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November 04, 2009

"Fast Cash is Bunch of BS" Says Waiting 123 Lump Sum Customer

by Structured Settlement Watchdog®

Reader Christina Storey writes

"My husband is currently waiting funding from 123 Lump Sum. We started this process over a year ago. It finally went to court on Sept.2009. We got the approval and now almost 2 months later still not funded yet. Yeah their slogan fast cash yeah okay that's a bunch of bs. Anyone going into this should know it's not gonna be that way and they are falsley (sic) advertising it on their site. I think we have been more then patient with these people. But we just keep getting fed more bs as to why we are not being funded. I'm waiting for them to just say sorry we can't do it we're bankrupt or something. I'm so confused"

123 Lump Sum is a trading name of Structured Asset Funding, LLC  and handles the funding and servicing.

This is the 4th case this year that we've heard of where this company has dragged out the funding of a structured settlement factoring transaction.

I'm not making this stuff up.  Sellers beware! Make sure you have considered and exhausted all other alternatives.

Have you experienced a long delay from a company that has promised you cash now? Tell us your story! Help yourself and help others!

Any other customers of Structured Asset Funding, 123 Lump Sum who have experienced similar delays are encouraged to contact this author so that we may publish your story. The viral power of the Internet will put pressure on the "cash now" pushers or settlement payment purchasers to deliver on their promises, to stop making claims that they cannot deliver. Your stories will be compiled for discussions with federal and state officials in the hope of improving the experience for others.

Posted at 01:08 PM in Cash Now Pushers | The "Cash Now Fix", Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, Structured Asset Funding/123 Lump Sum, Structured Settlement Factoring, Structured Settlement Factoring Myths, Structured Settlement Transfers, Structured Settlement Watchdog® |

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Comments

elizabeth baker

sorry i just sent you a email on my mom the date she went to court was not feburary it was dec 5th 2008 and they have made meny promisses.the last one he promised was for the 20th of november so she gave 30 days notice to her landlord to move.and no results.

Posted by: elizabeth baker | November 21, 2009 at 11:55 AM

elizabeth baker

my mother is also going through 123 lump sum and it was aproved by the courts in feburary 2008 and they told her it would be for sure on the 20th 2009 of november.it has came and no money.she has been very patiant with them but the promise of the 20th she has gave a 30 day notice to move thinking the money would be there.

Posted by: elizabeth baker | November 21, 2009 at 11:00 AM

The comments to this entry are closed.

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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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