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As Americans, we have a tendency to think that bigger is better. We want the biggest cars, the biggest homes, and the biggest hamburger and French fry meals. But then again, we lament “big government” and we often criticize “big business” and “big box” stores, like Walmart. So which is it: is bigger better or not?
Well, bigger might be better in a paycheck or a comfortable bed, but not necessarily in business.
Let’s pause now to say who the biggest buyer of structured settlement payments is: the answer is that when it comes to a structured settlement JG Wentworth is the biggest. This company has purchased billions of dollars’ worth of structured settlement payments from people around the country. But why? Is it because they are better? No. It is because they advertise.
In fact, the CEO of the company itself admits that advertising is what made J.G. Wentworth huge. J.G. Wentworth is not only the biggest buyer in the business, but they are the biggest advertiser in the business. Their “It’s your money” advertising campaign has made them a household name. But their commercials say nothing about their customer service or advice, only their existence. Is that meaningful?
What’s more, you may be interested to know that the company who owns J.G. Wentworth purchased Peachtree in 2011; they began to run the company on their own but continued to market it as a separate company.
In 2012 they were sued for deceptive practices, as they were leading people to believe that they had options when really it was the same company operating under different names.
This practice continues as of the writing of this guide, so selling your structured settlements to Peachtree is the same as selling to J.G. Wentworth. That’s dishonesty.
Certainly size can tell you about experience, but it doesn’t tell the entire story. When shopping for the right company to sell your payments look for one that is big enough to meet your needs but also one that can offer you personalized attention and service.
Now, that being said, when it comes to selling a structured settlement JG Wentworth is not a bad buyer of structured settlement payments simply because it is large. This is a situation where size is not an indicator of value. The fact that they buy a lot of settlements is more testament to their pushiness, advertising tactics and aggression than ethics or customer service. Yet, you do want to choose a company that is large enough, and has been around long enough, to know the business, be able to fund your purchase, and be prepared to accurately advise you and represent you. So size is but one small factor to consider.
Strategic Capital is a big enough buyer of structured settlement payments to serve you, but small enough to give you the personalized service that you deserve. Strategic Capital, in fact, is one of the largest financiers in the private cash flow market, having bought more than 1.5 billion dollars’ worth of payments. And they did this without advertising. All with word of mouth. They have a good reputation and that is what matters.
When it comes to selling a structured settlement loan rates and size are not the only thing to consider, as you have read throughout this structured settlement guide. Call Strategic Capital now and see how we can help you make the best decision for your individual situation.