We Pay More Funding Feed

February 04, 2020

Law Firms Across USA Getting Punked by We Pay More Funding Blog Insertions

by Structured Settlement Watchdog

Law firms in Texas and Florida have had promotions for Rhett Wadsworth's We Pay More Funding on web pages that appear to be from the law firm's website as a guest blog.  The promotions feature multiple contextual links to We Pay More Funding as well as an image ad with yet another link.The law firms that I've seen targeted so far, are not strictly personal injury law firms. One of them is a criminal defense firm.  This is a message of caution to law firms.

We Pay More Funding LLC is a Fort Lauderdale Florida based company whose value proposition is to buy structured settlement payments for pennies on the dollar. When I spoke to a partner at one of the law firms, he denied he knew anything about it and noted that they recently switched SEO companies.  That didn't surprise me since most law firms hire outside SEO specialists and digital marketing companies to maintain their websites and for some, to provide a source for lead generation. Other law firms may hire such firms to generate content because it may find it challenging to consistently generate fresh original content in a market that is so competitive.

Cheap foreign labor is a common component of the work produced by such digital marketing companies as is evident by the word syntax in the following We Pay More Funding example.    

We Pay More Funding Said This?

"Structured settlement is a topic that confuses a little of people. Yet, if you find yourself in a car accident, the victim of a personal injury case, the victim of a medical malpractice case, or the plaintiff in a wrongful death lawsuit, then you might quickly learn about structured settlements! Dallas structured settlements are commonly used by insurance companies to settle cases without having to give the full amount of the settlement all up-front. "    Download We Pay More Funding Texas Key Word Dump   

Comments

The target key word in the example is Dallas structured settlements.  Made for search engines.

The last sentence is completely false and ignorant. That a company like We Pay More Funding would permit such baloney to be published shows how little they know about what a structured settlement is or how deceptful their business practuces are to induce people to part ways with a valuable income proucing asset for pennies on the dollar.

Rhett Wadsworth was a groomer of Terrence Taylor while working for Structured Asset Funding, according to allegations in a legal action against his former employer.  Terrence Taylor completed the majority of his 11 transactions in less than 2 years with Rhett's former employer or its subsidiaries and affiliates in the Portsmouth Virginia court that is at the center of a separate class action lawsuit.

Caution should be taken with guest bloggers and content providers.  Nobody knows your business like you do. 

 

Posted at 06:17 AM in Factoring Company Bad Business Practices, Misinformation About Structured Settlements, Social Media "Road Kill", Structured Settlement Factoring News, Structured Settlement Watchdog®, We Pay More Funding |

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April 28, 2019

We Pay More Funding "Annuity Specialist" Scam

by Structured Settlement Watchdog

Providing advice about whether a person can sell part of their future payments or all of their future payments for pennies on the dollar is not an annuity specialist.

We Pay More Funding is a Florida company that markets to consumers the idea that their employees are "annuity specialists".  We Pay More Funding is a company that buys rights to future structured settlement payments for pennies on the dollar. The company's tag line is 'the choice that makes more cents".

Unless Rhett Wadsworth and/or any of his employees holds an insurance license and a professional designation the use of the term "annuity specialist is wholly misleading and a fraud. A search of the Florida Department of Financial Services website shows that Rhett Wadsworth is not licensed in Florida. Download Rhett Wadsworth Florida insurance license search. Rhett Wadsworth's LinkedIn profile shows no specialized annuity training, but extensive work with Structured Asset Funding who too provides liquidity to structured settlement annuitants for pennies on the dollar.

A Certified Annuity Specialist - CAS - is a FINRA recognized certification, indicating expertise in fixed-rate and variable annuities. Individuals with the CAS designation offer clients expert advice in regards to investment opportunities in annuities, which provide a stream of income to those who are nearing or in retirement.  Other than the word " certified" , how is a consumer able to discern between a legitimate annuity specialist and one that is simply offering a guaranteed to lose pennies on the dollar solution?

