 |
 |
 |
 |
HOME | |
ABOUT US | |
PRESS ROOM | |
CAREERS | |
CONTACT US |
| Company Divisions | |
|
||||
|
||||||
|
||||||
| Peachtree Settlement Funding Enhances Its Annuity Purchase Programg Boca Raton, Fl., January 9, 2006-Peachtree Settlement Funding ("Peachtree") is proud to announce an increased emphasis and dedication to their annuity purchasing. Thousands of individuals own annuities and have the financial need to access those future funds today. Recent economic variables have increased the financial hardships on the average American. Interest rates are on the rise. The federal government increased interest rates 12 times last year, and the experts say rates are still expected to rise. Media reports and economic indicators show the real estate boom may be slowing. Bankruptcy law changes implemented last October now make it more expensive and complicated to file for bankruptcy. American consumers now owe about $1.7 trillion in credit card and other debts. Peachtree's Director of Structured Settlements, Deborah Benaim, said, "The household debt ratio is at an all time high and consumer debt has doubled over the last decade. Even a gallon of gas costs more than it did one year ago." A change in someone's life circumstances may mean they need more financial flexibility and faster access to future funds. Peachtree can help individuals meet their financial needs by purchasing their annuity for a lump sum of cash. Peachtree executives have noticed a trend of annuity sales for a multitude of reasons including, paying down debt, meeting medical expenses and fulfilling business opportunities. As a result, Peachtree has increased the size of its structured settlement and annuity-purchasing division in order to handle higher demand. Peachtree recently announced it exceeded the two billion dollar mark in committed financing. This accomplishment further substantiates Peachtree's continued growth and strong financial support from the capital markets. About Peachtree Settlement Funding Peachtree Settlement Funding is a specialty factoring company, which allows recipients of future cash flows to obtain an immediate lump sum in exchange for all, or a portion of, those future sums. Peachtree is the nation's leading specialty factoring company and caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards and life insurance policies. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $2 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on under-served markets. For further information you may contact our Public Relations Manager, Greg Meyer, at 866.274.6534 or at Gmeyer@lumpsum.com |
||||||
|
|
| © Copyright 2006 Peachtree Settlement Funding | Terms of Use | Privacy Policy |