Peachtree Settlement Funding Reviews | Glassdoor

Peachtree Settlement Funding Reviews

14 reviews

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Full-time Part-time

2.3
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James D. Terlizzi
4 Ratings

14 Employee Reviews

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  1. "A Good Place To Work For"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Clerical Worker in Boynton Beach, FL
    Former Employee - Clerical Worker in Boynton Beach, FL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Peachtree Settlement Funding full-time (More than 3 years)

    Pros

    I started at Peachtree as a temporary associate, through a nationally known staffing service. I was given a job to do and left alone to do it. No micro-management. When I accumulated enough hours, I was made permanent. The contributory health insurance, personal time, and vacation time were very generous. My co-workers, supervisors, and mangers were encouraging and empowering.

    Cons

    Peachtree was deeply impacted by "The Great Recession," and that did not help the overall company culture. But we did the best we could with what we had.

    Advice to Management

    It's been a while, and there have been major changes to Peachtree, so I have no real advice.


  2. Helpful (2)

    "HORRENDOUS"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive in Radnor, PA
    Current Employee - Account Executive in Radnor, PA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Peachtree Settlement Funding full-time (More than a year)

    Pros

    I have absolutely zero positive words to give about Peachtree or it's parent company, J.G Wentworth.

    Cons

    Everything. Absolutely EVERYTHING.
         You will start as a low paying Account Executive (or Account Associate") and be given little to no training. Your pay is minimal and you will be required to make 200 plus calls a day to people who want nothing to do with your services. You are told there is no cold calling because all customers have contacted Peachtree in the past. True in the technical sense of the definition of the law but let it be known you ARE COLD CALLING people that do not want to be called. Over, and Over, and Over again.
    Here are some things to keep in mind if considering this position:
    1) JG Wentworth or Peachtree does not care about you as a valued employee.
    2) If you value your college education in any possible sense, do not waste it with a junk company like this.
    3) There are NO ADVANCEMENT OPPORTUNITIES unless one of those very few above you either quits, is fired, or dies. Be prepared to wait years for any sort of advancement.

    *Do yourself a favor and print this review and bring it to your interview. Remember, you are interviewing them as much as they are interviewing you. You will be lied to, and you will be sold if you aren't skeptical. If you don't believe this company is running itself into the ground, go ahead and check out the stock performance over the last 18 months and let the numbers speak for themselves.

    Advice to Management

    Clean your database.
    Employ 1/3 as many sales floor people.
    Stop playing favoritism to your top 10.
    Leave the JG Wentworth umbrella. They ruined a good company.
    Learn to treat your employees with some respect.


  3. "It was a decent job but you need thick skin."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Boynton Beach, FL
    Former Employee - Account Executive in Boynton Beach, FL
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Peachtree Settlement Funding full-time (More than 3 years)

    Pros

    Compensation, benefits, company events, and HR department were good to excellent. You could get lucky and have a $10,000.00 phone call or have a deal close in two weeks.

    Cons

    Very competitive industry. There are quite a few things that can go wrong that you have no control over and must explain to the customers.

    Advice to Management

    Switch to a brokerage model. Shift liability and advertising costs to employees.


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  5. Helpful (1)

    "A lot of activity for little return"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Development in Atlanta, GA
    Former Employee - Business Development in Atlanta, GA
    Doesn't Recommend
    Positive Outlook

    I worked at Peachtree Settlement Funding full-time (More than a year)

    Pros

    Co-workers were great, everyone was nice (in Atlanta office).

    Cons

    It always felt as though you were ripping someone off. It is legitimate and serves a need. I think the problem is that it has a lot of lawyers & insurance agents involved and therefore it is hard to get or be allowed to give a straight answer.


  6. "Account Executive"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Boynton Beach, FL
    Former Employee - Account Executive in Boynton Beach, FL
    Doesn't Recommend
    Negative Outlook

    I worked at Peachtree Settlement Funding full-time (More than 3 years)

    Pros

    The pay was average with the market. Other places such as Client First and Imperial paid their employees more money.

    Cons

    Peachtree sold out to JGW. They left all the sales floor out of a job.


  7. "Harvard Business Case Study!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Analyst in Boynton Beach, FL
    Former Employee - Finance Analyst in Boynton Beach, FL
    Doesn't Recommend
    Negative Outlook

    I worked at Peachtree Settlement Funding full-time (More than 3 years)

    Pros

    The services the company offers are unique, interesting, and challenging. You will gain a lot of DB, Access and Excel skills. The business model is complex (nearly 30 "subsidiaries") so you will be challenged (at least in the beginning). New management in 2012 (I left in 2011).

    Cons

    No annual increase, bonus, or opportunities. Lack of culture, appreciation, and morale. Senior management by far is the worst you can think of. You will cross pass and they will not acknowlege you. That is why my headline reads "HB Case Study" so students can learn what not to do!

    Advice to Management

    Try to listen to your employees, boost morale, and show appreciation. Hopefully, the new team will turn things around.


  8. "The Blind Leading The Blind"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Radnor, PA
    Former Employee - Account Executive in Radnor, PA
    Doesn't Recommend
    Neutral Outlook

    I worked at Peachtree Settlement Funding full-time (Less than a year)

    Pros

    Extreme lack of oversight. You can basically do whatever you want and surf the internet all day and nobody would notice. There is very little demands in terms of job responsibility as long as you hit your monthly numbers. Every Friday they buy the office bagels and coffee there is free.

    Cons

    Very poor leadership. Associate to manager ratio is about 2:1 and there is no guidance at all for how to perform your job. Training program consisted of a one hour presentation on powerpoint. They have no ethical or moral standards, will do anything to poach a client or steal a commission including passing leads to managers first who would rather get the sale themselves than take you through the sales process of how they sell. Job consists of cold calling people on do not call list who hang up on you 9 times out of 10 before you can even introduce your name. Management is unprofessional using curse words and inappropriate language at will. Technology on the phone system would break down at least once per 10 days causing very little productivity.

    Advice to Management

    Hire a true training staff that educates people on how the business is run, and support the employees by encouraging them to sell rather than demanding results and cursing at them when they are new.


  9. "this place is a joke"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boynton Beach, FL
    Former Employee - Anonymous Employee in Boynton Beach, FL
    Doesn't Recommend

    Pros

    If you were smart, you could get away with anything

    Cons

    it was like being in high school, but with out any of the good parts of high school. mngt doesnt care about employees, only about themselves. there has been a +3yr salary and bonus freeze, while upper mngt continued to recieve raises and bonuses. the place is a joke


  10. Helpful (1)

    "adequate"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in West Palm Beach, FL
    Current Employee - Anonymous Employee in West Palm Beach, FL

    Pros

    Good income, stability, work not difficult

    Cons

    no advancement, too many managers, not enough real leadership

    Advice to Management

    Listen more to employees


  11. Helpful (1)

    "Give careful consideration to work enviornment"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive in Boynton Beach, FL
    Current Employee - Account Executive in Boynton Beach, FL

    Pros

    Good training is provided by company

    Cons

    Production was the only item of concern to management

    Advice to Management

    Treat staff and employees with respect


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