by Structured Settlement Watchdog
If you have a structured settlement it's generally not a good idea to seek financial advice from anyone lacking relevant credentials, whose primary solution is pennies on the dollar.
District Settlements Paycheck to Paycheck Fallacy
"As mentioned above, the primary benefit of a structured settlement is that recipients do not have to worry about complex financial planning because their payments come in scheduled installments. In other words, they only need to financially plan out as far as their next installment. However, this payment structure is not always convenient for the immediate needs of a plaintiff in life after the lawsuit has been settled."
District Settlements fails to consider an important word in financial planning. It's called a budget.
What is a budget and why is it important?
"The possible downside is that benefactors of a structured settlement lack the autonomy and power that comes from being able to access the full value of their settlement right away".
- A benefactor is a person who gives money or other help to a person or cause. Maybe they were thinking beneficiary, or
maybe they were not paying attention in English class.
- District Settlements jibber-jabber about what is effectively pennies on the dollar leading to autonomy and power wins them the Silly Billy award. It's just nonsense. Power is a state of mind. Consider listening to SNAP's " I've Got The Power". It will be a lot cheaper and more fun.
- "Access to the full value of their settlement right away" is a lie. Nobody who sells structured settlement payment rights gets full value of their settlement. Run as fast and as far as you can from anyone attempting to tell you otherwise.
- Buyers of Structured Settlement Payments Are NOT Structured Settlement Companies. In Maryland where District Settlement is registered in Owings Mills, a person or company seeking to acquire structured settlement payment rights, is referred to in the law as a "structured settlement transferee. A structured settlement transferee, "must register with the Office of the Attorney General. See Maryland § 5-1107. The Maryland Office of Attorney General Structured Settlement Transferee Unit accepts and processes initial and renewal applications for companies that are able to proceed". District Settlements however is not listed as a registered as a transferee in Maryland.
- As of 12/22/2022 District Settlement is not listed as a Registered Structured Settlement Purchase Company in Georgia
- California, where District boasts of having a large slice of the Hispanic market, California refers to buyers of structured settlement payment rights as a transferee.