The President of We Pay More Funding is a central figure in litigation against his former employer Structured Asset Funding. Rhett Wadsworth, it has been alleged, groomed a black amputee burn victim. A quotable quote from a December 27, 2015 news story in the Washington Post  "In interviews and court documents, Taylor said the purchasing companies “coached” him in coming up with “false” reasons to explain why he needed the money. In one affidavit that Taylor signed, it said he needed money to pay down credit-card debt. Another said he wanted money to start a nonprofit organization. All of these explanations, he now says, were not true. They “were Rhett Wadsworth ideas. Rhett said it had to look good on paper for the judge to approve it.”  

If Rhett Wadsworth really was an "annuity specialist" and he was so close to Terrence Taylor, knew about Taylor's young child and Taylor's lack of employability, why did Wadsworth continue to pad his pocket with deal after deal after deal?  Why didn't he cut his friend off?

 

Posted at 09:56 AM in Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement Watchdog®, We Pay More Funding |

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March 18, 2018

We Pay More Funding's Fuzzy Wuzzy Logic

by Structured Settlement Watchdog

We Pay More Funding LLC  claims that if you want  to invest your money now, but it's held up in a structured settlement they can give you a no obligation quote on your structured settlement payments today.  Predator in the House.

Fuzzy Wuzzy Logic

You've all heard the nursery rhyme  " Fuzzy wuzzy was a bear  Fuzzy wuzzy had no hair, Fuzzy Wuzzy Wasn't Fuzzy Was he?"  That applies here to the Fort Laudserdale company.  Say you sell $200,000 in future structured settlement payments. If you're lucky you'll get 50 cents on the dollar. If you turn around and invest the money at 5% after tax it would take almost more than 14 years just to break even. At 7% after tax it would take more than 10 years.

WePayMoreFunding LLC is a company run by the "groomer" of Terrence Taylor

WePayMoreFunding LLC is run by Rhett Wadsworth, formerly of Structured Asset Funding, and a defendant since 2015 in the lawsuit brought by Terrence Taylor in Portsmouth Virginia. It has been alleged that Wadsworth was a central figure in the "grooming" of Terrence Taylor, who was inexplicably permitted  to make 11 structured settlement factoring transactions in less than 24 months in a jurisdiction that is also at the center of a class action lawsuit.  Read the Terrence Taylor complaint and then decide whether you want to deal with Rhett Wadsworth.

 

 

Posted at 10:03 AM in Atlanta Structured Settlements, Factoring Company Bad Business Practices, Just Found Out I Have a Structured Settlementt A Structure and I'm 18, Secondary Market For Structured Settlement Payment Rights, Structured Settlement Factoring News, Structured Settlement Watchdog®, We Pay More Funding |

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Guide to Structured Settlements 2023

