Fairfield Funding is a buyer of structured settlement annuity. The company prides itself in only employing financial professionals who have the knowledge and skills to find the optimal solution to their clients’ needs. It focuses completely on the purchase of structured settlements and annuities. They are rated A+ by the Better Business Bureau (BBB), a non-profit organization focused on advancing marketplace trust that also serves as an intermediary between consumers and businesses. They are also Consumer Affairs Accredited.
The History Of The Company
Fairfield Funding is a respectable and well-known company in the industry. However, it is still relatively young in the sector that is dominated by veterans with decades of experience. Fairfield Funding has only been in business for a mere seven years, and with twenty-five years of experience. The company would be no match with the other industry pioneers with more than twice the amount of experience. With its relative newness to the industry, they still need to establish their footing as they are still a small company, with few key employees. They don’t have as many clients because of their limited employees and new reputation. They also seemed to have not yet brought anything new to the industry, comfortably staying with what is known and trusted. The company is also aggressive in advertising, with some allegations that they are using other businesses in the industry to bolster their reputation. There are also allegations that complaints about them are not being accepted, thus their clean and upstanding record.
Despite that, however, Fairfield Funding has excellent customer service, with many of their clients satisfied with how the company handles each one. The company listens to each client, carefully considering their needs and tailor solutions for their problems. They take pride in maintaining a caring professional relationship with clients, and they rely on their clients to refer them to others to slowly make their client pool even bigger. The company also takes care to educate their clients on the process they are involved, walking them through everything step by step. They also offer speed and convenience, boasting that they can give quotes in minutes if the client’s documents and other information are ready. The company also offers the “Fairfield 100% Guarantee”, a strategy to entice clients. They promise to four things; best price, cash now, fixed, and fast. They guarantee that the client with getting the best price compared to other competitors or they get paid $500 by the company; that a cash advance would be available to the client in as little as five days; that any cash advance given is interest free; and that transactions would be closed as quickly as the law allows.
Overall, Fairfield Funding is already going a step forward in the right direction with their excellent customer service. However, it is limited by their small team and their newness to the industry. They will need to step up even more if they want to compete with the other industry giants and pioneers.