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April 21, 2009

Fairfund Financial Misleading Consumers AGAIN!

by Structured Settlement Watchdog

Back in December 2006 cash now pusher Fairfund Financial Group was the subject of this blog post Fairfund Financial Goose Egg for false advertising.

Now the Atlanta Georgia based company is asking the question "So what should people do that have structured settlements or annuities?" and answering ""They might want to consider cutting their losses and taking what they can from their settlements and moving it into a more secure investment like real estate or gold".

Comments:

  1. What losses are people suffering by receiving a steady paycheck on time from their structured settlement annuity?
  2. What losses will people suffer by selling their structured settlement payment rights to cash now pushers Fairfund Financial for pennies on the dollar?  The company tees up a price gouge after scaring the consumer by stating "unfortunately even if they want to get rid of their settlement annuities, there is another obstacle, the credit markets.  Because of the increased risk, funding companies are now charging more in interest to take on the risk that an annuitant’s insurance company might be downgraded or go under". That doesn't explain why some companies like Peachtree Settlement Funding were charging ridiculously high discount rates when the times were good.
  3. How much did the S&P500 drop last fall?
  4. How much has the value of real estate dropped?
  5. As far as gold goes, click for a 35 year history. Gold has been on a nice 10 year run., however, there have been times that it has been uniformly unspectacular, including an unimpressive run after the 1987 stock market crash.

Fairfund Financial misleads consumers by stating on its home page that it "maximizes the value of your structured settlement payouts", a statement that might be true if you're the type that considers a pawn broker the standard bearer for value.

Fairfund doesn't maximize your value. It's a lie. The structured settlement already has a value, your steady income tax free pay check. You give up value to get pennies on the dollar from Fairfund. Where do we sign up? Furthermore, if taxes go up, the value of your structured settlement increases without your doing anything when compared to taxable investments.



 



Posted at 10:13 PM in Cash Now Pushers | The "Cash Now Fix", Factoring Company Bad Business Practices, Fairfund Financial, False Advertising Re Creating, Buying or Selling Structured Settlements, Structured Settlement Factoring, Structured Settlement Transfers, Structured Settlement Watchdog®, Structured Settlements Value, Truth In Advertising Structured Settlement Factoring |

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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.
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    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, Transamerica, AEGON, GE Capital, Liberty, CNA) or changed its name and you're trying to track them down, here you go! The list is regularly updated. Last update January 13, 2022.
  • Structured Settlement Quote Lock-Ins | What You Need To Know
    What does a Structured Settlement Lock-In Mean? How do plaintiffs, defendants and insurers benefit from a structured settlement quote lock in when finalizing a settlement? How does the defendant/insurer/court benefit from using a structured settlement lock-in? Where to be careful when using structured settlement lock ins.
  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • 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.
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    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon

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