by Structured Settlement Watchdog®
Quote Me a Price, another lead generation website tied to Genex Capital, attempts to unsettle structured settlement annuitants using information that is a blatant misrepresentation of the structured settlement process. Here 's what they say:
"It was bad enough that you suffered because of someone else’s negligence, and you’ve had to deal with the hassle of going through lawyers and courts for compensation for your losses. After all that, the defendant now wants to pay you with a structured settlement. Instead of getting what you’re owed right away, you’ll have to wait months or even years for the whole thing. Why would you want that?"
As someone who touts being a former member of the American Trial Lawyers Association (ATLA), Genex Capital CEO Roger Proctor should be familiar with how structured settlements come to be placed- by a negotiated compromise. There has to be a release of liability from the plaintiff/payee and the structured settlement is paid out as part of the negotiated consideration for the release. Thus the claim on the QMAP site is simply not credible on its face. Furthermore:
- Anyone receiving a structured settlement to its term would get more than it was funded with.
- That the best that can come from doing business with Roger Proctor's companies or anyone of its competitors seeking to buy structured settlement payment rights is pennies on the dollar. This you will never get " the whole thing" if you do business with Proctor's company, or any of its competitors.
More than half a decade ago Roger Proctor tried to scare and snare annuitants to sell their structured settlements to his company because of rising interest rates that never materialized. Here is how I reported it in July 2009. Then came the Genex Capital CEO's "crying wolf" on March 26, 2010:
"WARNING AGAIN: If you are thinking of selling your structured settlement payments, do it NOW, before interest rate increases eat into the value of your future payments and make you poorer".
Those that took Proctor's advice to sell in 2009 and/or early 2010 would have suffered massive financial losses of thousands of dollars compared to just holding on to their structured settlements. A November 23, 2014 New York Times Op-Ed post by Paul Krugman, laments the rising interest rates and inflation that never came.
Sell your structured settlement payment rights only if you absolutely have no other alternatives to raise the cash you need now.