by Structured Settlement Watchdog
As Structured Settlement Watchdog, part of my mission is to see that there is a clear path to accurate information about structured settlements.
"A structured settlement can be converted from smaller payments over a long period of time to a lump sum payment for a partial or full settlement payout"
This is a classic "mini max" scam, A number of settlement purchasers use "mini-max" imagery (the concept of "sell your teensy-weensy payments for a huge lump sum") as misleading bait. The reason that Fort Lauderdale based We Pay More Funding is misleading consumers with the statement is that they will never ever EVER give you a "full settlement payout". Selling all your payments is not a full settlement payout. When your business model involves paying pennies on the dollar, their statement makes no sense and could never be true.
What drives a settlement purchaser to make a bald-faced lie to generate consumer interest?
The above Image was retrieved off the Internet on 4/22/2021
Helpful reference What You Need To Know Before Selling Structured Settlement Payments in 2021
On April 23, 2021, a press release was issued claiming that We Pay More Funding was "a highly rated lender" and that it was "one of the most highly rated lenders in the market". The press release contended that "a good reputation is essential when it comes to choosing a lender to pay out lottery winnings, annuity payments and structured settlements in lump sums". The press release also solicited consumers for loans by stating " Anyone interested in learning about the various lending options available can find out more by visiting the We Pay More website", which we pointed out was inconsistent with with their website which states that they "have helped thousands of customers sell their structured settlements and annuities in order to receive their lump sums of cash to best suit their financial needs". Selling structured settlements, which refers to the sale and transfer of structured settlement payment rights, is not a loan!. We raised the obvious question.
The press release also claimed that We Pay More has more than 30 years of experience, when We Pay More has only been in business for 2 years, according to its Better Business Bureau rating when retrieved April 23, 2021. By that logic, a cell phone manufacturer with 500 employees, each with 1 year of experience, could claim it has 500 years of experience, implying that the Pilgrims had cell phones when they came over. It's all a bit silly, isn't it?
It's also listed by the Better Business Bureau in the Online Pharmacy category as well as Financial Services. Well, it's abundantly clear that the April 23, 2021 We Pay More Funding press release is dispensing multi grams of nonsense.
I apparently got someone's attention.
Following the publication of this post I received a call from Tyler Holt, President of REACT Marketing Group in Fort Lauderdale, Florida and an email on April 26, 2021 from REACT Marketing Group which I quote in its entirety:
" Dear Mr. Darer,
Thank you for taking my call earlier today. The We Pay More Funding press release which written by our (REACT Marketing Group) team not theirs, accidentally went out before going through out editing process, which would've corrected the inaccurate items noted in your recent blog post. The error was addressed internally with our team to ensure that it does not happen again and the article has been shut down. It should be fully off the web in about 48 hours. Thanks!"
It is unfortunate when mistakes happen. REACT Marketing Group owned their mistake and dealt with it promptly.