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December 27, 2009

123 Lump Sum's Dubious Claims that " Easy as 123 You Get Your Cash TODAY

In the opinion of this author, Structured Asset Funding is one of the worst false advertisers of companies that purchase structured settlement payment rights from accident victims.  The company ought to be slammed by the Federal Trade Commission along with other false advertisers in the industry.

In the past I have highlighted how the company has advertised and continues to false advertise "fast cash now" despite a number of complaints to the Better Business Bureau that suggest otherwise by a long shot.

As previously covered the company's moral compass is skewed to include the solicitation of accident victims to sell their structured settlement payments to buy luxury cars and boats (i.e. depreciating assets)

The company also operates under the marketing name of 123 Lump Sum. In several commercials posted on Youtube.com the company makes the following dubious claim:

"Its as easy as 123 to get your cash today"

 

Red_forman
In the immortal but paraphrased words of Red Forman (above), 123 Lump Sum has "hung vacancy signs on their asses and the FTC should be looking for a room".

This is as heinous a false advertising claim as Peachtree's 2008 claim that it could get you "all your money now"

The Florida structured settlement protection act and the protection act of each state that has one requires Court approval of structured settlement factoring transactions. That process does not happen all in the same day a person contacts 123 Lump Sum, Structured Asset Funding or any factoring company.

 

Posted at 11:15 PM in Bogus Advertising by Cash Now Pushers, Cash Now Pushers | The "Cash Now Fix", False Advertising Re Creating, Buying or Selling Structured Settlements, Federal Trade Commission, Misinformation about Structured Settlement Factoring, Settlement Advertising Wall of Shame, Structured Asset Funding/123 Lump Sum, Structured Settlement Factoring, Structured Settlement Payments, Structured Settlement Transfers, Structured Settlement Watchdog®, The "Shriek" of the Week |

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  • 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
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