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November 04, 2015

Who is 365 Advance Services?

by Structured Settlement Watchdog®

I doubt Cedric Martez Thomas fancies himself as a "sucka". He's a 21 year old with the world at his feet and a cool $1,037,000 in cash coming his way so he can be the next Donald Trump.

Cedric Martez Thomas cut a really bad deal with 365 Advance Services to sell $6.6 million in structured settlement payments for about one fifth that amount  $1,037,000 when our structured settlement secondary market scan says that he could have reaped as much as $2,500,000 in cash.  Too bad he didn't have the capable advice of Number Two,  that Dr. Evil had. The deal was approved in Okeechobee Florida on October 29, 2015. 

 

Cedric Martez Thomas' affidavit submitted with the Petition to Transfer on October 1, 2015, says he wanted to sell his structured settlement payment rights "to invest in real estate".  Just think about the  real estate investing possibilities that Cedric could have had with almost 2 1/2 times more.   I was able to determine that on my first phone call. He could have bought more properties that generated more income. or he could have sold less of his structured settlement to get the $1,037,000 that 365 Advance Services paid him and would have been able to meet his goals and still had a substantial steady income tax free stream of income.

What I find fascinating is that JG Wentworth spends $20 million or more in advertising annually and 365 Advance Services finds this huge deal without any internet presence [ searches for 365 Advance Services comes up empty on Google, Yahoo, Bing  Better Business Bureau] and no advertising.  How is that possible?  How would anyone even know to contact 365 Advance Services?

I checked the Secretaries of State in Florida, New York, California, Nevada, Delaware, Georgia and Wyoming and nothing comes up.

So did an advisor turn Cedric Martez Thomas onto 365 Advance Services?  If so,  did the advisor shop around. Did he or she advise Cedric Martez Thomas that there was in excess of $1.4 million spread in the deal?

One way or another if I had a structured settlement,  I would not recommend that anyone deal with 365 Advance Services because of the plundering  optics on the Cedric Martez Thomas deal. It is clear on this showing that 365 Advance Services had the investor's interest and not the consumer's interest as a priority. 

 

 

 

 

Posted at 10:34 AM in Boca Raton Florida Structured Settlements, Florida Structured Settlements, Jacksonville Florida Structured Settlements, Okeechobee Structured Settlements, Orlando Florida Structured Settlements, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement Watchdog®, Structured Settlements Florida, Structured Settlements in Florida, Structured Settlements in Fort Lauderdale FL, Structured Settlements in Miami Florida area, Sumter County Structured Settlements, Talahassee Structured Settlements, Tampa Structured Settlements |

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  • Treasury Funded Structured Settlements
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  • Compare Structured Settlement IRR to Other Settlement Alternatives
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    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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  • 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.
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Qualified Settlement Funds

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