Peachtree Financial Solutions is a highly rated structured settlement purchasing company, but they don’t really advertise well that they also do pre-settlement funding. You have to really dig in their site to find that page!
Do they have something to hide? We’ve dug through web reviews of Peachtree Financial Solutions to see what customers have said about their pre-settlement financing process. Here’s what we’ve discovered.
About Peachtree Financial Solutions
Peachtree Financial has been helping people with structured settlements since 1996, whether from a lawsuit, an annuity, lottery winnings, or a similar form of income stream. They also claim to have helped over 19,000 cases for pre-settlement or post-settlement funding.
That’s a long time in the industry, but if you’re seeking pre-settlement funding, you have to do a bit of hunting. The option isn’t in the upper navigation bar. As of July 2021, you’ll have to use their submit form and pick the bottom option, or scroll all the way down to the footer to the “Our Solutions” section to find the page.
Certainly, working with someone who already has a structured settlement is far less risky than offering pre-settlement financing. But if you’re going to offer it at all, you might as well make it bold!
How They’ve Helped
Peachtree Financial Solutions is owned by J.G. Wentworth, another company famous for structured settlement financing. As of 2011, a holding company holds the two companies and they operate independently of one another.
They really became known after Hurricane Katrina in 2005. This company was one of America’s main structured settlement purchasers helping victims of that natural disaster. They have also received many awards for litigation funding from the legal industry.
What Kind of Pre-settlement Financing Do They Offer?
According to the website and the reviews on Peachtree Financial, they do offer non-recourse financing for people with personal injury, premises liability, medical malpractice, and similar cases, much the same as we offer at High Rise Financial.
The loan range that we could find states you can get anywhere from $500 to $75,000 in financing. The company will not offer over 20% of the entire settlement amount minus legal fees.
However, they do not advertise their interest rates. While we saw nothing that looked like compound interest in the reviews, we think they could be more forthcoming about their interest rate range so people can compare companies.
What’s the Web Verdict?
Most of the reviews we could find were found on Consumer Affairs and Trustpilot, both trusted review sites. Most of the reviews are quite good, but there are a few customer complaints we found. Peachtree has reached out to many of them for further comment.
A big part of the complaints is how slow the process takes. Peachtree Financial seems to take their time studying cases before approving pre-settlement financing. We understand why they would do that, but when people are in an emergency a day can mean the difference between relief and eviction.
There are also complaints about interest rate and fee charges, but almost every company has a few of these. We encourage anyone planning to borrow pre-settlement financing to understand what the charges are if you win your case.
Our Conclusions and Disclaimer
Peachtree Financial Solutions is definitely a venerable company in this industry, but their focus is far more on serving structured settlement holders than pre-settlement funding. If you need cash quickly, you don’t want to wait too long for them to process your application!
However, if you are fine financially but expect you’ll need more money a few months down the road from your settlement, opening a conversation with Peachtree Financial Solutions could help you get the money you need.
All information about Peachtree Financial Solutions is accurate to the best of our knowledge as of July 2021. We encourage you to do your own research for newer reviews and check their website to see if any policies have changed.