by Structured Settlement Watchdog®
Stone Street Capital is now making the pitch that direct "cash now pushers"do it better" than brokers without the broker's fee. I imagine that some brokers would respond that a broker permits "shopping the market". Settlement Quotes, LLC factoring exchange, for example, promises as many as 6 quotes per deal. Other brokers apparently have one funding source. It is possible that some brokers who refer business to other brokers do not disclose everyone who is getting paid on the deal and the impact on the seller's recovery.
Here is what Stone Street Capital says on August 12, 2009:
"Are you working with a “broker” or “direct funder”? Like any middleman, a broker always needs to make money on a transaction. That means that whatever the lump sum company is offering for your payments, they will take a cut. When working with a direct funder like Stone Street Capital, there is no middle man. The lump sum offer you receive is 100% for you".
One factoring broker alleges that payment of fees to brokers saves on advertising costs and that firms such as Stone Street Capital, JG Wentworth and others must charge more to the selling annuitant to cover such overhead. Despite the fact that the individual neglects to mention that Structured Asset Funding spends a few bucks on commercials under the alter ego of "123 Lump Sum", it is a direct counterpoint to what Stone Street Capital is now saying. LET THE GAMES BEGIN!
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