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October 04, 2007

Removed Sim Card Skins Peachtree Settlement Funding

Peachtree Settlement Funding got excoriated by ex-employee Joe Simmons on the website of online consumer advocate "The Rip-Off Report" Download RIPOFFPT-Peachtree.pdf

While much of the letter speaks for itself, there are some interesting points to observe:

  1. Peachtree purportedly will not do a deal for less than a 19.99% discount rate;
  2. Peachtree purportedly continues to harass those who say "no" (i.e do not want to sell structured settlement payment rights, or sell them to Peachtree). Simmons states "if you decide to not do a transaction with them, they will constantly call you and harrass you until you finally do a deal with them. Even if a customer demands to have no more phone calls, the employees are forced to tell customers to send in a letter. Even if a customer does send in a letter they do not remove your phone number from the system and they will constantly call you".

While one surely has to discount some of the content of the letter as the rantings of a disgruntled former employee, there may be some value to his "whistleblowing". It certainly pays to shop around. If what Simmons says is true (about the 19.99%) why would ANYONE do business with Peachtree when more competitive deals abound?

Posted at 03:26 PM in Factoring Company Bad Business Practices, Peachtree Settlement Funding, Structured Settlement Factoring, Structured Settlement Transfers |

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Guide to Structured Settlements 2023

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    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
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Qualified Settlement Funds

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