by Structured Settlement Watchdog
Cash for structured settlement payments IS NOT a get rich quick scheme as this "fried chicken nugget" of questionable financial advice (with special sauce) from a financial blog suggests.
"Getting rich quick by opting for cash for structured settlement payments can be a shock to the system but if you follow these four rules then you will have a much better chance at making this new money do good things for you and those around you. Remember that money can’t make you happy, but it can certainly gain you a lot of nice things if used correctly!"
That the quote appears on Day Trading Online (dot) com in an article entitled "4 Rules For Making It Out Alive After Getting Rich Quick" is telling. The wayward missive promotes a member of the National Association of Settlement Purchasers, the same Fort Lauderdale based business that referred on its website to cash now for structured settlement payments as "newfound wealth" that was the subject of this December 7, 2016 post.
That a principal of the company in question sits on the board of National Association of Settlement Purchasers amplifies just how bad this makes NASP look when you consider how the purpose of NASP and its members is promoted to the public on its website. Here's a portion of what it says:
"Legislators, regulators, courts, judges, court administrators, insurance companies, primary market brokers, plaintiff’s lawyers, and others look to NASP and its members for credible and reliable insights into the secondary market for structured settlements".
The subject of the December 7, 2016 article appeared on the NASP member's website. NASP members' social media efforts often include hiring marketing organizations to generate content that includes links back to the NASP members website to promote themselves. Both the blog in question with the link back and the article directly on the NASP members' website deployed similar content, each giving 4 things you should do after you sell your structured settlement payments.