Litigation

Challenging Peachtree Settlement Funding's "Unparalleled Level of Professionalism"

By John Darer

Cash Now Pusher Peachtree Settlement Funding says:

"Our Peachtree team is dedicated to learning about your unique situation, and tailoring your lump sum payment to meet your needs. Our access to funding will ensure that you get access to your future funds with the cash you deserve. We know that people like to learn about us in different ways, and we want you to feel confident and comfortable in working with us". 

"Backed by an unparalleled level of professionalism and unmatched experience in institutional financing to the "cash flow" market, Peachtree has become a leader in the marketplace".

In denying a petition to factor structured settlement payments to Peachtree, the Pennsyvania Court of Common ruled April 7, 2009, in the matter of "In Re:  Anne G. Jenkins, No. 2090 C-1044 that Peachtree's terms were "unreasonable and unfair" (effective discount rate of 26.33%!) More notably the standard "level of professionalism" from "the leader in the marketplace"  was met with Court concerns about:

Payee's lack of employment

Lack of established record of employment

The payee didn't even know the amount of her monthly rent 

Already on thin ice for promoting "cash now" and falsely advertising that payees could receive "ALL their money now", shouldn't we be thanking Peachtree Settlement Funding for revealing what they apparently believe constitutes "unparellaled levels of professionalism"? Peachtree Settlement Funding certainly makes it easier to make the case to Federal and state regulators and attorneys general, that structured settlement recipients need greater protection from such financial

  and their ilk.

Full post as published by Structured Settlements 4Real on May 06, 2009 (boomark / email).