especially when you have problems like an unplanned emergency or job loss, need to pay college tuition or purchase a business or a new house or just have to pay off some debts.  But what if you don’t want to sell your structured settlement? Settlement loans (both post-settlement and pre-settlement) can be a lifesaver.

These loans are provided by structured settlement companies and you make future loan repayments with the interest applied to the loan principal according to terms.  You don’t have to risk your assets for the loan, you don’t have to concern yourself with background checks, employment and credit history or even how you’ll have to repay the loan because your settlement structure acts as the collateral. However, it must be taken into account that court approval must be obtained and when you apply for a pre-settlement lawsuit loan the lender company must review documents regarding your case and speak with your attorney so it may take about 90 days for the loan to be processed and funds distributed. Also lenders will provide the loan based on a percentage of the actual settlement and typically this will be somewhere between 70% and 90%.

Have a structured settlement and need a loan? We've put together a list of structured settlement loan companies.
Think you may sell your structured settlement payments? Consider these points?
Trying to find structured settlement companies that seem legitimate? Check out the list we've researched.
Learn more about the secondary structured settlement market.
This type of loan can even be obtained during a pending lawsuit and is known as Pre Settlement Funding, pre-settlement loan or lawsuit loan. The plaintiff can obtain the loan before the case is finally resolved and if he doesn’t win the lawsuit, he doesn’t have to repay the monies advanced. If he does win the lawsuit, he repays the original settlement loan amount together with fees assessed due to the lawsuit’s inherent risk.

Like any other type of loans structured settlement loans have their cons and pros too.

The main benefit of this loan is that you get your money right away to solve some urgent issues. Moreover, you are protected against future inflation, or you may even have enough money to invest into a business or stocks with possible solid returns. You will also have to pay comparatively low interest payments. But on the other hand you’ll get your money at a discount (minus a percentage, as lender companies give out loans to make a profit). Also, if you don’t manage your money reasonably and start “enjoying” the lump sum of money you have got in your hands, you may end up being broke.

So, if you need your money right away and are OK with these disadvantages, a structured settlement loan is possibly your best option.

Structured Settlement

A Structured Settlement is a negotiated financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving some part of the settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a structured settlement can be offered by the defendant or demanded by the plaintiff. Ultimately both parties must agree on the terms of settlement. Structured settlements were first utilized in Canada after a settlement for children affected by Thalidomide.[1] Structured settlements are widely used in product liability or injury cases (such as the birth defects from Thalidomide). A structured settlement can be implemented to reduce legal and other costs by avoiding trial.[2] Structured settlement cases became more popular in the United States during the 1970s as an alternative to lump sum settlements.[3] The increased popularity was due to several rulings by the U.S. Internal Revenue Service (IRS), an increase in personal injury awards, and higher interest rates. The IRS rulings stated that if certain requirements were met, claimants would owe no Federal income tax on the amounts received.[4] Higher interest rates result in lower present values, hence lower cost of funding of future periodic payments. Structured settlements have become part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Structured settlements may include income tax and spendthrift requirements as well. Often the periodic payment will be funded through the purchase of one or more annuities, which generate the future payments. Structured settlement payments are sometimes called periodical payments and when incorporated into a trial judgment in New York, is called a "structured judgment"[5]