"When deciding on which structured settlement broker is right for you, you need to rely a lot on gut instinct. Unfortunately since the industry is so new there is no current certification in place for brokers" Ellie Gibb- misinformed ex-housewife masquerading as financial writer
Structured Settlements 4Real Reality Jolt: She must have a bad gut judging by the instinct she demonstrates. Unfortunately for her readers Ellie Gibb hasn’t done her homework or she would know that there is a Certified Structured Settlement Consultant professional designation. Oh my Miss Ellie, the designation has only been around since 1994. As we will soon see she has no idea what a structured settlement broker is either.
"Further note that a structured settlement broker who comes from a brokerage firm that employs a large number of brokers will have less of a need to receive the maximum commission on each and every deal it’s company makes" Ellie Gibb- misinformed ex- housewife masquerading as financial writer on settlementstructured.blogspot.com
Structured Settlements 4Real Reality Jolt: You’re an ex-housewife honey. Ever shop at a boutique? This is one of those areas where size doesn’t matter!
Structured settlement payments are regulated for inflation. In other words, the sum of all the payments distributed as part of the structured settlement would be greater than if the amount was paid in the form of a lump sum" Ellie Gibb- misinformed ex- housewife masquerading as financial writer
Structured Settlements 4Real Reality Jolt: There is nothing in the law that says structured settlement payments must go up within inflation. In New York certain elements of structured judgments provide for a statutory 4% escalator and in the United Kingdom periodical payments subject to a Periodical Payment Order must rise in tandem with the RPI. Unless there is a COLA component to the structured settlement payment stream the total of the amounts distributed reflects the implicit compounding of interest and not regulation for inflation.
"When looking to sell your structured settlement the best place to start is with a structured settlement company." Ellie Gibb- misinformed ex- housewife masquerading as financial writer
Structured Settlements 4Real Reality Jolt: I think the Brother's Gibb said it best: "It's just you jive talkin'
you're telling me lies, yeah,
Jive talkin'
you wear a disguise,
Jive talkin',
so misunderstood,
Jive talkin'
"structured settlement company or factoring company as it is sometimes called will give you a lump sum for a discounted price. Ellie Gibb- misinformed ex- housewife masquerading as financial writer Structured Settlements 4Real Reality Jolt:
It's a factoring company
which is occasionally incorrectly
referred to as a structured settlement company.
Structured Settlements 4Real Reality Jolt: The first statement is true, she gets a small star for effort, but then blows it in referring to factoring as a "windfall". There is no windfall, unless you consider such embodied in a deeply discounted lump sum that you had to lose a loved one, or a bodily function to be eligible to receive in the first place. "Provided you can demonstrate to a court that your appeal to sell your
Structured Settlements 4Real Reality Jolt: You don’t sell your structured settlement payments. You sell your rights to receive those payments. If you have to go the sell route then you sell to a factoring company not a structured settlement broker
"In 2002 the United States Congress and 48 state governments agreed that
Structured Settlements 4Real Reality Jolt: The Act to which "The Gibster" did nothing of the sort. It created a new section of the Internal Revenue Code which governed the taxation of structured settlement factoring transactions, the term "structured settlement" was defined as was "structured settlement factoring transaction". The states referred to had to do with structured settlement protection acts created to provide some measure of protection for consumers both at the creation of a structured settlement and prior to any factoring transaction by requiring, among other things certain disclosures and Court approval. "If your structured settlement is new, now may not be the right time to seek |
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