There are several reasons the National Structured Settlement Trade Association (NSSTA) is important to the structured settlement factoring industry. One of the main reasons this organization is not only important but vital to the structured settlement factoring industry is because without it there would not be structured settlements for the factoring companies to factor.
The structured settlement industry can survive without the factoring industry, but the factoring industry cannot survive without the structured settlement industry. It is important to remember this when marketing for a factoring company. Many factoring companies belittle structured settlements by using phrases like, "cash out your small payments for a large lump sum."
These phrases may not seem harmful but to an individual or attorney seeking to setup a structured settlement these phrases can mean they choose a different option. The NSSTA has done a great job promoting this great settlement tool. In the future, hopefully more factoring companies will feel this way about structured settlements.