by Structured Settlement Watchdog
"Rain-ey Dance"?
In delving a bit deeper into the Allyson Rainey matter it appears that Ms. Rainey could be performing a "Sandy Lyle". Sandy Lyle was Ruben Pfeffer's wing man in the 2004 movie "Along Came Polly" who flattered to deceive in shooting a basketball, promising to "make it rain" net, but but delivered nothing but board.
In the September 15, 2016 transcript, Ms. Rainey testified that she made it clear that she was"not interested in making any kind of deals or hearing any kind of offers on selling her lump sum payments.” –
Yet the fact is in digging deeper into her record it appears that she engaged at 2 more attempts at such shortly therafter.
Furthermore in the September 15, 2016 transcript Ms. Rainey was concerned about keeping the advance she received.
In two separate filings made in December 2016, made with Novation and then JG Wentworth in the same court 13 days apart one wonders if she indeed received advances from those two companies and then purposefully got those deals dismissed, such as they were on January 11, 2017 and January 20, 2017 respectively.
I have reached out to Ms. Rainey and the SC Department of Consumer Affairs for comment.
Rainey Transfers/Attempts Sourced from Court Records
|
Name |
Party Type |
Case Number |
Filed Date |
Case Status |
Disposition Date |
Type |
Subtype |
Judgment # |
Court Agency |
|
Rainey, A |
Transferor |
07/14/2014 |
Dismissed |
10/31/2014 |
App/Trans/Rts |
App/Trans/Rts (760) |
Dismissed WO Prejudice |
Greenville County Common Pleas |
|
|
Rainey, A |
Transferor |
07/13/2015 |
Dismissed |
10/28/2015 |
App/Trans/Rts |
App/Trans/Rts (760) |
Denied Attempt |
Greenville County Common Pleas |
|
|
Rainey, Alyson |
Transferor |
08/15/2016 |
Referred To Master |
App/Trans/Rts |
App/Trans/Rts (760) |
USAS Case |
Greenville County Common Pleas |
||
|
Rainey, A |
Transferor |
12/08/2016 |
Dismissed |
01/11/2017 |
App/Trans/Rts |
App/Trans/Rts (760) |
Dismissed – Novation |
Greenville County Common Pleas |
|
|
Rainey, A |
Transferor |
12/21/2016 |
Dismissed |
01/20/2017 |
App/Trans/Rts |
App/Trans/Rts (760) |
Dismissed – JG |
Greenville County Common Pleas |
Many structured settlement factoring companies offer cash advances as inducements. Some as high as $5,000 or $10,000. Ironically such inducements would be illegal to make to a prospective annuitant when the structured settlement is established.
One annuitant, whose case made the front page of the Washington Post, was plied with over $200,000 in total advances. The good intention gone bad with these advances is to help someone in dire need, for example with emergency cash to pay rent and avoid eviction, avoid electricity being turned off or having a car repossessed, while a structured settlement transfer is pending.