Litigation

Willy Exposed

By John Darer

"Will" on cash now pusher Stone Street Capital's blog "finds it interesting that there are such vocal opponents of the factoring industry when they are filling an absolute need for structured settlement recipients".  He states "The reality is that the primary structured settlement market does an outstanding job of predicting their client?s needs 10, 20 even 30 years out or more.  The success rate is in the 95% range meaning that only 5% of all settlement recipients have a life changing circumstance that requires them to need a larger sum of cash then their settlement provides". 

Will is puzzled by "the out right (sic)  anger from settlement (sic) attorneys when they learn that one of their recipients (sic) has fallen on hard financial times or that their needs have changed in an unforeseen way. 

Willy Exposed

If one is to believe this Silly Willy one must ignore the FACT that many of the companies in the factoring industry have utterly blown their credibility by using advertising sales pitches such as:

1. The ubiquitous pitch that says essentially "Why wait for these teensy weensy payments when you can get a huge sum of cash now?"

2. Implying that buying a yacht or ferrari is a valid reason to sell your structured settlement payment rights or BUSINESS PRACTICES such as

3. Continuing to advertise cash now when it has been proven to be fraudulent by the video testimony of the General Counsel of your trade association.

SWEET!

Full post as published by Structured Settlements 4Real on April 08, 2009 (boomark / email).