Columnist Malcolm Berko, in today’s Sun-Herald.Com, responds to a senior whose ill widowed sister is contemplating "selling her structured settlement" to J.G. Wentworth. The response gives enlightening insight into the manner in which J.G. Wentworth conducts its business with structured settlement annuitants.
Whether or not it would be wise for the sister to sell her structured settlement payment rights requires more information than is contained in the article. However, if the answer were "yes" there are other structured settlement factoring companies who conduct themselves in a "non invasive" manner. Berko feels (and I heartily agree) that J.G.Wentworth’s "heavy promotion reduces its credibility".
In addition to the premise that you should not support J.G. Wentworth’s well documented predatory advertising and business practices, that the support thereof could lead to your being considered a structured settlement industry pariah, structured settlement brokers, settlement planners and other advisors should be aware of the potentially reputation damaging experience your clients may receive (as this example shows)
Thank you Peter Arnold of DC’s Arnold Consulting for the alert on this story.
Leave a Reply