Our program provides instant cash in
exchange for the next 12 months of your pension payments.
Use your funds for:
Debt Consolidation
Divorce Settlements
Home Purchase
Pay Bills
Investment
Starting a Business
Pay for School
ANY legitimate use of funds is
acceptable.
Click Here for a Military Pension or Company
Pension Cash
Quote
Types of Pension Payments We Purchase
Most types of pension payments are
eligible. This program is available to all U.S. residents.
Payment Types:
Military & Veteran Pension
Company Pension
Police and Fire Pension
Teacher Pension
ANY State or Federal Government Pension
We DO NOT Buy Social Security
Benefits
How
Does the Pension Loan Program Work?
First American
Finance pays a lump sum of cash in exchange for 12 months of future
pension benefits. The first step is for us to provide you with
a free, no-obligation estimate of how much we will pay for your
future benefits. You will receive the estimate within 24 hours if
you provide us with an e-mail address or telephone number. If you like the figure, we will
forward a full application for you to complete and return and we will begin
the process.
Who is eligible for
Pension Funding?
All
people currently receiving pension payments. Persons receiving military
pensions must be out of the service at least 6 months.
What is
the minimum payment amount you will purchase?
We will purchase
pension payments over $550 per month.
Is
there a maximum payment amount you will purchase?
The maximum monthly
payment we will purchase is $1,000. If you are receiving larger
payments, we will purchase up to $1,000 of the payment and forward the
overage to you each month.
Are
there any credit requirements?
We do not require
perfect credit, but all participants must at least have fair credit.
I have
poor credit. Will you accept a co-signer?
Yes, this is normally
acceptable. Please note that in these cases, we require the co-signer to
have good credit.
Are
there any age limitations?
None at
all. Any person of legal age will be accepted.
Are
people who have filed for bankruptcy eligible?
Yes, but the
bankruptcy must have been discharged at least 12 months previously. Additionally,
the credit history since the bankruptcy must be fair.
Is the 12
month contract the only purchase options your offer?
Yes. We have found the
12 month contract to be the most beneficial to all
parties involved.
What is
the average time for funding?
If you submit your
application to us along with all required documents and receive an
approval before the 15th of the month, you could receive you funds
within 7-10 days after the first payment re-direct. This is
usually by the 8th or the 12th of the following month.
Are
there any restrictions on the use of funds?
First American Finance
does not require any specific use for the funds. Education, home,
medical bills, bill consolidation, recreational vehicles, vacations,
investments, etc. All legitimate purposes are acceptable to us.
Do I
need to own a home to qualify?
No. Home
ownership is not required. In fact, stable renters are often strong
qualifiers.
Why isn’t the amount of
money paid to me [the pensioner] equal to 12 months worth of
payments?
The lump sum received by
the pensioner is substantially less than the total payments received
over 12 months. First, taxes are deducted in the
calculations so that the pensioners calculations must include an tax
deduction from each payment. Also, allotments, and other deductions are
made before calculations are made. Finally, current dollars are more
valuable than future dollars. Just like lottery winnings, a winner can
collect all of his money over twenty years, or approximately 40% of the
total amount at the time of winning as a cash option. The rate of
discount is similar for pension payments. However, the lump sum
you will receive from us will
be approximately 75-80% of the total sum of payments purchased!
EXAMPLE: Net monthly payment
received = $992.94 per month
We purchase 12 payments and you receive
$9,500.00. (That's 79.7%)
Most companies only want to pay you 30
to 40%. We pay 75-80%.
Are
there ways to repay the loan early?
This
program is actually not a loan. Early repayment is not an option. The
program is a contractual agreement between you and our investment
firm for which you agree to sell your next 12 monthly pension
payments. Therefore, we are agreeing to pay you a lump sum of
cash up-front for your commitment to have your next 12 monthly payments
forwarded to us.
