Editor’s Note: This product has been has been removed from our side-by-side comparison. J.G. Wentworth has acquired Olive Branch Funding and is no longer accepting new leads. You can still read our original review below, but Top Ten Reviews is no longer updating this product’s information.
Olive Branch Funding, a structured settlement company, has offices throughout the U.S., including Nevada, New York and Pennsylvania. This company specializes in buying annuities, structured settlements and lottery winnings and doesn't offer any other financial products.
When you're part of a settlement from a lawsuit or receiving an annuity from an insurance company, you'll usually receive your funds in monthly installments. There may be times you want to convert those payments into a lump-sum cash payment so you can pay for an unexpected medical expense, a new home or pay off debt. Olive Branch Funding purchases these settlements.
The settlement process can be complex, and it requires a judge to approve the final transaction. Since it can take a while to get court approval, Olive Branch Funding offers a cash advance on the sale of your structured settlement. Its website offers a 20 percent advance on the purchase price, which it claims is higher than advances offered by other services. Be aware that if the sale is not approved, though, you'll have to repay the advance. If you chose to receive a cash advance, you'll receive the money in up to 72 hours.
If you've won a lottery or received a payout from a casino, you can also sell those payments through Olive Branch Funding. The difference between these and structured settlements is that lottery and casino winnings are taxed whereas structured settlement annuities are not.
Olive Branch Funding posts no information about its fees or discount rate on its site. (The discount rate is the amount the structured settlement company takes when it buys the settlement from you.) In order to find out how much you might receive, you'll need to contact the company for a quote. The amount you receive depends on several factors, including the duration of your settlement, the amount of each payment and whether you are selling part or all of your annuity.
Olive Branch Funding is a structured settlement company that offers cash advances while you wait for the courts to process the transaction. In some cases, you can receive up to a 20 percent advance on your payout.