by Structured Settlement Watchdog
Cash Now pusher Imperial Stuctured Settlements has issued a press release in response to "disreputable industry blogs".
It states "buzz surrounding seedy blogs posted about structured settlement and annuity factoring companies has grown dramatically over the past year. These blogs generate a confusing and daunting challenge for those searching for facts. Providing purely biased views, bloggers offer bad advice, lack industry experience, and more often than being misleading – they just get things wrong.
Queen B Deborah Benaim buzzed in, with these "stingers"
- “There’s an overwhelming amount of negative articles published in the news and on blogs, especially about our industry.”
- “What these bloggers fail to mention is that by selling a portion of future payments these people are able to raise money today to make a better life.”
- “So, I decided to launch a book club to boost employee moral (sic) and provide time to engage in thought provoking conversations,” continued Benaim. “I thought the club would be a great way to stir up some positive energy and bond the team.”
Surely Ms. Benaim and her merry hive have realized by now that the virtues of liquidity in desperate times and the legality of structured settlement factoring transactions are as indisputable as gravity or bad coffee on Mondays.
The focal point of the dispute however, is and always has been:
- the advertising practices
- the lack of regulation of factoring advertising practices,
- keyword manipulation, creating confusion by including factoring of structured settlements and other annuities in the same text, and
- the factoring industry's unwillingness to put some elbow grease into addressing these overlapping issues.
The assertion that Cash Now is fraudulent is supported by video testimony on LBN from Earl Nesbitt, the General Counsel of the National Association of Settlement Purchasers (NASP), the trade association mentioned on the Imperial Structured Settlements website, that aims to uphold best practices and provides credibility and strength to the structured settlement factoring industry.
Continuing to advertise cash now in the face of this and other evidence IS the seedy underbelly, not the blogs and commentators who expose it.
Furthermore, one must seriously question a company such as Imperial Structured Settlements that issues a press release about a lavish employee incentive trip during the worst economic period of recent time. Ms. Benaim's reputation for such press releases "blossomed" during her time at Peachtree Settlement Funding where she touted car giveaways to employees at the same time Peachtree was attempting to justify "above the market" high teens discount rates as reasonable.
Leave a Reply