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August 07, 2016

Open Your Vault is Not a High Point of Buy Your Structured Settlement

by Structured Settlement Watchdog

Advertising for Open Your Vault, a brand associated with John Butler's High Point Funding, was among those cited by trial lawyer Mike Papantonio in his RingofFire.com podcast on predatory business practices of structured settlement factoring companies. 

A completely false and misleading video by on the Boca Raton company's website openyourvault(dot)com suggests that once you get a "vault code",  "that is where the story ends".  In order to sell your structured settlement payment rights you must comply with state law governing structured settlement factoring transactions.

Select quotes gleaned from the Open Your Vault website and its SEO efforts:

Openyourvault.com Highpoint Ring Of Fire
OpenYourVault(dot)com advertising was used as one of the examples of predatory behavior on Ring of Fire

"With open your vault company Selling Structured Settlements for Cash in Florida has become such an easy task. All you have to do is to login to the official open your vault website, fill out some basic details and some simple forms and get your structured settlement sold'.  [ source: SEO for Open Your Vault on Storify]

"Money is undoubtedly the most important factor in everybody’s life. In our day to day lives, half of our problems are due to money related things. Every person is looking for one or the other way to make more and more money"    (including High Point Funding?)  [Open your vault website]

"Won’t you love to have money that will fuel up your business within minutes and get your future carved to perfection? So why take that to be a simple dream when that can come closer than ever to reality? Open your vault will remain your favorite with respect to financial advices and assistance at any point of time". [Ibid.]

"Many huge business setups need money when they want to sustain losses (???] to just achieve customer loyalty, lot of people who start their start-ups need loans and moreover many people need money in terms of urgent circumstances".  [ Ibid.]

High Point Capital was also at the butt end of the Terrence Taylor 11 structured settlement factoring deals approved "as being in best interest" by a Portsmouth Virginia judges in 2 years, according to a 2015 legal filing.  Download Taylor Complaint v 123 Lump Sum et al. 2-26-2015. The Terrence Taylor story made the front page of the Washington Post in December 27, 2015.

Highpoint Funding has 3 Better Business Bureau reviews, all negative. Highpoint Funding has not responded to any of the reviews in timely fashion, or any fashion.

A search of cases in Broward County shows that lawyer Robert Ostrov, currently a judicial candidate in Palm Beach County counts HighPoint Funding among his clients.  I guess, on this evidence that judicial candidate Robert Ostrov doesn't care how High Point advertises to get business.

Posted at 10:09 AM in Boca Raton Florida Structured Settlements, Factoring Company Bad Business Practices, Secondary Market For Structured Settlement Payment Rights, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement Transfers, Structured Settlement Watchdog® |

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  • Rated Ages and Structured Settlement Cost
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    Which life insurance companies issue structured settlement annuities in 2025? A list of current structured annuity issuers, the location of their home offices and their financial ratings from A.M. Best, Moodys, Fitch, Standard & Poors and/or other Tier1 NAIC ratings, with links to their websites and other useful information. Last updated November 3, 2024
  • 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.
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  • Structured Settlement Payments | Types of Structured Settlements 2025
    In 2025, you can structure your settlement payments in various ways. A structured settlement allows for multiple payment types within one agreement. You can tailor and merge different structured settlement payments to suit your individual needs, either alone or alongside other financial instruments. If desired, diversify your structured settlement by utilizing multiple annuity issuers, treasury-funded structured settlements, index-linked structured settlement payments, and market-based structured options.
  • Structured Attorney Fees for Tax Deferral for Attorney Contingency Fees
    Structured attorney fees offer a financial strategy that provides a unique method for deferring taxes for attorneys and their firms. Attorneys can structure or defer their legal fees independently of whether the plaintiff structures their settlement. There are various ways to structure attorney fees, including capped or uncapped index-linked structured settlement annuities with payments adjusted according to the S&P 500 or another index's positive changes. Trial lawyers might also opt for a special deferred payment/compensation arrangement if they seek market-based returns without a cap. As the year-end approaches, consider adding structured attorney fee specialist John Darer® to your settlement planning team for 2025.
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  • What Are Structured Settlement Annuities?
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  • 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?
    Do your financial resources give you enough road, or will the road run out before you do? A structured settlement annuity helps mitigate the risk of outliving your savings, no matter how long you live. A structured settlement can include one or more customized payment streams and types.

Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
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  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
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