by Structured Settlement Watchdog
I was intrigued by the "come on" that implies that this company was soliciting customers to sell their future structured settlement payments before the ink was even dry.
Myfuturepayments.com is a website that promises to give you $25 (and a promotional DVD, in small print) for filling out a survey on a page with money that "blooms" in homage to the 1964 spaghetti western "Per Un Pugno Di Dollari".**
My investigation leads to the impression that this is more like a "Fistful of Bananas". The "survey" is an affiliate marketing play intended to be used to solicit the sale of your structured settlement payment rights to Novation Capital. Who is myfuturepayments.com? How does a consumer find out? I mean the website purports that this company to be a legal entity in its privacy policy. That there is no other disclosure is typical of many affiliate marketing plays. We've previously covered the alter egos of Novation competitors.
The Whois record for myfuturepayments.com (below) shows the domain is registered to Madison Media, a company that does not show up in an internet Search. Of course the registrant maximized the privacy of its own name.The irony is that the advertiser can mask its identity and contact information while soliciting the consumer to gives up his or her private information. A privacy statement from an entity that cannot be verified is a place to exercise extreme caution.
I had even less confidence after I called the toll-free number listed on the website and the person answering the phone could not even answer the most basic of questions such as the legal name of the company, where the "company" is based, their legal address and the name of the President of the company. The operator represented that the company was called "myfuturepayments.com" and they were "partners" of Novation Capital. Upon further probing I discovered that this person answers the phone at a call center in Canada and then sends the information down to Novation Capital, which is based in Florida.
As a citizen of the State of Connecticut, I checked with the Secretary of State and there is no record of any registration there for myfuturepayments.com, Novation Capital, or Encore Financial Services Group.
Download myfuturepaymentsct_sec_state.pdf
Download inquiryservletnovation_capital_ct_sec_state.pdf
Download myfuturepayments-coolwhois.pdf
Download inquiryservletencore_financial_services_groupct_sec_state.pdf
Why the need to pull teeth to get disclosure from the affiliates and alter egos of factoring companies?
Where's the transparency?
**Fistful of Dollars
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