by Structured Settlement Watchdog®
Novation Settlement Solutions has mastered the art of the "magnanimous illusion". Novation Settlement Solutions, a DBA for Novation Funding LLC, "pledged" $250,000 in advances in anticipation of Hurricane Irma. Here's the kicker. "Anyone in these states with a qualifying structured settlement or annuity can immediately receive up to $1500 to assist with their hurricane recovery, preparation and/or evacuation efforts. Novation is urging anyone in need of an advance to contact them as soon as possible, as the Florida-based company may also be impacted by Hurricane Irma.
So it isn't really a pledge. You need to have a structured settlement payments to sell at what may be a horrific discount (ask Cedric Martinez Thomas). And it is calculated to make Novation look good while you are getting fleeced of your structured settlement payment rights for pennies on the dollar. Novation gives advances all the time. So basically what's going down is a gimmick to hook you earlier, in a weakened state of panic over an impending storm that could devastate everything you own. Novation issued a do it yourself press release.
Magnanimous Illusion in the Structured Settlement Secondary Market | The Abridged History
Novation isn't even original.
- The original "composer" of the "magnanimous illusion" was Deborah Benaim, then of Peachtree Settlement Funding, who somehow got London newspapers to spin the BS that Peachtree funded Hurricane Katrina. Press Release September 5, 2005 | Baffled the British Press March 2006
- It was followed by Imperial Structured Settlements Plays the Sandy Card November 2012