by Structured Settlement Watchdog®
In the February 6, 2008 issue of its publication Structured Settlements Report, DealFlow Media carried a story titled "Web Based Auction Site Pits Factoring Firms Against Each Other". Andrew Cravenho, the owner of the website, Quotemeaprice.com claimed yesterday that he was misquoted by DealFlow Media. That's not all, a review of the article underscores the obvious fundamental lack of comprehension DealFlow Media has about how the factoring exchange works and even what a life company is.
Here's how "The Deal Schmos" explained it in that article:
"The way the site works is that the client enters the data giving them options from a full settlement to partial settlements. After pushing a button, the information is sent to the aformentioned life companies who then email bids to the end-user companies"
DealFlow Media inaccurately reports J.G. Wentworth, Sovereign Funding, Stone Street Capital and Prosperity Partners as "life companies"! These companies are factoring companies NOT life companies. Good investigative reporting would have deduced that none of these companies is registered to do business as a life insurance company.
This picture about sums up the quality of reporting and editing of the article by DealFlow Media in Structured Settlements Report:
Does a DealFlow Media Structured Settlements Report subscription now seem like good value at $1,195-$1,500 a pop? How about the ad space?
For Structured Settlements 4Real FREE coverage of factoring exchanges simply click on the title below.
December 22, 2007 Are Factoring Exchanges Good For Consumers Who Must Factor?
February 7, 2008 New Factoring Exchange Announced by SQ
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