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February 08, 2015

Greenspring Funding Completely Misleads About Structured Settlements

by Structured Settlement Watchdog®

Greenspring Funding Claim Is BS
Greenspring Funding Claims Are BS

Add Greenspring Funding to the list of cash now pushers which completely mislead American consumers that they "may qualify to receive all of your cash upfront" if they sell structured settlement payments to the company.

The reason why what Greenspring Funding says is completely misleading is that if you sell your structured settlement payments to Greenspring Funding you will NEVER get ALL your cash front.

If you sell your structured settlement payments you will only get a fraction of the present value of your structured settlement payments.  You will not get the future value of your payments. The amount you get is dependent on the effective discount rate.

Who is Greenspring Funding?

Thanks to the Ryan Blank Prezi  account which I mentioned the other day in reference to the Court Scrape expose and Google and Yahoo we found mention of " JRR and Greenspring" in the same search result.  We discovered that there are two lines of Sugar CRM javascript that include "jrrfunding.sugarondemand.com"

It doesn't matter whether you sell it to Greenspring Funding, Einstein Structured Settlements or Edison Funding, or any other website or brand associated with Ryan Blank and Richart Ruddie and their company JRR Funding, or any other company that purports to be a factoring company, you will never get all of our money upfront. You will always get a discounted lump sum.

Greenspring Funding also makes unsubstantiated claims that it is the fastest funder in the structured settlement industry and can get you the most cash.  There are many companies who make that claim in one form or another.  It would be difficult if not impossible to justify.

The website for Greenspring Funding lists an office address of 3250 M Street Suite A in the Washington DC neighborhood of Georgetown.  A Google Map search for that address however shows an H&M store at 3248 and another store at 3252.  There is an inconsistency with the Facebook page (whose sole review at time of this posting is by someone who is a Facebook friend of one of Ryan Blank's relatives),  which was only updated October 16, 2014 and states an address 1220 L Street Suite 100-167, Washington DC, the same address as Edison Funding posted on its site until around February 1, 2015.   It is also the address of the National Building Granite Quarries Association  (NBGQA), which I confirmed has nothing to do with JRR Funding or any of the aforementioned.

Interesting to note that both Edison and Greenspring Funding websites display BBB seals that do not click through so that consumers can verify BBB membership.

Our research this evening online shows no such BBB membership. What's up with that?  I've already seen enough reason to question trusting any structured settlement website created under the auspices of JRR Funding

 

 

 

Posted at 03:59 PM in Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, Structured Settlement Factoring News, Structured Settlement False Advertising, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2024

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  • Top Structured Settlement Annuity Companies 2024
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  • Treasury Funded Structured Settlements
    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.
  • Compare Structured Settlement IRR to Other Settlement Alternatives
    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
  • Structured Settlement Payments | Types of Structured Settlements 2024
    Ways You Can Structure Your Settlement Payments in 2024. 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 .
  • Structured Attorney Fees for Tax Deferral for Attorney Contingency Fees
    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as capped or uncapped index linked structured settlement annuities where payments are adjusted based on upside changes in the S&P 500 or another index, Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team in 2024.
  • Structured Settlement Annuity Company Customer Service Phone Numbers
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  • Structured Settlement Quote Lock-Ins | What You Need To Know
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  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • History of Structured Settlements
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  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
  • iStructure |Uncapped Fixed Index Structured Settlement Annuity
    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon
  • Structured Settlements and Longevity Risk| What Are the Odds?
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • 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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