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December 12, 2008

What Prosperity Partners Says Supports Claims of Advertising FRAUD Against Tort Victims

by Structured Settlement Watchdog

A thank you is due to Prosperity Partners for providing subject matter expertise that supports our theory that "cash now" advertising is a FRAUDULENT inducement to some of the most vulnerable consumers, tort victims with structured settlements. Among other things Prosperity Partners warns structured settlement recipients of:

  • "False promises.  This is a big one in the industry among unscrupulous settlements buyers; they promise fast funding and expedited returns, when in fact they have LITTLE POWER over the speed of the process because court approval is involved.  The average time for court approval is 90 days, with some states being quicker (45 days is about the bare minimum) so beware of companies claiming that they can process your purchase in a matter of weeks.  No one can speed up the courts!  The only thing that will expedite your processing is efficient, accurate preparation and application".

If I have one criticism of the Prosperity Partners is its ironic use of "cash now" advertising**. Although it is not as blatant as Stone Street Capital, J.G. Wentworth, Woodbridge Investments, Peachtree Settlement Funding, Imperial structured Settlements, Structured Settlement Investments and Novation Capital is it not false advertising, or "false promises" as Prosperity Partners' Director of Marketing Jason Rigler has so aptly put it?

We encourage the factoring industry and its members to STOP COMMITTING FRAUD! The "fraudsters" include the supposed leading members of the the National Association of Settlement Purchasers, an association which "cash now pusher" Imperial Structured Settlements (on its website) reminds us is "the trade association that determines best practices and provides strength and credibility to the industry".
 Black_pirate_flag

On a technical note Prosperity states in its introduction  "You have chosen to sell structured settlement payments because you have a distinct financial need that your settlement plan is not meeting.  So it is imperative that those needs are met through the “sale” of your payments.  In order to do that you will need to protect yourself and avoid the pitfalls that can impact people who sell structured settlement payments".

Not everyone who has a structured settlement has a settlement plan.

Not everyone who has a structured settlement has a financial plan.

If they have a plan, not everyone who has either one keeps up with their plan.

Read  Most People Who Sell Structured Settlements Do So To Pay Their BIlls

**Download Cash now structured settlements AOL-Google Search 12122008

Posted at 01:04 PM in Cash Now Fraudulent Inducement?, Cash Now Pushers | The "Cash Now Fix", DRB Capital/Imperial Structured Settlements | Critical Commentary, Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, JG Wentworth Commentary, Peachtree Settlement Funding, PPI Cash, Prosperity Partners, Stone Street Capital Commentary, Structured Settlement Factoring News, Structured Settlement Watchdog®, Truth In Advertising Structured Settlement Factoring, Truth in Advertising Structured Settlements, Washington Square Financial, Woodbridge Structured Funding LLC/ Woodbridge Wealth |

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Guide to Structured Settlements 2023

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    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.
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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?
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  • What is a Qualified Settlement Fund?
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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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