Litigation

This piece of uncensored "fan mail" for Peachtree Settlement Funding appears on the Rip Off Report (#424073), an online bulletin board which enables consumers to sound off about companies who they feel have wronged them.

"Paechtree (sic) is a ripoff and i will fight them till the end.

It all started April 2008 when my boyfriend he had some money from a structured settlement due to a injury and at the time we were going thru some rough times and we decided to go and try to get all at once. So the person that was helping us was Chris Bloshure and she was really nice at first helping us (you know like the kind of"kissing our a** nice")go thru (sic) the process, so what they do is schedule you a court date and provide you with a lawyer( who fee is 2,000 dollars) and our first court date was June 19 and the judge had approved that he could get it all, so we were really happy.

THEN like a week later we had to go to court again because it had to be approved in the county that the money was actually granted in. so then when went to court on AUG 19 there it was denied, yes we were angry, but we had come to grips with it, and once we thought about it he would be giving half his money to them assholes. SO then Chris called him & his mother and they had a conversation on the phone about how she was sorry that it didn't go thru (sic) and stuff and they were like that's okay we decided to leave how it is anyways its better in the long run. and so she was just saying that he had to pay the $500 advance back and we said that's fine!!!

THEN its feb 10th 2009 and i call my boyfriend insurance company because he's supposed recieve (sic) his first payment from them and they said it was so (sic) to peachtree and i said why. so i called peachtree and thesse (sic) b**ches got his money( but to keep you updated: i was unaware of this, no one contacted me in 6+ months ( i mean no letters, no nothing)oh yeah but i (sic)  stupid birthday card. so i call and i told why is this happening if it was denied we don't want it that way and they tell me that it can't be reversed so now i'm in a battle with them and lisa doug dana and chris is VEr y rude and acted very unprofessiona (sic)

Irieckasharris
corsicana, Texas
U.S.A"

(underlines added for emphasis)

Comments

I invite Peachtree Settlement Funding to respond to this with their version of this story.  It is not clear whether the $500 "advance" was paid back, but clearly this woman does not have a warm and fuzzy feeling about them.

One wonders whether the issue cited to February 10, 2009 refers to a servicing agreement and that the life company was referring queries to Peachtree as servicer.

The emphasis above was placed to underscore the possibility that people are not seeking independent financial advice before going to cash now pushers like Peachtree Settlement Funding. Selling your structured settlement payment rights is not illegal, but it is a decision that can have long term consequences.