By Structured Settlement Watchdog®
Top Consumer Reviews is an unreliable source of information about companies that buy structured settlement payments because their methodology is flawed. Their methodology only includes the following criteria from which it asks its paid reviewers to render an opinion:
- Company Strength. How long has the structured settlement purchasing company been in business? What is the Better Business Bureau rating for that company?
- Customer Service. Since you'll be working with them closely, how helpful is the structured settlement purchasing company? Are they responsive, courteous and well-informed?
- Website functionality. When you're entering into a structured settlement buyout, you'll want a company that provides an informative, professional website to assist you through the process
One wonders why price is not a consideration for
Top Consumer Reviews?
Top Consumer Reviews says it pays trusted individuals to provide candid feedback about the products they review. its paid reviewers carefully examine and analyze each product within a category. The research factors they use are unique to the product family they are reviewing, and the reviews they write are based on their own experiences and opinions.
Top Consumer Review says that once its reviews are published, its sales team pursues a variety of methods to develop revenue. This way, we avoid charging our readers and site visitors any access fees or subscription charges. Some of the options that we use to generate revenue include:
- Affiliate relationships with the companies of products or services that we review
- Banner advertisements
- Sponsored text link ads
These are the top 7 purchasers according to the paid reviewers
- Stone Street Capital
- Settlement Cap Corp
- JG Wentworth
- CBC Settlement
- DRB Capital
- #1 Stone Street Capital was subject to a lawsuit by a Tampa lottery winner in February 2016, the details of which should give anyone pause, not to mention a paid reviewer.
- #3 JG Wentworth. this just shows you how shoddy the Top Consumer Reviews research is. JG Wentworth, the dominant company in an industry with completely unregulated sale practices, is a publicly traded company is "flopping on the dock" at 55 cents a share, having lost tons of money for investors in less than 9 months. If investors have no confidence in JG Wentworth, why should you?
- #4 CBC Settlement Funding derives leads from two high SEO websites that continually pump consumers with lazily researched, inaccurate, false and misleading information as detailed in many posts on this blog.
- #6 Peachtree was the industry's low hanging fruit grabber, pillaging annuitants at discount rates exceeding 18% for years and purveyors of deceptive advertising that falsely claimed that consumers could "get all your money now".
- #5 Woodbridge played the "sky is falling" with AIG annuitants in 2008. Well the sky didn't fall and anyone who bought into that BS fear mongering was done a great disservice. However in going after Roger Proctor's Genex Capital et al. with all its resources, Bob Shapiro and Woodbridge did the industry a huge service by forcing Genex to come out of the closet on its Vancouver based illusory exchange/ marketing scheme at Structuredsettlement-quotes(dot)com, which was allegedly, in according to the complaint filed in early 2014, "nothing more than a fraudulent and deceptive scheme designed to mislead and deceive consumers and benefit certain companies and persons, and in particular Genex Capital and persons and companies affiliated with Genex Capital". SSQ was used to brand jack competitors and also supported the charade that the Mt Airy Faker David Springer attempted to pull off, using the fake IDs of James Spelling and James Goldstein. Woodbridge also took on David Springer and soundly defeated him after a 4 year legal battle in Maryland Federal Court in 2015.
- #7 DRB Capital tried to falsely pass off a photo stock image as a customer named Kristen. I exposed how the same image was used in the same way by Imperial Structured Settlements, who DRB acquired. Catalina Structured Funding and later 123 Lump Sum used the image as well. The latter two companies however, had the integrity to not try to bamboozle consumers into believing the hottie in trhe image was a customer who had done business with them.