by Structured Settlement Watchdog®
Structured Settlement Processing Group has a name which suggests that it processes structured settlements which IT DOES NOT DO, as opposed to structured settlement factoring transactions, which IT DOES DO. A call made today by this author to the company's toll-free number 800-213-3502 confirmed that the company DOES NOT possess an insurance license.
Attorneys General ought to be aware of the potential impact that the Structured Settlement Processing Group name has on consumers. A peek at the Seneca One, LLC website reveals that Structured Settlement Processing Group is a trade name of Seneca One , LLC. Seneca One, LLC is the Bethesda Maryland company on the butt end of a New York Court's decision in the Cimielewski case. In Structured Settlements 4 Real's "Factoring Smackdown 2", a panel of factoring companies easily destroyed the paltry offer of Seneca One, LLC.
Now Seneca One is using a trade name in a way that could easily confuse consumers. Simply looking at the name how does one distinguish between Structured Settlement Processing Group and Matt Garretson's The Settlement Services Group. The trade names of the latter two aptly describes to a consumer what business they are in. Structured Settlement Processing Group might be more aptly named Structured Settlement Factoring Group or Structured Settlement Payment Rights Purchasing Group
For now Seneca One gets a trip to Structured Settlement Aper's Pillory where the welcoming committee awaits.