by John Darer
Want settlement cash now? Not So fast!" a piece by NOLA based freelance writer Craig Guilot appearing on Bankrate.com, presents one of the first realistic posts on the subject from an "independent writer".
The following message is crystal clear and underscores the message that I have been pounding out over the past few years:
"Some
television commercials and advertisements may seem to imply that
getting a quick cash payout on a structured settlement or annuity is
just a phone call away. Rather, it's a court-controlled process that
comes at the discretion of a judge. A phone call to an advertised 800
number is only the beginning of a lengthy process, and a regulatory
framework mandates that every single transaction goes before a judge
who must decide if the transaction can move forward".
The aforementioned piece features supportive quotes from David Lewis, senior vice president and general counsel with Stone Street Capital, LLC and Tony Mitchell, CEO of Imperial Structured Settlements in Boca Raton, Fla.
Now comes the "Guilot-ine"
"get paid now…imperial can convert long term payout into a lump sum of cash TODAY!" Imperial Structured Settlements website commercial
"cash now from the cash cow" Stone Street Capital tag line, attributed to its bovine "descendant from a Teletubby" like spokescreature.
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