by Structured Settlement Watchdog
A structured settlement transfer petition involves an Albany New York area resident, who is leaving gobs of money on the table due to a relatively obscene discount rate from Circle Orchard LLC, a Wisconsin LLC associated with a Florida structured settlement payment buyer, that leaves the annuitant with far less than the anticipated profit of the buyer.
Selling your structured settlement payments is always a 100% money loser, but upon information and belief Johnny Dutcher could be getting at least double what the factoring "Boca from Kenosha" is offering.
Episode: "Pass The Dutcher on the Left Hand Side" [theme song to the tune of Pass the Dutchie by the Musical Youth]
Annuitant: Johnny Dutcher
Venue: Albany County, New York
Submitted : March 7, 2019
Payments to Be Transferred: 156 monthly payments of $6,696.40 beginning on July 10, 2025 and continuing through and including June 10, 2048 with a 3% increase every July 10
Annuity Issuer: Transamerica Financial Life Insurance Company
Annuity Owner: Wilton Re Annuity Service Corporation (f/k/a Transamerica Annuity Service Corporation)
Aggregate Amount of Payments: $1,254,995.
Offer from Client First affiliate: $150,000
Discount rate : 9.39%, which is on the low end of the range that the National Association of Settlement Purchasers finds ethical, but not near the best, including NASP members.
Related Reading: National Association of "Settlement Providers" | What Settlement Purchasers' Makeover Reveals and It's Not All Good January 19, 2019