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Stone Street Capital Structured Settlements Review


ConsumersAdvocate.org Rating: 4 / 5 (Excellent)
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Stone Street Capital, LLC is one of the older and larger structured settlement purchasing firms in the country. Incorporated in Delaware and headquartered in Bethesda, Maryland, the firm was founded in 1989 and today has about 200 employees. It purchases structured settlements, annuity payments, and lottery payments from people who prefer a lump sum.

How is Stone Street Capital rated?

Breakdown

4.0/5
Company Reputation
0.0/5
Customer Support
0.0/5
Educational Resources

Overall Rating: 4 / 5 (Excellent)

Stone Street Capital is one of the most prominent purchasers of structured settlements in the United States. The firm has purchased over $2.6 billion in structured settlements, annuities, and lottery payments. It offers flexible purchase options for portions or the whole of structured payments. The company is easily contacted via phone, chat, and email, though some consumers have complained that once contact is made, the firm's follow-up marketing efforts are relentless. The firm's reputation and commitment to transparency are questionable, however, in part because of a major lawsuit against it that was settled under a confidentiality agreement. When dealing with this or any structured settlement purchaser, consumers are strongly advised to retain independent legal counsel to make sure their interests are being protected.

Stone Street Capital Financial Stability

Financial Stability - 4 / 5

No information is available about the finances of Stone Street Capital. It is not a publicly-held company and does not appear in the databases of the usual financial rating agencies.
Year Founded
1989
Place of Registration
USA

Stone Street Capital Services

Services - 4.5 / 5

In addition to buying structured settlements, Stone Street purchases lottery winnings and annuities. In situations where there is a delay between court approval of the structured settlement sale and the issuance of the lump sum check, the company may issue advances.

One of the services Stone Street Capital provides is assistance at the court hearing where a judge will be asked to approve the sale of your structured settlement. The firm's website says, "Always ask who will be helping you in court when you need to go. Stone Street Capital will be with you to help guide you through the process." This is seriously misleading, as it suggests that the company will act as your representative or your attorney when the matter of the proposed sale of your structured settlement comes before the court. This is not the case. Stone Street's lawyers and employees represent Stone Street, not you. They are under no legal obligation to advise you to take steps that are in your best interest.
Structured Settlement Buyouts
Some Payments
Entire Settlement
Other Services
Buy Lottery Winnings
Annuities not the Result of Structured Settlement
Disbursement Method
Check
Estimated Processing Time
45 - 60 days
Commission Policy
Pay Commission to Salesman
Modes of Communication
Phone
Email
Chat

Stone Street Capital Reputation

Company Reputation - 4 / 5

Stone Street Capital has an A+ rating with the BBB but only a small number of reviews. The firm has more than a score of complaints against it, most of which focus on its aggressive sales tactics. The company has no presence on Trustpilot.
BBB Rating
A+
Number of BBB Positive Reviews
1
Number of BBB Negative Reviews
0
Date Collected
2018-02-21

Litigation and Regulatory Actions

In 2015, Stone Street Capital was sued by an elderly Florida woman who alleged that the company forged her signature to effect the sale of her rights to lottery winnings totaling $2.8 million. The case was settled under a confidentiality agreement which prohibits either side from discussing how it was resolved. Of course allegations are not proof and a settlement is not an admission of wrongdoing. But the company's insistence on a confidentiality agreement casts doubt on the company's commitment to transparency. Further, in 2017, a paralegal for a New York City law firm that represented Stone Street Capital and other structured settlement purchasers, pleaded guilty to forging the signatures of New York judges on structured settlement sale approval orders. Stone Street subsequently sued the law firm for legal malpractice.

Company Profile

Full Name
Stone Street Capital Structured Settlements
Company Website
Headquarters
7316 Wisconsin Avenue, Suite 500, Bethesda, MD, 20814
Mailing Address
7316 Wisconsin Avenue, Suite 500, Bethesda, MD, 20814

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Customer Comments & Reviews

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M
Maureen B
7/8/2019
Your company To go over $200,000 for me and I have a group to Maddock brain injury I was lied to left bed hung up on crying from your company you have an ethical business practices against a disabled person A rating of - 1 . What your company did to me is horrific! With my last breath so this never happens to another person with TBI my mission is stop Companys like your get away with hurting Disable people and taking their money and leaving them high and dry and broke



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