by Structured Settlement Watchdog
What does it mean if you have a structured settlement and you've received a mailer that refers to "Unclaimed Funds" Structured
Settlement "Client Relations Dept" "Immediate Verification Required", and bears the telephone number of 888-556-2740?
Here's what I've discovered:
The mailing department of Fortune Settlement Solutions has been blitzing people with structured settlements to generate leads with the teaser of "unclaimed funds" using the mailer displayed below [Disclaimer: the green nail is not mine :-)].
FACT: THERE ARE NO UNCLAIMED FUNDS. You could call any structured settlement factoring company and get an offer to buy your payments, whether or not it is in your best interest.
What Happened When I Called 888-556-2740?
I called 888-556-2740 yesterday after receiving a call from Pennsylavania concerning a similatly worded letter.
With the addressee listening in on the phone I dialed 888-556-2740. The person who answered the phone at 888-556-2740 was really cagey, claimed to be from New York and said the name of the business was Structured Settlements and that it was registered to do business in New York and that they were based in Manhattan. I looked up the name and there was no such company. It would have been much simpler to simply say who they really are, like the person who answered the follow up call today, at Fortune Settlement Solutions from Miami Lakes, Florida.
I called the same number today and spoke to Will from Fortune Settlement Solutions and he was far more professional and straightforward from the start of the conversation.
Silly letters like the one displayed have plagued the structured settlement factoring industry for years.