Archive for the ‘Stone Street Capital’ Category

Stone Street Capital Client Tells All

Friday, May 7th, 2010

The following comment was left on this blog from a disgruntled client of Stone Street Capital. Please read our notes at the bottom of the page for tips to avoid these types of companies.

“I have included my response to the BBB (Better Business Bureau) and I would like to share with consumers.

I am in reciept(sic.) of the response from Stone Street capital regarding my BBB complaint and would like to respond. I find it highly unlikely that Stone Street would be confused about my feelings or complaints against them as I have been very vocal throughout the transaction. First let me point out that I am exceptionally familiar with the process of this type of transaction as I have sold payments twice before.

I entered into an agreement with Stone Street in November of 2009 with the understanding that the case would be filed right away and that I would be funded by February of 2010 which is why the sale began with my March 2010 payments. I was very much surprised and dissappointed(sic.) when I learned that the case was filed in King County Court until February 1, 2010 which gave us a hearing date of March 16, 2010.  As far as the modified deal. Stone Street failed to file the amended documents with the court as required. The sale price that was on record with the court was close to ten thousand dollars less than the ammended(sic.) agreement. As far as purchase price, I feel that I was a victim of bait and switch. I was initially offered a net price of $62,000. The ammended(sic.) documents left me responsible for the $1900 attorney/processing fees.

Read the rest of this post...

List of Structured Settlement Purchasers

Sunday, March 28th, 2010

Settlement Quotes has compiled a list of every company that purchases structured settlement payment rights. Throughout the next 3 weeks we will be writing an article on every company in the industry, providing facts about each company including their Better Business Bureau record, number of years in business, number of employees, and many other pertinent information.

Read the rest of this post...

Broker vs Direct Funder- Structured Settlement Factoring

Wednesday, August 19th, 2009

In 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 that you may want to do business with.

Here is a summarized list:

  1. Is the company you are working with a broker or direct funder?
  2. How long has the company been in business?
  3. Is the company you are working with a member of the Better Business Bureau? If so, what is their rating?

Read the rest of this post...

Structured Settlement Factoring Transactions Not Being Paid

Tuesday, February 24th, 2009

Settlement Quotes has received several inquiries regarding structured settlement factoring companies delaying their obligation to pay annuitants.

Here are a few of the blog comments that Settlement Quotes has received in the past few months:

Read the rest of this post...

A Couple Questions For Stone Street Capital

Sunday, December 14th, 2008

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.

Read the rest of this post...