Did you know that structured settlement companies usually take between 7% to 29%? If you are looking at selling your own structured settlement and recently came across the legal dispute between DRB Capital and Rightway Funding, and are now wondering if selling your settlement is a good idea or not, you are in the right place.
Keep reading to learn more about their agreement from the legal dispute they had.
Early Days of the Dispute
Early in 2019, DRB Capital announced that they had filed a complaint against Rightway Funding in Palm Beach County, Florida. They alleged that Rightway Funding was conducting unfair and unethical practices while they were trying to gain a competitive advantage.
DRB took the time to create a bounty program in the summer of 2018, called “Stop Structured Settlement Fraud” with a tip line that paid out awards up to $100,000 to those that came forward with information that proved violations of the business buying the structured settlement payment rights.
With this hotline, they received a few different tips about abusive and deceptive activities. They used these tips to move forward with their allegations and DRB also paid out some awards to those that called in.
Reaching a Resolution
Finally, after over a year of litigation DRB Capital, and Rightway Funding reached an agreement. They chose to join forces to fight against those companies that engage in deceptive practices instead of battling each other.
The CEO of DRB Capital, Jim Terlizzi said that they were happy to settle their dispute and work together to fight practices that harm consumers. The Managing Director of Rightway Funding said that their company was dedicated to having high standards, and they were looking forward to building their relationship with DRB Capital.
If you want even more details you can check out some more information right here.
What to Look for in a Company
Something that you want to pay attention to is whether or not the company has good customer service. When you are considering a company to purchase any future payments you want to pay attention to things like their customer service hours and if they have dedicated reps.
Depending on where the company is located they will have their hours available based on their time zone and this might not coincide with your time zone. If you want to make sure that you have someone to answer your questions during a time you are available double-check what time zone their customer service hours are in.
Feeling Like a DRB Capital and Rightway Funding Pro?
We hope that now that you know the ins and outs of DRB Capital and Rightway Funding’s agreement, you can make an informed decision whether to move forward with selling your structured settlement or not. The most important thing is to make sure that you go with a reputable company to ensure that you are not taken advantage of.
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