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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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Guide to Structured Settlements 2022

  • What is a Structured Settlement? What You Need to Know
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  • How Do Structured Settlements Work? How Structured Settlements Worktured 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.
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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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    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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  • 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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    with a stable readership that seeks credible structured settlement information and/or opinion about topical issues related to settlement planning, targeted to lawyers, injured persons and their family members, guardians, survivors, judges, magistrates, special masters, mediators, administrators, trust companies, insurance company executives and adjusters, financial advisers settlement professionals, financial professionals, insurance regulators, government leaders, federal and state law enforcement, buyers and sellers of structured settlement payment rights, the news media and other interested parties. 4structures.com LLC established the structured settlement blog in 2005 and for over 16 years it has been a leading source for critical commentary. The John Darer authored blog has been among the most prolific, regularly providing fresh structured settlement, settlement planning and litigation recovery management content and commentary . John Darer®, CLU ChFC MSSC CeFT® RSP CLTC, President of Stamford, CT based 4structures.com, LLC, is an experienced New York City area structured settlement expert, structured settlement broker, Certified Financial Transitionist, and Registered Settlement Planner. WHAT YOU GET here is the straight stuff with a touch of irreverence and humor. We hope you enjoy and find the content to be helpful. Subscribe to the structured settlement blog feed, or a specific category feed through your blog reader, or through the Feedburner icon on this page. Followers of JDDarer™ on Twitter may also receive select content. Thank you for reading!

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