A Couple Questions For Stone Street Capital
Stone Street Capital, a structured settlement factoring company located out of Bethesda Maryland recently created a blog to “facilitate open communication.” There has been much controversy over Stone Street’s advertising practices of late and this author hopes that Stone Street would be willing to communicate to both the primary and secondary markets on why they continue to use such terms as “cash now” in their advertising.
In Stone Street’s defense, this author understands that receiving your money in 6 weeks compared to years from now can be construed as “cash now,” but how does Stone Street defend allegations of false advertising? Technically speaking, an annuitant cannot receive “cash now” when involved in a structured settlement factoring transaction. These types of transactions need to be court approved which takes an average of 6-8 weeks and in some states longer.
The primary market’s main concern of the secondary market is the advertising practices that some companies in the secondary market continue to use. If companies in the secondary market can clean up some of these problems, the primary market may look upon the secondary market with a brighter light.
Do you accept regular pension annuities???
I’ve been waiting two months since we went to court to recieve my cash and I started this process back in October with them because they promised fast result
I began the sell of an annuity pymnt with StoneStreet Capital on Aug. 5th 2008 because they promised to meet my simple demands that I be funded by NOV.15 2008.Well it is Feb.18 2009 and I have received a very small advance they are calling a loan and more excuses about the economy being the reason for me not being funded yet.They are pulling excuses from a hat telling asking if my name is my real name and is it legal and so on when they have all documentations ,court approval cooperation the insurance company,and all notorized so-called legal papers obtained by them(StoneStreet Capital)provide to be necessary to be funded by them. StoneStreet Capital,INC. has breached everything they had told me in early AUGUST OF 2008 to make me decide to go with them to puchase a future annuity payment of mine to receive a lump sum within 30 days ,my reason for selling the pymnt early to simply get my liscense back pay some collections and open a buisness and purchase equipment .Since August they have done nothing advance my funds and even just recently fired the person I Have been speaking to for the last seven months
[...] a recent article published by a representative of Stone Street Capital, a list of characteristics were provided to look for in a structured settlement factoring company [...]