You Can’t Believe Everything You See on TV
Peach Holdings, the parent company of Peachtree Settlement Funding, recently had its credit rating evaluated by Standard and Poors as “CCC.” According to the Standard and Poors rating system, this means that Peachtree Settlement Funding has “extremely vulnerable financial security” and has a “questionable ability to meet obligations unless favorable conditions prevail.”
What does this mean for those seeking to sell their structured settlement or annuity payments for a lump sum? It means that choosing a structured settlement company has become something that must be more carefully researched and weighed–finding a company that will deal with you honestly and honorably is essential.
Does Peachtree Settlement Funding Engage in False Advertising?
It’s been asserted before that Peachtree Settlement Funding engages in false advertising. According to John D. Darer, the blogger who writes the Structured Settlements 4 Real blog,
Peachtree Settlement Funding is the “cash now pusher” infamous for falsely advertising “all your money now” and for jacking up Florida woman Patricia Chambers for a 41.73% effective discount rate in March 2007 (and submitting the petition to a judge with a straight face).
The issue that Mr. Darer has with Peachtree’s advertising practices stems from its use of the phrase “Cash Now” in its radio and internet advertising. Mr. Darer asserts that this can hardly be correct–the settlement factoring process is far from immediate.
More Advertising=Higher Rates?
It makes sense that a company in such a financial predicament would increase its advertising budget. After all, adveretising is one effective method to increase leads. But where does the revenue to pay for increased advertising come from?
The obvious answer is that this revenue comes from YOU, the structured settlement client. More advertising means less lump sum cash for your periodic payments.
That’s not something you have to deal with when you go to a company like RSL Funding, LLC. RSL Funding is not a broker. As a principal, they close the transaction with their own money. While other settlement buyers sell your settlement or annuity – leaving you to deal with a third party collecting your settlement – RSL Funding remains responsibile throughout the life of the transaction, ensuring that the court’s rulings are honored and that proper divisions of money occur.
Their expertise and creativity let them find solutions at NO COST to you. Visit the RSL Funding website at http://www.rslfundingllc.com/, or call them at 800-543-6513, and start dealing with an honest structured settlement company today.
