About Imperial Structured Settlements
Similar to JG Wentworth and Peachtree Settlement Funding, Imperial Structured Settlements is a financial company that claims to purchase future payments related to structured settlements and annuities, and turn them into one lump sum. The company claims to have helped thousands “get control of their money,” and to “help you get ahead, end your financial worries while delivering impeccable customer service.”
Imperial Structured Settlements is owned by DRB Capital based out of Boca Raton, FL, and has been in business since 2007. The company holds an A rating with the Better Business Bureau, based on just five closed complaints over the past three years. Despite this, online reviews appear to be few and far between, though we did read one complaint that referenced high interest rates.
How Imperial Structured Settlements Works
Imperial Structured Settlements “can help you convert your future income to current day cash” as relates to structured settlements and annuities. Whether you’re looking to sell all of your future payments or just a portion, the company claims that your account executive will help you determine how much you need to “resolve your current circumstances.”
Imperial Structured Settlements claims to have a “nationwide staff of representatives in every state” to help you through the process, which is claimed to occur over three steps:
- Contact the company via phone or online form.
- Receive a quote, and be assigned a dedicated account executive, who will answer all of your questions.
- Convert you future income into cash.
According to the company’s website, the overall time related to your case can vary, though it’s possible to receive your lump sum in less than 45 days.
Imperial Structured Settlements Pricing
You can receive a free, no-obligation quote by contacting Imperial Structured Settlements at 866-744-9935 or via an online form. There are no prices or fees listed on the company’s website, though industry averages range between 10% and 20%.
- Claims to purchase future payments related to structured settlements and annuities, and turn them into one lump sum.
- Can have your money in less than 45 days.
- A rating with the Better Business Bureau.
- Very few online reviews to gauge customer satisfaction.
Bottom Line – Should you use Imperial Structured Settlements?
Based on our research, Imperial Structured Settlements might be a strong option if you’re looking to cash out future payments related to a structured settlement or annuity. However, there is a lot of competition out there, so be sure to research all your options to find the best fit.
However, keep in mind the following:
As mentioned here, Imperial Structured Settlements has been in business a relatively short time, at least when compared to the competition. But regardless of which structured settlement lender you ultimately choose, nearly all of them will charge you high fees and/or interest rates.
“Lump sum payments always end up being about 30 or 40 percent lower than taking payments over time. Plus, these companies will include their fees in the amount that they quote you, so that you don’t actually have to pay them anything out of pocket. If you have a structured settlement for $500,000 that is supposed to be paid over ten years, you might end up getting a payout of $200,000 or $300,000 at best.”
In addition, it’s been noted that “Imperial charges among the highest interest rates to its customers in the industry, often above 20 percent a year,” and “courts have [even] denied Imperial's requested transfers because its offered price was not "fair and reasonable".” With all of this in mind, you may want to choose a settlement purchaser that has been in the business longer than Imperial Structured Settlements, and one that charges lower fees.