by Structured Settlement Watchdog
Warning to all people holding structured settlement annuities. Beware of predators with claims your company is going out of business!
One structured settlement annuitant recently told a structured settlement buyer that he received a mailer that said his structured settlement annuity issuer was downgraded and going out of business. The mailer is was used as an inducement to motivate the structured settlement annuitant to sell his structured settlement payment rights for pennies on the dollar.
Rogues Gallery of Settlement Purchasers Who've Used Scare Tactics to Induce Annuitants to Sell
Rightway Funding see yesterday's post about "Stan the Vulture" spreading lies about Metropolitan Life insurance Company in order to induce people to sell the rights to their Metropolitan Life funded structured settlements.
Genex Capital, via its Structured Settlement-Quotes property March 2013
Settlement purchasers " in sheep's clothing" trying to reassure you about the safety of your annuities certainly does "arch the brows".
If there is nothing wrong with Allstate and John Hancock structured annuities (and there isn't) , then why is Genex Capital brand SSQ targeting structured settlement annuitants with those companies through nationally syndicated press releases stating that they "..., announced holders of Allstate or John Hancock Life Insurance structured settlements still have help available
Genex Capital was notorious in 2009 and 2010 for scare tactics about a looming interest rate rise "that would make you poorer". In fact the Genex Capital interest rate "fire sale" was way off the mark. Anyone who took Genex Capital's advice in 2009 or 2010 would have lost huge amounts of money as interest rates did not shoot up as charitable Roger "The Wreck Beach Tushie Counter" predicted.
Woodbridge Structured Funding Fall 2008. Targeted structured settlement annuitants issued by AIG subsidiaries to sell their payments. Eleven years on, taking the advice of anyone at Woodbridge to sell would have been an unmitigated financial disaster.
In July 2013, I reported here how a Georgia woman with a John Hancock structured settlement was solicited by a structured settlement factoring company which sought to scam her for pennies on the dollar.