Successor Structured Settlement Payment Servicing to SuttonPark
Vervent (NEWS UPDATE)
Vervent, formerly Bank of the Internet is the new structured settlement payment servicing company for the structured settlement receivables formerly serviced by SuttonPark that were not taken on by DRB Capital. Going forward those serviced payments will come from Vervent.
After making some inquiries, following a few calls from receipients who reported payment delays, I learned that the cash flow management transition just happened last week and there appear to have been a few hiccups. In a return phone call 24 hours after hearing from one of the recipients that reported a delay, the payment was in her account.
Read More About Vervent
Proven Primary Servicing & Capital Markets Solutions | Vervent
Refresher on Payment Servicing and Why Payment Servicing is necessary following Partial Sales of Structured Settlement Payments
Related Reading
Understanding Structured Settlement Payment Servicing – Structured Settlements 4Real®Blog February 3, 2023
Structured Settlement Receivables Are Misleadingly Marketed as Annuities | Investors Beware – Structured Settlements 4Real®Blog April 18, 2025
Investing in Structured Settlements A Guide for Unwary Investors (4structures.com) June 28, 2025
SuttonPark Nightmare Finally Over
May the Victims of the SuttonPark Structured Settlement Payment Servicing Nightmare finally have some peace
A big thank you goes out to a certain board member of the National Association of Settlement Purchasers who came through in the clutch a few days before Thanksgiving in November 2024 who responded to my call and saved a structured settlement annuitant’s credit by helping to dig a payment out of the SuttonPark morass and Thanksgiving dinner.
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