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October 10, 2013

Structured Settlement Sellers Bombarded With Calls?

by Structured Settlement Watchdog Bombarded with calls from cash now pushers

Selling your structured settlement? 

Be prepared to be bombarded with calls from cash now pushers!  Here's why.

"Psy Ops"

One independent contractor who states they "pull information from structured settlement cases as soon as they are filed from courts around the country (about 50 jurisdictions)" sent me an email to a little to no use, and unadvertised email address (used by a single individual in the factoring business last in 2011) with an example from "Gangnam, GA".

The data mining firm employed by cash now pushers, "goes  through the courts each morning so that you get the freshest leads possible. Every lead has Name, Address, and Filing/Hearing date, and many include Phones, Payment Streams, or Future Benefits, where they are available"  (emphasis added)

 

Structured settlement watchdog Gangnam style

I'm not suggesting that there is anything illegal about this practice however, having heard for years from colleagues in the industry and from annuitants themselves that they are puzzled about the source of the calls when they thought the transaction was private, deserves an answer.

Images: Dreamstime.com

Posted at 12:58 PM in Secondary Market For Structured Settlement Payment Rights, Secondary Market Structured Settlements, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement Humor, Structured Settlement Privacy Issues, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2023

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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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    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 .
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  • What Are Structured Settlement Annuities?
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  • 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.
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  • What is a Qualified Settlement Fund?
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  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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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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