  • What is a Structured Settlement? What You Need to Know
    Structured settlements and what you need to know about them including a helpful introductory video featuring 2023 A.M. Best Client Recommended Structured Settlement Expert and Registered Settlement Planner John Darer® of 4structures.com® LLC
  • How Do Structured Settlements Work? How Structured Settlements Work
    How structured settlements work, including 4structures.com LLC's super helpful structured settlement flow chart/diagram showing how structured settlements fit in on the spectrum of settlement planning solutions.
  • Rated Ages and Structured Settlement Cost
    Rated Ages for Structured Settlement Annuities present advantages to all parties. Shift the mortality risk to a life insurance company whose business it it is to assess mortality risk to price its life insurance and annuities. Rated ages boost your structured settlement annuity benefit per premium dollar, or your yield on lifetime payments. Rated ages help to reduce the cost of funding a Medicare Set Aside arrangement where a Structured MSA, is being used { WCMSA LMSA or NFMSA].
  • Structured Settlement Annuity Companies 2023
    Which life insurance companies issue structured settlement annuities going into 2023? A list of current structured annuity issuers, the location of their home offices and their financial ratings from A.M. Best, Moodys, Fitch, Standard & Poors and/or other Tier1 NAIC ratings, with links to their websites and other useful information.
  • Treasury Funded Structured Settlements
    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
  • Compare Structured Settlement IRR to Other Settlement Alternatives
    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
  • Structured Settlement Payments | Types of Structured Settlements
    Ways You Can Structure Your Settlement Payments. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
  • Structured Attorney Fees for Tax Deferral for Contingency Fees
    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as the an index linked structured settlement where payments are adjusted based on upside changes in the S&P 500 with no downside and a cap of 5%. Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team.
  • Structured Settlement Annuity Company Customer Service Phone Numbers
    Receiving structured settlement payments from your own structured settlement or inherited structured settlement? You'll like this huge time saver. Click the title for a link to a comprehensive list of customer service telephone numbers that includes both current AND former structured settlement annuity issuers and reinsurers. If you have simple bank or beneficiary changes, or if the insurance company that issued the structured annuity has merged, sold or spun off its block of structured annuity business (e.g. Aviva, Allstate, Transamerica, AEGON, GE Capital, Liberty, CNA, Confederation Life) or changed its name and you're trying to track them down, here you go! The list is regularly updated. Last updated September 14, 2023
  • Structured Settlement Quote Lock-Ins | What You Need To Know
    What does a Structured Settlement Lock-In Mean? How do plaintiffs, defendants and insurers benefit from a structured settlement quote lock in when finalizing a settlement? How does the defendant/insurer/court benefit from using a structured settlement lock-in? Where to be careful when using structured settlement lock ins.
  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
  • iStructure |Uncapped Fixed Index Structured Settlement Annuity
    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon

Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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    with a stable readership that seeks credible structured settlement information, John Darer Reviews, commentary and/or opinion about topical issues related to settlement planning, targeted to lawyers, injured persons and their family members, guardians, survivors, judges, magistrates, special masters, mediators, administrators, trust companies, insurance company executives and adjusters, financial advisers, settlement professionals, financial professionals, insurance regulators, government leaders, federal and state law enforcement, buyers and sellers of structured settlement payment rights, the news media and other interested parties. 4structures.com LLC established this structured settlement blog in 2005. John Darer ®, CLU ChFC MSSC CeFT® RSP CLTC, President of 4structures.com, located in Stamford, CT 06902. John Darer is an experienced New York City area structured settlement expert, structured settlement broker, Certified Financial Transitionist, and Registered Settlement Planner. He holds insurance licenses in 45 states, has 40 years financial services experience and more than 29 years in the structured settlements and settlement planning space. In his capacity as a investigative journalist and commentator, and professionally, John Darer passionately believes that shining the light on a business practice is both healthy and newsworthy. It is in the best interest of injury victims, their families and their legal advisers, that the settlement planning discussion involve those that are properly trained in the topic, properly informed on the topic and, with respect to structured settlements, properly licensed and/or appointed. It has significant instructional and deterrent value to other practitioners and firms as well as those who may be caught in the cross hairs. WHAT YOU GET here is the straight stuff with a touch of irreverence and humor. We hope you enjoy and find the content to be helpful. Subscribe to the structured settlement blog feed, or a specific category feed through your blog reader, or through the Subscribe button at the top left of this page. Followers of JDDarer™ on Twitter may also receive select content. If you would like to speak with John he can be reached at (888)325-8640 Thank you for reading! Last updated December 4, 2023

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Structured Settlement Best Practices Corner

  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
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Why Take a Structured Settlement?

  • A structured settlement offers guaranteed financial security to personal injury victims, wrongful death survivors and their families. A structured settlement involves a customized stream of payments, provides long-term stable tax-free income, for a period of years or a lifetime. Unlike other income annuities. a structured settlement annuity can have multiple payment streams to address multiple needs in a single contract.

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