Factoring companies purchase structured settlements from people like you who may need to cash out their future payments early in exchange for cash now.
A structured settlement buyer, also referred to as a factoring company, purchases all or a portion of structured settlements. Buyers including CBC Settlement Funding can often provide an immediate lump sum of cash in return for the right to your future payments.
Our company exchanges many types of guaranteed payments for lump sum advances, including:
- Personal injury settlements
- Insurance settlements
- Annuity payments
- Lottery payouts
Structured settlements were first created in the 1970s to help people receiving personal injury settlements and wrongful death lawsuits better manage their money to secure a long-term financial cushion. Structured settlements increased in popularity the following decade when Section 104(a)(2) of the Internal Revenue Code and the federal Periodic Payments Settlement Act of 1982 were released. Together, they ensured personal injury and wrongful death settlements were tax-free.
The Structured Settlement Purchaser’s Role
Selling a structured settlement is a legal process a judge must approve. If the client chooses to move forward with the sale, their application paperwork will be used to file a claim in their state court. CBC Settlement Funding uses a seasoned legal team to make this process as easy as possible, explaining the court proceedings along the way. If you choose to have an attorney represent you during these proceedings, our lawyers will also happily coordinate with your attorney.
Finding The Best Structured Settlement Company
A quick internet search will show there are a plethora of options when it comes to selling your structured settlement annuity. But sellers beware — some of these factoring companies are not as trustworthy as they appear.
The best structured settlement companies will have:
- An excellent rating with the Better Business Bureau
- Few or no complaints with your local Attorney General’s office
- Few or no complaints on Yelp and other online rating services
- Free quotes for your structured settlement or annuity
- Quotes offered in writing
- Competitive discount rates
- A reputation for excellent customer service
- No hidden fees
- Resources and staff to answer your questions and explain the sale process
- Account managers who don’t pressure you into making a quick decision
CBC Settlement Funding is proud to be a legitimate and longstanding structured settlement payment purchaser. We have been in business close to 10 years and have garnered a reputation for excellent customer service. The Better Business Bureau rates CBC Settlement Funding with an A+.
We understand what an important decision this is, so we always recommend our prospective clients to consult with their attorney or financial advisor prior to deciding on CBC Settlement Funding. If you or your attorney have any additional questions, our customer representatives are always available to you.
Choosing CBC Settlement Funding as Your Buyer
As a trusted structured settlement buyer in the secondary annuity marketplace, CBC Settlement Funding can provide you with a lump sum cash advance for all or part of your structured settlements. We offer several different options, and our customer representatives are always happy to answer your questions or provide a free quote.