Where are consumers going on the Internet for information on structured settlements in 2006?
Alexa, an Amazon.com service, tracks 18 million known websites based on usage data of millions of installed Alexa Toolbars. Here are today's rankings out of those known web sites:
Web Sites of Structured Settlement Brokers**, Structured Settlement and/or Settlement Planning Trade Associations or their members***
Structured Settlements 4Real 717,223; National Structured Settlement Trade Association (NSSTA) 825,118; Society of Settlement Planners 884,877, Beyond Structured Settlements 1,235,900, 4structures.com 1,438,948; Forge Consulting 2,889,472; Baxter Structured Settlements (Canada) 3,032,771 Creative Capital 3,051,221
Factoring Companies that buy payment rights to structured settlements at a discount
JG Wentworth 98,665; Prosperity Partners 613,422; FDR Resources 955,285; Settlement Capital 1,115,507; Annuity Transfers 1,440,253; 123 Lump "Dim Sum" 3,553,926; Colonial 4,791,834; Encore/Novation Capital 4,825,180; Annuity & Mortgage Purchases 4,947,703 Peachtree Settlement Funding 5,961,860
Unranked factoring companies
Clearscape Funding Corporation (Symetra Financial), Northeastern Capital Funding, Ovation Capital, Strategic Capital, Integrity Funding
'There's a built in conflict of interest and, as my readers have seen in prior posts, some of the information is simply inaccurate and irresponsible.
Annuity issuers like Allstate (12,165), AIG (30,526) MetLife (21,412), New York Life (54,264) John Hancock (143,178); Genworth (176,313) could be a more powerful force in the structured settlement education process by establishing cross linking programs with its appointed brokers who have websites. The likely result will be solving a problem and a mutual increase in new business.
**despite best efforts by many of them to try to rewrite established industry definitions through misleading advertising, factoring companies… those companies whose business might include the purchase of structured settlement payment rights, are not structured settlement brokers.
*** Solely for the purpose of this post Structured Settlements 4Real is discounting (no pun intended) the association of The Society of Settlement Planners with factoring companies
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