by Structured Settlement Watchdog®
Factoring company Fairfield Funding advertises "best structured settlements always" in a Google adwords ad placement that comes up on the grid when searching for structured settlements. It's a superlative that would make a pizza box proud.
But in the opinion of the structured settlement watchdog, this is deceptive false advertising.
In other places on the web the company refers to itself as structured settlement funding company and a structured settlement leader.
To the trained eye Fairfield Funding provides cash to sellers of structured settlment payment rights whose petitions have been approved by a court as being in their best interest. Fairfield Funding DOES NOT provide "structured settlements".
The Internal Revenue Code expressly states at Section 5891(c)(1)(A) and (B) that the term “structured settlement” means an arrangement— (A) which is established by— (i) suit or agreement for the periodic payment of damages excludable from the gross income of the recipient under section 104 (a)(2), or (ii) agreement for the periodic payment of compensation under any workers’ compensation law excludable from the gross income of the recipient under section 104 (a)(1), and (B) under which the periodic payments are— (i) of the character described in subparagraphs (A) and (B) of section 130 (c)(2), and (ii) payable by a person who is a party to the suit or agreement or to the workers’ compensation claim or by a person who has assumed the liability for such periodic payments under a qualified assignment in accordance with section 130.
At IRC 5891(c)(3)(A) the Internal Revenue Code also expressly defines a structured settlement factoring transaction as "a transfer of structured settlement payment rights (including portions of structured settlement payments) made for consideration by means of sale, assignment, pledge, or other form of encumbrance or alienation for consideration.
A search of the Georgia Insurance Department website shows no record for an agency called Fairfield Funding Download Fairfield Funding Georgia AgencyStatus
The operative question is "Why is it that Atlanta based Fairfield Funding advertises a product that it apparently cannot deliver?" The structured settlement watchdog throws down the gauntlet to Fairfield Funding and challenges them to demonstrates to the public that it can actually deliver the "best structured settlements always" as opposed to purportedly competitively priced offers offers to sellers of structured settlement payment rights.
If Fairfield Funding cannot prove that it delivers structured settlements (as opposed to cash for structured settlement payment rights) then it has no business doing so and should stop.
Here is the ad (telephone number has been "scratched out"
1 (888) ...-....Best Structured Settlements Always.
No Hidden Fees, More Cash For You.