by Structured Settlement Watchdog®
RockHill Press totally blows it in its February 12, 2015 announcement of a downgrade on JG Wentworth by claiming that JG Wentworth's products include structured settlements, annuities, lotteries and pre-settlement funding". The only truth in that statement is that JG Wentworth's offers pre-settlement funding.
Rock Hill Press "is a news agency dedicated to bringing you high quality journalism through a diverse range of world wide topics".
Here's the complete excerpt with offensive text highlighted.
"J.G. Wentworth Company, formerly JGWPT Holdings Inc., is a direct response marketer that provides liquidity to its customers by purchasing structured settlement, annuity and lottery payment streams, as well as interests in the proceeds of legal claims, in the United States. The Company acts as an intermediary that identifies, underwrites and purchases individual payment streams from its customers, aggregates those payment streams and then finances them in the institutional market at discount rates below its cost to purchase. The Company operates two brands, JG Wentworth and Peachtree. Its products include structured settlements, annuities, lotteries and pre-settlement funding"
- Is JG Wentworth licensed to issue insurance, including structured settlements and other annuities, such as lottery annuities and funding agreements?
- It's a shame when those who ascribe to "high quality journalism" contradict themselves in a single paragraph.