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Get to know Kristin Fullem!

Get to know Kristin Fullem!

 Your Annuity Expert! Kristin Fullem has utilized her client service expertise and structured settlement knowledge on behalf of Fairfield Funding for over 2 years, working diligently as an annuity expert. Having helped over 500 customers reach their financial desires already, Kristin continually proves that hard work and maintaining high quality levels are keys to success at Fairfield Funding. Here is a further look into the life of Kristin, from work and her career to her personal life. …On her fundamental responsibilities as an annuity expert at Fairfield Funding: The most important thing Kristin deals with is client management; this includes answering questions, keeping track of files, and much more. There is constantly a heavy stream of paperwork with each client file that she must tend to as well. And, of course, it is crucial to be knowledgeable about the process of buying structured settlements and handling annuities. …On one of her most rewarding aspects of her job:        As Kristin looks back at all of the customers she has helped, one of her favorite stories took place only a few months ago, when she helped get a couple get the finances they needed so they could get out of debt. They used the money to cover hospital bills and even buy a house. She finds that helping people “get back on their feet” is truly rewarding and fulfilling. …On her college experience: Kristin went to Georgia College and State University (GCSU) in Milledgeville, Georgia, where she majored in Economics. She also pursued a minor in Management. Looking back, Kristin says the tools she learned in her management classes have been...

The Structured Settlement Protection Act

In 2002 an act was created to protect people who were awarded a structured settlement. Basically, the act states that anyone wanting to sell a structured settlement has to go before the state court to be approved. Essentially the transaction has to be approved and signed off by a judge. Some states require you attend the court hearing and some states don’t. After the act became in affect it was implemented that the insurance company who issued the structured settlement would also be notified of the transfer of payments before the judge signs off the transfer. Whoever is selling the structured settlement must acquire an attorney as well. If you are selling your settlement is best to go through a factoring company to take care of all documents and court cost which is usually included in your quote. Under this act it is also a requirement to follow a legal proceeding, beginning with the acknowledgement of the disclosure, contract signing after the state requirement waiting period, and court hearing (some stated don’t require you to be present). It is crucial for a factoring company to go over all possible options regarding your payment stream. It is best to go with a company that has your best interest in mind. Some states also require a person to get and IPA letter, which means independent professional advice. This is only in the best interest of the person selling the structured settlement. It should always be stated by the factoring company in the disclosure and contract that it is in your best interest to get independent professional advice whether the state requires...
4 Reasons to Sell Your Structured Payments

4 Reasons to Sell Your Structured Payments

Before cashing out on a structured settlement annuity, all clients must have their specific cases reviewed and approved by a Judge in the state where their contract originates. One of the most important determining factors to gain Court approval is whether or not the Judge believes receiving a lump sum is in your best interest, and in the best interest of your family. We’ve put together a list of the top 4 reasons people choose to cash out on their structured payments. Do any of these apply to you? Tuition and school costs: Going to college is an expensive endeavor. Paying for books, housing, food, and living expenses adds up fast…and that doesn’t even include tuition. Selling your structured payments for a lump sum can push you over the hump and provide for a more financially feasible college experience! For more information about college expenses, check out this article on Common College Costs. Pay off medical bills: A large number of individuals receiving structured payments from insurance companies find that the amount of money provided isn’t enough to cover their medical costs. After paying for power, gas, and other common expenses, added medical bills can serve as the straw that breaks the camel’s back. Fairfield Funding provides expedited lump sums that assist individuals with their payments and help relieve some of the financial stress bills can put on you. Put a down payment on a house: Buying a home is an exciting, but very costly undertaking–for most people, it is the most expensive purchase they will ever make. Fairfield Funding frequently works with recipients of structured payment plans to sell their settlement...
Cash Out Your Estate Annuity

Cash Out Your Estate Annuity

Managing an estate can be time-consuming and expensive; a growing number of both executors, administrators and beneficiaries are choosing to close out and sell any remaining annuity payments due to the estate in order to cover probate costs, pay debts and pay beneficiaries a lump sum. We understand that handling a deceased individual’s affairs is an extremely delicate and personal process, and Fairfield Funding has staffed its professional sales team with individuals guaranteed to represent your case with the utmost care and respect that you deserve. Why do individuals choose to sell their estate payments? For many individuals, suddenly having to manage an estate can be an unforeseen time commitment. Electing to receive a lump sum for any remaining structured payments enables you to have the freedom of time and peace of mind to carry out your regular schedule. As well as being a time commitment, many people are hit with unexpected probate fees and other debts that come along with the estate. Fairfield Funding strives to incur the minimal fees associated with liquidating estate annuities in order to give beneficiaries the largest possible cash payout. How do estate annuities become a lump sum? While Fairfield Funding delicately handles each deceased estate on a case-by-case basis, there are several written-in-stone parameters that we abide by once we have been contacted. First, we establish a connection with the executor or administrator and confirm their authority to act on behalf of the estate. This is done by simply verifying identity and cross-checking it with their various legal documents. The next steps are very similar to personal annuity cases: we obtain the...
Process Walkthrough: 4 Common Question Questions about Selling Your Settlement Annuity

Process Walkthrough: 4 Common Question Questions about Selling Your Settlement Annuity

After polling our annuity consultants, we’ve come up with a sequential list of questions that are asked during the duration of our interactions with you. 1)      Why do I have to wait to sign my contact? It is important to note that each state has determined a minimum required number of days that must pass before we are able to send your contract with a notary to be signed. After we have spoken with you and determined a purchase price, we will send you a disclosure. A disclosure is simply our written offer to you that shows the net lump sum you will receive in exchange for the exact payment(s) that we are purchasing. After you have acknowledged that you received the disclosure, we can start the countdown for the required wait period established by your state. This can take between three and fourteen days. 2)      What happens after I sign my contract? Once we have all of the necessary paperwork and legal documents, a petition is then filed at your county courthouse. After your case is reviewed, you will receive a court date where a judge will approve the settlement and grant your cash settlement. 3)      Why do I have to go to court? Each case must go before a judge and be approved before we are able to proceed and fund you your lump sum. When you go into court, the judge will determine if selling your payment(s) is in your best interest. In order to determine this, a judge will examine your reasons for cashing out. Many of the clients of Fairfield Funding intend to use...

Why Does It Take So Long To Receive My Money?

Unfortunately, when you decide to sell your structured settlement or annuity, it takes much longer than most people expect. Some companies make promises that they can not keep by telling their prospective clients that they will have there money in as little as 30 days. Even though we would love to be able to get your money to you that quickly, strict laws and rules are enforced by insurance companies and each state’s court system. The process can not even begin without all the necessary paperwork from each client’s insurance company, and often times it can take many days to acquire all the documents. Once all the paperwork is received and processed, it must all be submitted to obtain a court date. A lot of people who have begun the process of selling a structured settlement or annuity do not realize that each case must be sent to court. However, in the best interest of the client, each case must be approved by a judge. The court system wants to make sure that the transfer of payments is a fair transaction for each individual. Often times, waiting on a court date is the most lengthy part of the whole transaction. Although this can be frustrating when you are in a time of need, the process is set up in such a way to protect clients from being ripped off or treated unfairly. When selling your payments, it is important to remember to have patience because this is one situation where it pays off in the...
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