by Structured Settlement Watchdog
A California structured settlement factoring scam targets California residents with structured settlements using a mailed solicitation titled “Structured Payment Analysis for California State Settlement Recipients”.
The scammers send the solicitation to your home mailbox claiming to have conducted an annual 
review of your structured payments and “their records indicate” that “your settlement payments may be terminating or may already have come to an end”. They then make an alarming claim that “in some cases your payments may have dropped significantly from the original amounts you were supposed to receive, and your account requires immediate attention”. Then in block capitals URGENT, please call them to discuss the necessary actions required on your account.
Don’t fall for Baloney Letters! Telltale signs of “Phonus Balonus”
- No return address on the letter
- One too many “mays”. If they already concluded an annual review, they would have no use for the word “may”. They would know.
- The phone number was answered by someone who purported to work at “Lincoln” and knew nothing about the letter.
