Settlement Capital Renews Its $50 Million Credit Line With DZ BANK
DALLAS, March 9, 2012 /PRNewswire/ -- Settlement Capital Corporation, a long standing leader in structured settlement purchasing, has recently completed a renewal and extension of its $50 Million credit facility through DZ BANK's New York office.
"Settlement Capital has a long relationship with DZ BANK, and we are excited about the continuance of this credit line and our future," said Debbie Rosen, President and CEO of Settlement Capital.
Settlement Capital was founded in the late 1980s and was the first company to purchase structured settlement payment rights. The company has been a leader in the industry ever since.
"People receiving structured settlement payments through an annuity sometimes need to sell that asset to pay off debt, avoid foreclosure, buy a home or car, or go to school," commented Ms. Rosen. "Settlement Capital stands ready to help these people when they need it. This credit extension demonstrates the continuing confidence the banking community has in this business and Settlement Capital."
"DZ BANK is very happy to continue and expand its relationship with Settlement Capital, and we look forward to working with the company in the future," said Christian Haesslein, Vice President at DZ BANK Structured Finance Asset Securitization.
About Settlement Capital Corporation:
Settlement Capital Corporation is a Dallas, Texas based purchaser of structured settlement payments. Since the late 1980s Settlement Capital has provided lump sums of cash in exchange for future periodic payments to customers all over the country. Settlement Capital was a founder of the National Association of Settlement Purchasers (NASP), and led the effort in Congress and the states to enact Structured Settlement Protection Acts, ensuring consumers' fair access to this important asset. Visit Settlement Capital on the web for more information at www.setcap.com.
For more information contact:
Settlement Capital Corporation
Debbie Rosen, President and CEO
14755 Preston Rd., Suite 130
Dallas, TX 75254
About DZ BANK:
DZ BANK is the fourth largest bank in Germany and acts as central bank for approximately 1,000 cooperative banks. As a cooperative commercial bank, DZ BANK is a well-known partner in Germany and abroad and offers long lasting business experience of over 125 years. DZ BANK's New York based Structured Finance Asset Securitization unit offers lender finance, structured asset and accounts receivable financing for a wide variety of clients and asset types. For more information, please visit www.dzbank.com.
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