by Structured Settlement Watchdog
" Annuities and structured settlements are resources that should not go to waste" says predatory advertising on Annuity(dot)org. The only solution on offer is to sell structured settlement payments (at a discount) to "trusted partner" CBC Settlement Funding at a large discount with only two options: (1) sell entire award for large cash sum, an abstract "opportunity to invest leftover funds and increase earnings potential" or (2) sell partial payments. Both of the Annuity(dot) org options are self-serving and result in a significant loss of value.
Of course a structured settlement, not to mention any settlement, is not an award. That's why it's called a settlement and sometimes referred to as "out of court settlement". Receiving a steady paycheck is not a waste of resources. Furthermore those are not the only solutions.
Recent sentiment in the structured settlement factoring industry is that the structured settlement secondary market is immersed in a "race to the bottom".
Along those lines, the image below taken today from an Annuity(dot) org Facebook ad speaks for itself about the "quality" that ultimately feeds the Asta Funding "bottom line." Talk about "resources going to waste".
CBC Settlement Funding, LLC is a Conshohocken, PA based purchaser of illiquid assets such as periodic structured settlement, annuity and other deferred payments. CBC is a wholly owned subsidiary of Englewood Cliffs, New Jersey based Asta Funding, Inc. (NASDAQ:ASFI) (Asta). CBC has purchased over $180 million in future payments from consumers, providing them with liquidity from their annuity backed assets.
For several years CBC Settlement Funding has reaped leads through an exclusive relationship with Ronnie Zelek's Annuity(dot)org, the Orlando based purveyor of some of the worst misinformation about structured settlements. While it claims to be a comprehensive web resource to answer questions about annuities and structured settlements, but such a claim is patently false given (as well documented in my prior posts) Annuity(dot)org doesn't care about accuracy and employs writers who churn out inaccurate slop upon slop. Clearly neither does CBC Settlement Funding.