by Structured Settlement Watchdog
Sell Any Annuity, claims to have 75+ years of experience in a display of dogged factoring slobber. If that were true, that would mean that Sell Any Annuity was established in 1947, or possibly earlier given the plus. The post war year of 1947 had some notable events, notably...
- Roswell UFO incident
- U.S. Secretary of State George C. Marshall announces the “Marshall Plan”
- The International Monetary Fund IMF begins to operate.
- The start of the Cold War which endured over four decades
- The United Nations votes in favor of the creation of an Independent Jewish State of Israel.
- India and Pakistan gain independence from Great Britain.
- Jackie Robinson took to the field for the Brooklyn Dodgers becoming the first African-American to play in Major League Baseball.
- Bell Laboratories invents the transistor.
- Thor Heyerdahl's balsa wood raft the Kon-Tiki, smashes into the reef at Raroia
- Chuck Yeager, a United States Air Force Captain and World War II veteran, becomes the first person to break the sound barrier, and perhaps significant to this line of thought,
- Artist Henri Matisse painted "The Circus" and
- My late mother was 9 years old.
Someone who was aged 20 in 1947 would be aged 95 now. Someone who was aged 30 then would be 105 now. The first purported structured settlements were associated with the Thalodomide cases in the 1960s, but structured settlements didn't really establish a foothold until the late 1970s with a series of IRS Private Letter Rulings.
Sell Any Annuity is Just Another Shill Site for CBC Settlement Funding
Here's how the "Years of Experience Scam" works
Newer companies attempt to beef up their resume, by adding up the years of experience of each employee and present the total number as years of company experience to consumers. For example, 3 people times 25 years of experience each equals "75 years of experience" under a " Years of Experience Scam".
Now follow me here, let's say "CPO Sharkey", who had 25 years of experience of experience pushing "cash now" quits and the company then hires C3PO Marky, who has only 5 years experience working in the same industry. Now Sell Any Annuity, a company (or lead generation website) that has been in business for 6 years (almost a dog year, how about that?), but advertises 75 years of experience, just like that, has only 55 years of experience.
Drawing a line under the chucklesome
Let's say Grandpa Rockhead started the flint milling business 55 years ago and his twin 18 year old grandchildren have been working the last 3 summers. Gramps dies and leaves the flint milling business to the grandchildren Fred and Barney (his only grandchildren for you sticklers). Assuming a high school summer is 2 months and then (3 times 2)*2 is 12 month or 1 year. That means under the fuzzy logic of a "years of experience scam" Grandpa's death pulverizes the flint mill's years of experience to 1 year of experience, dropping from 56 years to 1 year just like that. That's why a "years of experience scam" makes no sense.
There are numerous possible combinations that the companies that deploy the "Years of Experience Scam" could use to deceive consumers. It's just fuzzy math.There is really no need for a years of experience scam. Just be truthful with customers.