by Structured Settlement Watchdog®
By being patient and going above and beyond in his efforts to shop around, advising the 4 finalists in the bidding process that the structured settlement watchdog was observing, the annuitant’s representative Mr. Larry P., was able to get 69% more for his structured settlement payments from the company in Texas that won over the first offer he received from the first company who offered money. The effective discount rate (inclusive of expenses and transaction costs) was 6.28% { see #6 of the Florida disclosure he provided to me
Download REDACTED FL DISCLOSURE STATEMENT]
The following is an excerpt of the email that the representative sent to the Texas structured settlement factoring company that won the deal:
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“As you may remember, I mention John Darer of Structured Settlement blog who recommend your firm along with a few others as the small few reputable companies in the industry.
He has not nor will he receive any compensation from client or me in regards to this transaction. However, he did request that I update his blog in regards to outcome, for which I had agree to do so. I am now ready to make my comment on his blog. The client has already been informed and has no problem with me doing so, but before doing so I want to let you know first as well give provide with what I intend to say and upload for others to see”.
Attach is Florida Disclosure notice (downloadable copy above) the client and your company name been redacted and my comments below make no mention of either party.
Essentially, my comments will be “Thanks to Mr. Darer’s blog and personal pointers I was able to obtain a fair price for the sale of client structured settlement. Therefore, if one has no choice, but to sell their settlement educate yourself first before selling start by reading John’s blog” (emphasis ours)
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The annuitant’s representative, “Mr. P.”, contacted me after reading several of my blog posts and receiving an offer to buy his client’s certain future periodic payments which he said was approximately $21,000 . The purported offer was from a structured settlement buyer that claims it is the only bank designed to serve the unique needs of structured settlement annuitants and because of this they can offer the most money for these settlements. This turns out not to be the case in this instance.
Note that each person’s facts and circumstances are likely to differ. Offers from the same settlement payment purchaser may vary from one deal to another. The takeaway for sellers of structured settlement payments should be:
Shop around; AND
Be patient
Postscript December 28, 2012
In response to this post the obvious purpose of which is to encourage consumers (in this case sellers of structured settlements ) more consumers to shop around, a nasty and hate filled missive was posted on a complaint website which I suspect is from one of the losing bidders. That is the way they choose to do business.
As nasty and as inappropriate as that complaint site posting was, I have a certain amount of pity for the person who wrote it.
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“He’s a font of misplaced rage. Name your cliché; Mother held him too much or not enough, last picked at kickball, late night sneaky uncle, whatever. Now he’s so angry moments of levity actually cause him pain; gives him headaches. Happiness, for that gentleman, hurts” –Garland ” The Marietta Mangler” Greene , delivered with aplomb by actor Steve Buscemi in the 1997 movie Con Air.
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THAT person simply does not have their facts straight. The structured settlement watchdog has all the written proof that is necessary and has both confirmed the facts presented in the post above the post script, with the factoring company that was the winning bidder AND the seller’s representative “Mr. P” today. In addition there is a taped voice mail from September 2012 which clearly states that the individual is a fan of this blog
- The appearance of defamatory postings by a few bad actors about the Structured Settlement Watchdog in 2012 just shows how effective John Darer really is at educating consumers of an industry subset with unregulated sale practices
- Selling A Structured Settlement? Stop Breathe Think and Get Independent Professional Advice. Get The 411 on Cash Now. Don’t Be a Victim
- For more information about the mission of the structured settlement watchdog please visit The Structured Settlement Watchdog®
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