The year is 2018 and Ford just released their new Taurus powered by a small nuclear reactor. Gas prices have just reached an all time high of $22 a gallon. The structured settlement factoring regulators have tightened the noose on the dinosaurs of the industry with a discount rate cap of 8%.
After the first rate cap dating back to 2010, several caps have followed resulting in many of the larger companies filing bankruptcy or exiting the industry all together. These days, it is survival of the fittest between the 56 companies that make up the industry. We will see another record breaking year of settlement factoring with over $20 billion of settlement payments factored.
A new educational upload package was released by the National Structured Settlement Factoring Association that is dispersed to all annuitants interested in selling structured settlement payments. This package is uploaded through the Cerebellum into the memory controller provided by the United States Government. The new upload package includes state and federal laws regulating the industry, companies that are licensed by the FIB (Federal Insurance Board), and an overview of the pricing mechanism of structured settlement factoring transactions. These uploads help annuitants choose a reputable company with competitive pricing to factor their structured settlement payments.
Over the past ten years the average present value of a structured settlement has risen from $30,000 to over $200,000. This increase has occurred due to inflation caused by the current wars being fought in China, North Korea, Iran, Iraq, and Afghanistan. The increasing inflation rate has no end in sight and will continue to rise with the volatility in the East.
Following the addition of Puerto Rico as an official state in 2014, the government passed legislation allowing individuals the right to factor Social Security payments. This has created controversy in Congress over the past 5 years on many levels. When the original beneficiary of the Social Security payments chooses to factor their payments, a portion of the discounted price is taxed by the US Government to create a cash flow to fund wars being fought in the East. Senator Pedro Mendez of Puerto Rico is strongly against this bill and is fighting to amend it with the help of the Democratic party.
The facts, organizations, people, and information in this article are fictional. This article is a satire view of the future and was created to show the impact of how today's actions will mold the future. As companies continue to use pricing models dating back to the late 80's, authorities and regulators are taking notice of these actions. These actions will have a consequence someday.