Stone Street Capital Reviews - What Is It?
WARNING: DO NOT BUY Stone Street Capital Until You Read This Review!
Is it a Scam? Does It Really Work?
If you need to convert your lottery winnings settlement, or annuity into a lump-sum payment, it is a good idea to address Stone Street Capital. The company is based in Maryland and offers structured settlements to its customers, helping them cash on a monthly basis. Is this company worth considering in order to get a lump for a cash amount? To find out the answer to this question, we will need to research the company, its services and how they work. We will take a look at what other people are saying about this company and try to make substantial conclusions about what we learnt. Before ordering the company's services, study what structured settlements are, their advantages and disadvantages, as well as when you should sell your settlement.
In general, Stone Street Capital is a limited-liability corporation that has been in business since 1989. The company has been registered with the Better Business Bureau since 1996. There are between 51 and 200 employees in the corporation, according to the official website. Their major goal is to negotiate a structured settlement. For instance, you win $1 million and want to receive the total over a definite amount of years via regular payments but suddenly an emergency occurs and you need $300,000 to pay for your medical bills. This is where the company comes to help. Stone Street Capital addresses the lottery organization and suggests to buy out all of your payments. If the lottery organization agrees, they inform you of the terms for the lump sum. The amount will be less than what is left on your payments because the company needs to take their cut in the form of fees.
Customer Reviews - Does Stone Street Capital Really Work?
Stone Street Capital has an A+ ranking with the Better Business Bureau. Over the past three years, there were 47 complaints but all of them were resolved successfully. Several complaints reported how the company makes repetitive phone calls to clients. This can be irritating for some people, but it is their obligation to inform you of any changes or news. Here you can use a great piece of advice. When you talk with the company's representative through their customer-service chat and you are asked for your phone number, you can insist on receiving information by email. So, if you don't want to be disturbed ever, you are recommended to do the same. It is up to you to decide.
More information about the ratings of Stone Street Capital can be found on different websites that rates this company. For example, TopConsumerReviews.com gave them five stars. Such high rating isn't based on feedback from consumers only. It comes from a number of experts who investigated the company. However, this five-star rating is not substantial enough to decide whether you really need to use Stone Street Capital. So, we continued our research of the customer reviews online. The company received a 2.7 star-rating from twelve reviews provided on Sellmyannuity.net. There are some complaints high rates, but it is up to you to decide whether the company has high fees before starting to work with it. You can do your personal research too if you wish to find out more details about the company and its services. Here are some of the real users' reviews about Stone Street Capital.
"I saw a promotion about Stone Street Capital on TV. When I applied for it, I was asked like 20 questions but none of them was invasive. I answered these questions on the phone while talking with a representative from the company. I also sent him some photos of my structured settlement information. The specialist politely said that my case wasn't worth the trouble of the court system. I didn't want to sell my lump sum and, fortunately, the representative understood me. I gave him my address and we finished the conversation. The specialist didn't apply any pushy sales tactics. I am happy I called them."
"StoneStreet Capital is an innovative and creative company, able to handle the most difficult transactions in the commercial real estate business. The friendly staff of the company is very encouraging and supportive on every step of the way. They have never hurried me up in my decisions but they gave me time to understand all pros and cons of this of that decision. The team's representatives I used to work with demonstrated high professionalism and high spirits."
"I am completely satisfied with my experience of converting my settlements with Stone Street Capital. There are a lot of options you can choose from and even if you have any difficulties or issues, their customer service will politely help you to find an answer to any question. I am really grateful for help and I am going to recommend this company to all of my friends."
My Final Summary
The official website of Stone Street Capital seems that structured settlements are a perfect way to buy homes, cars, send your kids to college or purchase almost anything you wish. But in reality this business helps you to make money off your settlements through the 6% to 20% buy rates. That's not too bad when you need money immediately. But if you don't trust this company, you may speak with a trusted financial expert before cashing out your lottery winnings, settlement, or other annuity. A qualified advisor will study your financial situation and show you the best course of action. But remember that this will cost you additional money."
It is a good idea to pay attention to what real customers of Stone Street Capital are saying about their experience with this company. The overall reputation seems to be positive and people are satisfied with the company's services. This is the best proof that the company works well. Of course, their help will cost you some money, but you will highly benefit from receiving your money almost immediately, won't you? Thus, taking into account all advantages and disadvantages of this company, I can certainly recommend Stone Street Capital to convert your settlements.
Stone Street Capital Pricing and Rates
Let's say you have won $1 million in the lottery. You may choose to have the money all at once, or in the form of smaller annual payments. If you opt for the first variant, you can invest your lump sum. If invested in a sensible way, your sum of money will be doubled in thirty years. But many people decide not to have the whole sum of money paid out and choose to have regular payments throughout the year. Suddenly a bad situation happens and a person needs money immediately. Stone Street Capital can be of great help here. For instance, you have got $120,000 left in payments that need to be paid out over ten years. The company takes a 4% discount rate, so you will receive a lump sum payment of $94,600 (fees are not included). If they take 10%, you will receive $76,200. At 15%, you will receive $62,590.