CBC Settlement Funding - Structured Settlements
CBC Settlement funding was founded in Conshohocken, PA in 2004, and is a company that specializes in structured settlement products. This includes buying and selling structured settlements, as well as offering loans in certain instances if you are waiting for a settlement to be finalized.
Selling a structured settlement is more complicated than other types of transactions, and you should be sure to fully understand the implications and consequences of selling your structured settlement on your financial future before deciding to do so. Talking to a qualified financial advisor or planner is a great way to make sure you fully understand the effects of selling your structured settlement or annuity.
The CBC Settlement Funding website has a sleek, modern look. It is fairly well laid out, and you can quickly access whatever information you might be looking for. Like most structured settlement companies, CBC Settlement Funding does not have information about rates or fees directly on their website, but there is plenty of opportunity to provide some information and request a quote. The website breaks the sale process down into 5 easy to understand steps, which is helpful in understanding the complicated market regulations surrounded structured settlement sales.
One of the reasons that selling a structured settlement is so complicated is that they are court mandated payments. One result of this is that a judge must approve any sale. Additionally, these sales are regulated at the state level, so each state will have different laws and regulations regarding your structured settlement. For example, in some states you need to hire a layer in order to sell your structured settlement, which is an added cost to the transaction.
Furthermore, there are some types of structured settlements that the company may be unable to purchase. You should contact CBC Settlement Funding with questions about your specific case, but in general these settlements include pensions, divorce or child support payments, retirement funds, worker's compensation claims, and IRA payments.
Finally, it should be noted that you won't receive the full value of your structured settlement. This is not unique to CBC Settlement Funding, as it is how structured settlement companies generate a profit. They will pay you what is known as a discount rate. This is a percentage below the full value of your settlement, and works like an interest rate in that it is how the company makes a profit on the transaction. This is a reason it is important to talk to a qualified financial advisor when you are considering selling your structured settlement or annuity.
CBC Settlement funding has been in business for 13 years, and they don't seem to be going away. They have decent reviews, with some customers complaining about transaction times. Their website is easy to use and breaks down the process and the benefits rather well. They are a good place to get information or at least a quote when you are considering selling your structured settlement or annuity, and their product which allows you to get money against a future settlement is not offered by all structured settlement companies, giving them a unique edge.