• Report: #715230

Complaint Review: peachtree settlement funding

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  • Submitted: Thu, April 07, 2011
  • Updated: Tue, September 13, 2011

  • Reported By: Leigh — pittsburgh Pennsylvania United States of America
peachtree settlement funding
3301 quantum boulevard boynton, Florida United States of America

peachtree settlement funding Fraud, Ripoff and misleading boynton, Florida

*Consumer Comment: Whenever I see ads from any of these "settlement funding" companies

*Consumer Comment: contact me

*Consumer Suggestion: Peachtree settlement funding company abused the disabled

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Peachtree is company that is a big time ripoff. My Husband went to them to sell part of his annuity and was told by peachtree that they would handle his case. He was told he had to go to court and it had to be approved by a judge. Peachtree wrote up the paper work on what he would receive from their company minus the legal fees 1200.00,administrative fees plus life insurance fees 5000.00 dollars. Well once we went to court and the attorney that represented Peachtree felt that the judge was not going to grant the approval he then ask the judge could he not make his decision right away the judge said yes he would take a few days. The laywer contacted Peachtree and they told him that they were willing to waive the lawyers fee's and that he needed to fax that information to the judge soon as he got back to his office the laywer told us that amount would be added to my husband's settlement but of course Peachtree claims they have no knowledge of that but they were going to waive half of the lawyers fees. The paper work also stated and was discussed in court be the judge that my husband was settling his annuity for 10 years and that he would still receive a portion of his annuity each month. Well Peachtree received two payments for Feb and March of 2011 and my husband has yet to receive his portion. Not only that he only receive part of his money from Peachtree he is still awaiting a few thousand dollars they claim that they put that money in escrow until they received his first payment from his annuity company this was never discussed in all the conversation that we had with Neil from Peachtree. Well guess what they received two payments and not only did he not receive the rest of the money Peachtree owe him but he still have yet to receive the two payments for Feb and March. My husband called his annuity company on 4/4/2011 and was told that he annuity payments were being sent to peachtree for the full amount and that he was not to receive any other monthly payment from them according to the paper work they received until the 10 year period was done. He called Peachtree and spoke to Neil who handled his account and was told that his payments each month would be coming from Peachtree because the annuity companies don't like to send out to separate checks one to Peachtree and one to my Husband. Well my husband told Neil that he have yet to receive the remaining portion from the settlement let alone the partial monthly portion that was agreed upon. Neil stated that they received the payment the end of March and he should get his partial payment three days later. This is 4/7/11 and still no partial payment nor the money they claim was put into Escrow until they received the first check from the annuity company. My husband is contacting a laywer and going back to the judge that awarded the settlement to obtain the transcripts. Please people do not deal with this company. I tried to discourage my husband because you take more of a loss than what you gain out of the deal and look at him he is still waiting on his money. Now all were getting from this company is the run around but were not done with them yet we have only just begun our fight back.

This report was posted on Ripoff Report on 04/07/2011 05:50 PM and is a permanent record located here: http://www.ripoffreport.com/r/peachtree-settlement-funding/boynton-Florida-33426/peachtree-settlement-funding-Fraud-Ripoff-and-misleading-boynton-Florida-715230. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 3Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Whenever I see ads from any of these "settlement funding" companies

AUTHOR: Ken - (USA)

I say to myself, what a great idea (sarcasm), sell your annuity and then wonder what you'll do when your structured income is gone.   Nice to pay some bills and maybe get a different car, but your usual income is now GONE.

Another poster blames the company for discriminating against the disabled.  Maybe, the mentally challenged. The BBB gives this company a good rating. Note I have never and do not now have any business relationship with this company...I'm happily retired.

Nobody can help you now, you're fully responsible for your situation. 
You can't take the representatlives word for what is happening, it's ALL in the WRITTEN contract, which ALWAYS takes precedence over any verbal agreement.

Sorry for your misfortune(s).
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#2 Consumer Comment

contact me

AUTHOR: madman - (United States of America)

contact me at brandon212164@yahoo.com
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#3 Consumer Suggestion

Peachtree settlement funding company abused the disabled

AUTHOR: jonathan - (United States of America)



I am a disabled person that got some money from a injury and thought it would be a good idea to pay off some outstanding debts. However, after I dealt with this company I became more in debt and lost everything. I am disabled from a massive gun shot wound to the back of my head. I don't even remember how theyio got all my money. I am still waiting for the money they said they would send me and that has been info 2005. I am looking to file a classaction lawsuit with anyone that has had the same issues with this company. I pray that these people that prey on the weak get their due justice in court. This is the worst case of theft I have ever seen and fraud should be their middle name. Last name: Devils! Contact me to file with me against this company. Let's work together to end this practice of lies, theft, fraud, misleading, corruption evil traps and hellish conquest to defraud the weak and disabled. Join me! Can anyone contact me please!
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