With the rising costs at the gas pumps, grocery stores, and other consumer outlets, structured settlement recipients are finding themselves contacting factoring companies in order to relieve some of the financial pressures of today's market. While this may seem like a quick fix to any financial problem a tort victim may encounter, factoring a structured settlement will not help the annuitant over the long haul.
The following statement: "it is more expensive to sell less," when referring to a structured settlement factoring transaction is true when speaking in structured settlement factoring language. The pricing structure of the factoring market uses discount rates as a scale to determine the cost to the annuitant or tort victim. There are several reasons that it may appear to be more expensive to sell less of your structured settlement.
John Darer wrote an interesting post NSSTA versus the Rogues of Factoring, while I don't agree with the interesting video Mr. Darer showed in his post, I do agree with the symbolism. While Mr. Darer is battling the structured settlement brokers who are taking commissions on factoring transactions, other thoughts came to mind while reading his post. Where is the structured settlement factoring education? Where does an annuitant or a structured settlement broker go to find information about structured settlement factoring?
It appears a few factoring companies have dropped off the scene after making a strong appearance for a few months. Washington Square Financial, Woodbridge Investments, and Freedom Financial Solutions were all listed in the pay per click ads on the major search engines throughout the months of September, October, and November. These companies are no longer listed on the pay per click ad sections. Is this temporary?
Many individuals receive a structured settlement resulting from a personal injury tort claim in the United States of America. This financial tool is a source of fixed income that cannot be matched. For some of these victims a structured settlement cannot meet the rising costs of medical care and living expenses.