Fairfield Funding - Structured Settlements
Fairfield Funding is a seven year old company that focuses exclusively on buying and selling structured settlements. Located in Atlanta, GA, they offer more consumer resources than many of the other structured settlement companies we've reviewed. When combined with their positive reviews and easy to understand website, it is clear why they are one of our top structured settlement companies.
Structured settlements are a schedule of payments made to you by another party, usually resulting from a lawsuit or injury. It is important to consult with a qualified financial advisor or planner before selling your structured settlement so that you can be sure how doing so will impact your financial future. Structured settlements are complex and selling them can be more difficult than other types of financial transactions.
Fairfield Funding's website is clear and easy to operate. You are greeted by a live chat operator upon logging on, and, unlike most other structured settlement companies, they offer a calculator on their home page to help you get an idea of how much you will be paid for your structured settlement. This is an added benefit and one of the key factors in making them one of our best structured settlement companies.
It is important to note that there are some kinds of structured settlements that cannot be sold. While this list various in different states, it can broadly be stated that structured settlements resulting from worker's compensation, child support, divorce payments, IRA payouts, pension payments, and retirement funds cannot be sold.
Moreover, because of the nature of structured settlements, there are extra steps that you have to go through in order to sell them. One of the most important differences is that you will need a judge to approve the sale of your structured settlement or annuity. Also, depending on your state, you may need to retain an attorney in order to sell your structured settlement or annuity. As a result you will incur additional costs in the process.
Another important consideration is that you will not receive the full value of your structured settlement or annuity from Fairfield Funding or any other structured settlement company. They will buy your structured settlement or annuity at a discount rate, which is how the company makes money. They can then sell your structured settlement to someone else at a higher value than they paid you, but a value lower than your structured settlement, ensuring that the investor makes a return. Because structured settlements can be an individual's primary source of income, it is vital that you consult a financial advisor or planner before selling your structured settlement or annuity to ensure that you fully understand the consequences of risks of the sale.
Fairfield Funding has a solid block of good reviews, a useful calculator tool to give you an idea of how much money you can receive, as well as a clear, easy to understand website, they rank among our top structured settlement companies. Go to their website to calculate a potential quote or get in touch with them if you are considering selling your structured settlement or annuity.