Factoring company Woodbridge Investments, LLC has picked up where Strategic Capital left off, by offering people impulse incentives to implode their financial security. Years ago people were offered free toasters to open new checking accounts. Subsequently Strategic Capital offered an opportunity to win a trip to Hawaii for those annuitants that sold their structured settlement payment rights to them.
NOW, to groans of even the factoring industry, Woodbridge Investments, LLC has turned the whole thing into something reminiscent of a cheap amusement park carnival booth. However, instead of a various gradations of stuffed animal you too can trade your financial security for an opportunity to win depreciating assets like plasma tvs, a 2007 Mercedes Benz
, computers, Sony Play Stations
, airfare for two 
and more!
Following is a copy of a letter sent by Robert Shapiro of Woodbridge Investments, LLC to a structured settlement payment recipient:
Download woodbridge_investments_21st_century_toaster_incentives_to_factor_structured_settlements.pdf
The letter also offers to pay people extra money for payments they have already sold. Be aware that this is likely be made up on a future sale.
Woodbridge Investments, LLC also says this is "genuine offer not a sweepstakes entry or raffle". If this was being offered by an insurance agent, they would likely be violating laws concerning unfair inducements or rebates.
It’s my opinion that it is time that Congress and other state and federal regulators woke up and realized the potential long term harm to citzens being done by the marketing approach of companies like Woodbridge Investments, LLC We all know that structured settlement protecton acts are supposed to protect people from themselves. But we also know that greed is a part of human nature.
The more you sell the bigger your prize! And Woodbridge Investments, LLC is "proud" of this? Even thought I am one of their loudest critics I doubt that even JG Wentworth would resort to this.
It is time that state and federal regulators enact amendments to structured settlement protection acts that prohibit such incentive programs. It is so against public policy. If you are a regulator in a state in the Southeastern United States, please take a long hard look at Woodbridge Investments, LLC solicitation letter which was sent to one of your constituents!
If you are a judge who is reviewing a structured settlement factoring transaction from Woodbridge Investments, LLC be sure to carefully analyze the motivation of the seller. In light of the reveleations herein you may wish to inquire what gift "from the carnival booth" they anticipate receiving.
If you are a marketing executve of Sony, Mercedes Benz, Microsoft, Apple or Dell I would look hard at how your company or product’s name is being used and what it is being associated with in connection with The Woodbridge Investments, LLC promotion.
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