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January 14, 2008

Factoring Company Admits That It Has Paid MILLIONS in commissions for referrals in its "Structured Settlement Professionals Program"

Woodbridge Investments, a factoring company out of Studio City, CA, who I covered in One Woodbridge Is Not A Great Vintage! (8/27/2007) is now boasting that it has paid MILLIONS in commissions as part of its "structured settlements professionals program". Add this revelation (linked below) to Society of Settlement Planners patron Rhonda Bentzen's "90% of her clients" declaration in December and judges, tort victims and their lawyers have much to be concerned about.

Download structuredsettlementprofessionalswoodbridge_investmentsmillions.pdf

In my opinion ANY structured settlement professional who dignifies referring business to a company like Woodbridge Investments, LLC, compensated or uncompensated, IS NOT a true structured settlement professional. Doesn't a person calling themselves a professional, who gives business to a company whose "tiered incentives" to torch tort victims' financial security are reminiscent to an amusement park carnival booth,Center20game20carnival201420ft20cen belong with the bears on the unicycles?

We barely have room for ONE OF THOSE in the structured settlement industry. Bearonunicycle

Commissions and fees, whether disclosed or undisclosed reduce the tort victim's recovery in a structured settlement factoring transaction. The Structured Settlement Clean Vendor List includes structured settlement professionals and settlement planning professionals who do NOT take any compensation on such deals.

Posted at 01:02 PM in Factoring Company Bad Business Practices, Settlement Planner Business Practices, Settlement Planning Ethics, Society of Settlement Planners (SSP), Structured Settlement Broker Business Practices, Structured Settlement Factoring, Structured Settlement Information, Structured Settlements, Woodbridge Structured Funding LLC/ Woodbridge Wealth |

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Guide to Structured Settlements 2022

  • What is a Structured Settlement? What You Need to Know
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    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
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  • What Are Structured Settlement Annuities?
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  • History of Structured Settlements
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  • What Are Market Based Structured Settlements?
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Structured Settlement Best Practices Corner

  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
  • When it comes to settlement documents it is the ultimate responsibility of the lawyers or claims adjusters who receive input concerning the structured settlement aspects of the documents to actually read the entire document, exercise independent thought and advise their clients properly
  • Be aware that financial advisors use of testimonials is prohibited or restricted
  • Most states require that Testimonials represent the CURRENT opinion of the person who made the testimonial. Be prepared to back it up.
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