by Structured Settlement Watchdog
Sovereign Funding's new bogus tag line is " Release All the Cash From Your Structured Settlement". It is one notch below the putrid and false latter day claims of Peachtree Settlement Funding that it could get you " all your money now" (ostensibly by agreeing to transfer your structured settlement payment rights to Peachtree and its above market discount rates). David Springer knows better.
A structured settlement is a promise to make one or more future periodic payments. A structured settlement is not a bank account. There are no quarterly or annual statements. A structured settlement cannot be "cashed in" like a share of stock or withdrawn from like a bank account. To get more than a token advance you must obtain the approval of a court that the transfer of payment rights for cash is in your best interest (and that of your dependent , if applicable)
Thus while a company might make be able to justify it pays more cash for your structured settlement payment rights in a competitive situation it can never give you "all the cash".
Speaking of Sovereign Funding, I'm also still not clear on what the story is with all the spam URL's using the names of a number of primary market stakeholders as well as Sovereign competitors that keep leading to a website that appears to be connected to Mt. Airy Maryland based Sovereign Funding (See my July 25, 2011 post Who Owns We Buy Payments.Net ?)