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Military Pension Advance, Retirement Pension Advance, Pension Loan *, Sell Pension
Do you have a military pension*, VSI pension, or retirement pension paying you small amounts spread over months or years and you want or need your money now?
Would you like to get your money sooner rather than later?
Do you have an immediate need to pay off debt, medical expenses, or simply wish to receive a lump sum payment for another need or want?
Would you like to sell some of your military pension or sell some of a civil service or corporate pension for a lump sum?
If you are receiving payments from a military pension, a federal, state, or local government pension like CalPERS ( California Public Employees' Retirement System ), a pension as a nurse, firefighter, teacher, policeman, sheriff or other civil service retiree or a corporate pension from companies like IBM, GE, Boeing, GM, and hundreds of others, you may be eligible to sell your pension payments in exchange for a lump sum today.
* Qualifications for a Pension Advance or Pension Loan* (PLEASE READ):
- You must ALREADY be receiving a net minimum of either $400 a month or $5,000 per year
after all deductions and taxes are subtracted from your military or retirement pension and have a MINIMUM credit score of
600 or higher
on all three credit reports to sell your pension payments..
- In the case of a military pension advance, less then 45% of the
benefit (money) you receive can come from the result of a disability (VA).
This means that 55% or more of the money you receive from the military (DOD)
must be
from a VSI or regular military pension outside of your disability benefits.
We unfortunately CAN NOT fund on VA Disability Pensions due to a law President Bush
signed that became effective January 2004 prohibiting funding against VA
pensions. Social Security is also NOT eligible for a funding advance.
- If you've had a bankruptcy, it must have been
discharged a minimum of 2 years ago and since then your credit history must be
fair to good to sell your pension payments.
- Your credit history over the last two years (payment history) must be
fair to good! A few slow pays are fine.
- You must be a U.S. resident with a U.S. address.
- If you have already been turned down for a military,
civil service, or corporate pension cash advance due to poor credit in the past
18
months by another funder, we are sorry, but we cannot assist you.
Please do NOT apply to sell your pension payments if you have applied in the
past 18 month with ANY other company and have been turned down due to your
credit UNLESS your credit has significantly improved since you last applied.
- We absolutely CANNOT provide pension advances for individuals who have POOR credit or credit scores BELOW 600.
Apply Today for a Pension Advance!
How a military pension advance and retirement pension advance works:
1. You submit your information in regards to how much you receive each month from your military or retirement pension and any deductions for taxes, child support, alimony, etc. We also need to know who is making the payments to you (DFAS, GE, IBM, State of Florida, etc.) and when you receive your payments.
2. Our underwriter calculates the total amount you would receive over the next eight (8) years from your military pension or retirement pension. For example, if you receive $1,042 a month after taxes and deductions, then you would receive $100,000 over the next eight years. ($1,042 x 12 months x 8 years = $100,000)
3. The typical lump sum offer in exchange for your next 8 years of military pension or retirement pension payments is approximately 40%. So, if you could expect to receive $100,000 over eight years, you would most likely receive an offer around $40,000.
This does not mean you are paying 60% for the lump sum advance on your military pension or retirement pension. Remember the rule of time value of money. Money today is worth far more then money in the distant future. This is similar to the lottery offering you $5,000,000 over 30 years or about half of that upfront. The rate varies, but appears to be a compounded rate between 12% and 16% over 8 years. This is not inexpensive, but can be considerably less then credit card or unsecured debt and often gives our applicants financial options to start businesses or purchase homes or property that are far more valuable then the 12% to 16% it costs them for the money.
Our thoughts on the above...Receiving a military pension, civil service, or corporate retirement pension cash advance can be expensive. As a rule, if you have access to funding at a lower or even equal rate, you should probably take advantage of it.
We know of only one underwriter offering military pension and retirement pension advances in all of the U.S.. They are extremely strict in providing funding and adhere to the requirements listed above. In addition, they fund only a very small percentage of applicants based on their criteria. With that said, if you'd still like to pursue the possibility of receiving a pension advance, we would be glad to assist you by providing you with a free, no-obligation quote. At ACF, we try to be upfront about both the upside and downside of a military pension or retirement pension advance and we do not charge any upfront fees. If anyone else tries to charge you upfront fees, we encourage you to look elsewhere.
Apply Today to Sell Your Pension Payments!
- Pay off debt or taxes
- Purchase a new car
- Buy a new home
- Pay for a wedding
- Fund a child's education
- Retire
- Start a new business
- Create an emergency fund
- Take a dream vacation
- Do something special for your significant other
- Donate to your favorite charity
- Use for Virtually Any Reason
Contact ACF today to receive a free, no-obligation quote to sell your pension payments for a lump sum from part of your Military, Civil Service, or Corporate Pension.
For the quickest results, complete our simple and secure Online Pension Advance Application. We have NO upfront fees!
Apply Today for a Pension Loan *!
* The program being offered here is not actually a pension loan. The term pension loan is used as it is the term our clients are often most familiar with. Instead of a pension loan, an advance on future pension payments is being offered at a discount on those payments. The basis of the pension advance and discount are calculated on the rate of return required by the investors, risk, and the number of payments being purchased in advance. Pension loans are not being offered, but rather a pension advance. Please be advised that some pensions do allow you to take loans directly from them. Please contact your pension administrator to see if they can directly offer you a pension loan.