Entering into an agreement with structured settlement buyers can be a nightmare, but if you choose a company with a stellar reputation, you can avoid setbacks, delays, hidden costs, and lots of aggravation.
Steer clear of companies that spend more on advertisements than assisting their customers with getting the most money for their structured settlement. Past customers of major structured settlement buyers are using various online forums such as RipOffReport to sound off about their treatment and the companies’ sometimes unsavory business practices. Here are just a few tactics the companies have leveraged.
They prey on people who are in desperate situations.
Many people who need a lump sum of cash often need it because they’ve found themselves in dire circumstances. Perhaps an unexpected medical emergency has left a mountain of debt, or the structured settlement cash payments aren’t enough to keep them out of foreclosure. Many annuitants are looking to sell their payments because they’ve been seriously injured or incapacitated, physically and/or mentally, and often unable to fully understand the contract they are entering into. Regardless of why people find themselves in desperate need of cash, some structured settlement buyers like JG Wentworth will buy a structured settlement, even when it isn’t in their customer’s best interest.
RSL Funding has experience working with people from all walks of life, and will discuss available options with every customer, less any ulterior motives. In fact, RSL Funding has earned an A+ rating with the Better Business Bureau.
The amount agreed upon in the contract is not what was deposited into the customer’s bank account.
Even if a customer fully understands the agreement they are entering into with their structured settlement buyer, companies like Stone Street Capital can promise a certain amount of money, then fall short when depositing the funds in seller’s account. Even if you have the original contract, good luck with getting someone to return your phone calls and emails to correct the mistake.
They promise a fast, stress-free process, and take forever to deliver.
JG Wentworth’s “it’s my money, and I need it now!” has become the battle cry for many of people who want fast cash for their structured settlement payments. Though they may lead you to believe that a lump sum of cash is just a phone call of way—simply put, it’s not. Once you start doing the research, you’ll discover that the entire process will take several weeks to a few months to complete, no matter which company you work with. Previous customers of major structured settlement buyers have been strung along for months, hitting arbitrary roadblocks, waiting to proceed.
Their lawyers cancel court dates or won’t show up.
Structured settlement buyers are most often required to send an attorney to accompany you to appear before the judge to arrange the final terms of the payout process. But oftentimes, major companies have no problem letting sellers fall by the wayside. They will ask for extension without providing notice or they might cancel court dates altogether. It is not unheard of for sellers to wake up early, take a day off of work, or hire a sitter only to show up to the courthouse and learn today was not their day with no advance notification.
Preferred Structured Settlement Buyer
Some structured settlement buyers simply refuse to take responsibility for the predicaments they put their customers in. Whether it’s shorting you on the total amount owed or asking the judge to change the court date without notifying you, nobody deserves lousy treatment when selling structured settlement payments. Fortunately, you have the option to choose RSL Funding as your preferred structured settlement buyer. Our agents are available to ensure you get the most money for your structured settlement or annuity with the least amount of hassle. When you’re ready to begin the selling process, contact RSL Funding by giving us a call or requesting a free quote.
