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December 22, 2007

Are Factoring Exchanges Good For Consumers Who Must Factor Structured Settlement Payments?

by Structured Settlement Watchdog®

Someone finally got the bright idea to create an online exchange where sellers of structured settlement payment rights could be matched to buyers who would compete in an online auction, a sort of factoring version of Ebay. Such an exchange is Quote Me A Price(dot)com and offers consumers (with rudimentary computer skills) an alternative. Let's see where this leads.

Quote Me A Price(dot)com claims to be is an online referral network of Settlement Funding Firms, Factoring Institutions, and Accredited Investors.  According to its President Sean Houlihan, its unique marketplace concept was designed for the sole purpose to assist clients in obtaining the most cash back possible from these Companies by offering more choices, and multiple competitive cash quotes.   The various partnerships they've established allow consumers to get the maximum cash back from the sale of  Annuities, payments rights to Structured Settlements, Life Insurance Settlements and Notes if they must sell.  Its settlement funding partners will buy some or all of the payments for a discounted lump sum price, and cash offers obviously vary.  Conceptually, through the online exchange, funding firms compete in a efficient way for all participants.  Judging by the names on the Quote Me A Price.com relationship list, it appears that the exchange/auction concept is gaining traction.

JG Wentworth

Granoff Enterprises

Stone Street Capital

Prosperity Partners

Patriot Settlement

Great Bay Capital

Mr. Houlihan tells me that the competitive bidding deals that come through his exchange, strip a lot of the profit out of the deals so that, in theory, more is there for the consumer who has established, though independent financial advice, that factoring is the last remaining route to resolving a financial problem. Clearly a person must have access to a computer, know how to use it, have access to an email account and have some degree of patience in order to benefit from this.

This author is also aware of another exchange that is in the beta stage which will actually give  an instant online quote for different types of cash flows.

It would be interesting to hear from both vendors and payment rights sellers who have used such an exchange with their experiences.

Posted at 12:53 AM in Baltimore Structured Settlements, Structured Settlement Factoring, Structured Settlement Factoring Auction Sites, Structured Settlement Factoring News, Structured Settlement Payment Rights, Structured Settlement Transfers, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2022

  • What is a Structured Settlement? What You Need to Know
    What you need to know about structured settlements. General explanation of structured settlements, including the stable guaranteed income and favorable tax benefits that give structured settlements their "juice" and a helpful introductory video featuring 2022 A.M. Best Client Recommended structured settlement expert and Registered Settlement Planner John Darer® of 4structures.com® LLC
  • How Do Structured Settlements Work? How Structured Settlements Work | Structured Settlement Diagram
    How structured settlements work, including 4structures.com LLC's super helpful structured settlement flow chart/diagram showing how structured settlements fit in with other settlement planning solutions.
  • Rated Ages and Structured Settlement Cost
    Rated Ages for Structured Settlement Annuities present advantages to all parties. Shift the mortality risk to a life insurance company whose business it it is to assess mortality risk to price its life insurance and annuities. Rated ages boost your structured settlement annuity benefit per premium dollar, or your yield on lifetime payments. Rated ages help to reduce the cost of funding a Medicare Set Aside arrangement where a Structured MSA, is being used { WCMSA LMSA or NFMSA].
  • Structured Settlement Annuity Companies 2022
    Which life insurance companies issue structured settlement annuities going into 2022? A list of current structured annuity issuers, the location of their home offices and their financial ratings from A.M. Best, Moodys, Fitch, Standard & Poors and/or other Tier1 NAIC ratings, with links to their websites and other useful information.
  • Treasury Funded Structured Settlements
    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
  • Compare Structured Settlement IRR to Other Settlement Alternatives
    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
  • Structured Settlement Payments | Types of Structured Settlements
    Ways You Can Structure Your Settlement Payments. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
  • Structured Attorney Fees for Tax Deferral for Contingency Fees
    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as the an index linked structured settlement where payments are adjusted based on upside changes in the S&P 500 with no downside and a cap of 5%. Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team.
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    Receiving structured settlement payments from your own structured settlement or inherited structured settlement? You'll like this huge time saver. Click for a comprehensive list of customer service telephone numbers that includes both current AND former structured settlement annuity issuers and reinsurers. If you have simple bank or beneficiary changes, or if the insurance company that issued the structured annuity has merged, sold or spun off its block of structured annuity business (e.g. Aviva, Allstate, Transamerica, AEGON, GE Capital, Liberty, CNA, Confederation Life) or changed its name and you're trying to track them down, here you go! The list is regularly updated. Last updated November 3, 2022.
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  • What Are Structured Settlement Annuities?
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  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
  • iStructure |Uncapped Fixed Index Structured Settlement Annuity
    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon

Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
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  • Firmwide Qualified Settlement Funds Debunked
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