CBC Settlement Funding, LLC purchases periodic structured settlements and annuity policies from claimants in exchange for lump sum payments.
Structured settlements and annuity policies are purchased by CBC at discounts ranging from 6 percent to 25 percent. The company delivers returns by pinpointing the most promising customers with an exquisite ability to analyze data and leverage strong industry relationships. Purchases are financed through the use of a credit line, warehouse facility and private placement financing. To date, CBC has purchased more than $140 million in future payments from consumers, providing them with liquidity from annuity backed assets.
Headquartered in Conshohocken Pennsylvania, CBC was founded in 2004 and acquired by Asta Funding in January 2014. The business operates in all 49 States and the District of Columbia.
CBC succeeds in a highly regulated industry with specialized knowledge of how federal and state law govern, and how courts review, these agreements. Industry regulations have reduced the risk of default and allows for securitization.