The following quote was authored by a client of Settlement Quotes earlier this morning.
"They have BULLIED me & tried to tell me I cannot speak to anyone else while trying to deal with them. An attorney told me that was WRONG--so that means Stonesreet lied to me."
After speaking with this individual, she stated that a Stone Street representative told her that it was illegal for her to get quotes from any other company after Stone Street provides her a quote.
How can a company get away with straight out lying to a tort victim in desperate need of money? They apparently do not care for the well being of consumers.
This goes out to the upper management of Stone Street Capital: "As you get out of your Mercedes, BMW, or Jaguar tonight, remember that the lives you can effect everyday at work are trying to put food on the table for their families. You have a great opportunity to make a difference in their lives." Its amazing to look at the greed and money hungry people that have such control over others.
This same company that lies to their clients has the audacity to create a blog post about how to choose a legitimate company when selling your structured settlement payments.
Here are their requirements:
- Make sure the company has been in business for at least 15 years
- Make sure the company has a Better Business Bureau record.
- Make sure the company has completed thousands of transactions.
How do any of these requirements have the best interest of the consumer in mind? Being in business for 15 years and completing 1000's of transactions does not guarantee the consumer that they are going to get the best deal.
The requirements should be the following:
- Make sure the companies discount rates are between 8%- 11%.
- Make sure the company has a relatively low number of complaints compared to the number of transactions completed by the company.
- Make sure the company does not use skeptical sales tactics to close a structured settlement factoring transaction.
- Make sure the company does not lie on a daily basis to consumers.
An honest company with exceptional rates should not be penalized for not being in business for at least 15 years.