Structured Settlement Factoring is an industry that grew from a consumer need to change the terms of their settlement payment streams. Quite simply, life happens, and circumstances change. People with settlement verdicts and payment streams may need cash.
Factoring companies assist sellers by supplying cash for their payments. The factoring companies are specialty finance companies who apply a discount rate to the future payments and make a ‘cash now’ offer to sellers. They profit by re-assigning those future payment streams through agents like AnnuityAce to individual buyers, like you.
The process can seem mysterious to those who are unfamiliar with it, so we have assembled several videos produced by 2 different factoring companies that help to explain the process. Both are interview style, but directed to prospective sellers of payments.
We hope this helps for you, our client, to understand what the other human being in the transaction might be dealing with, and to dispel misconceptions about this marketplace.