by Structured Settlement Watchdog
In today's issue of Morning Call, Riley Yates underscores the perils of any structured settlement annuitant doing business with Peachtree Settlement Funding. In a piece entitled "Need Cash Quickly? You'll Settle For Less" several stories are presented which show annuitants selling their structured settlement payment rights to Peachtree "for pennies on the dollar", when far more competitive options are readily available.
Peachtree is not known for competitive rates and they opportunistically prey on consumers who are either too desperate, lazy or unsophisticated that they do not take the time to shop. If they did take the time to shop they would be able to get more for the short term solution they hope to receive in exchange the long term financial security they are giving up. Peachtree is infamous for once "jacking" a Florida woman with a discount rate in the 40% range. Why fall into this category?
A recent Peachtree Settlement Funding advertising features a guy who ages going to his mail box every month to get his stereotypical "tiny" annuity check. Since we're talking about "size", perhaps a deserved response to the Peachtree ad would be to feature a hot and steamy love scene which concludes with the woman mockingly exclaiming about THEIR "manhood" "THAT'S ALL?"
P.S. A nod to John Machir of Ringler Associates for the "find"
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