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Patrick Hindert Is All "Poultry" On Strategy of Factoring as Growth Tool
2008-06-08 18:46:00 It's pushing 100 degrees in the nation's capital, close to that out here on Long Island Sound, and the "The Hindert Chicken Meter" is on roast. Many in the structured settlement/settlement planning industry have for years been subjected to Hindert's pontification about how factoring is route one to structured settlement industry growth while he simultaneously slags off the industry. This author has challenged Mr. Hindert to write a white paper to spell out his ideology and the struggle he is fighting. If he really believes in it, then put it out there for all of the world to see. 26 days have gone by since Hindert has been challenged. Hindert challenged me to a debate in a phone call shortly before May 13, 2008. The "Hindert Chicken Counter" hit the press on May 24, 2008 when it became obvious that Hindert is avoiding the question now. The aforementioned is a continuous clock that will keep ticking until Patrick Hindert responds. You can access the cl... More About: Strategy , Tool , Poultry , Growth
What Is A "Structured Settlement License"?
2008-06-07 21:59:00 On a number of structured settlement industry/settlement planning industry web sites it is advertised that one or more individuals are a "licensed structured settlement broker" There are structured settlement brokers who hold life insurance broker's licenses , or agent's licenses for life insurance (in most states that includes non variable annuities) with carrier appointments, in the various states where they solicit annuity or insurance business. There is, however NO SUCH THING as a "structured settlement license". Those that place structured settlements are required to possess a valid life insurance license as one of the prerequsities to receiving an appointment from the life insurance companies who write structured settlement annuities. A number of individuals and companies that purchase structured settlement payment rights deceptively try to position themselves as a "structured settlement broker". Those individuals and companies do not a... More About: Settlement , License
"Squidward" on Securitizations of Structured Settlements
2008-06-07 18:07:00 Investment Dealers' Digest, a publication of Sourcemedia, is the weekly magazine more investment bankers turn to for essential news that helps them identify market opportunities and new deal structures. Securitization is the practice of reselling regular payments made by consumers on mortgages, credit cards student loans and, among other things. factored structured settlement payments In a May 26, 2008 article by Aleksandrs Rozens entitled "The Future of Securitization", John Calamari, CFO of JG Wentworth, was quoted as saying that his firm has done $1.7 billion worth of deals since 1997. On the one hand that seems like an enormous number, yet for a company that claims to be the undisputed leader in the industry that's an annual amount of only $154,545,454.55 employing a straight average However, there is something more revealing and important quoted from Rozen's article "Initially, the firm (J.G. Wentworth) had to structure to bonds with 16%... More About: Settlements
J.G. Wentworth "Commercials"... What People Really Think?
2008-06-07 17:13:00 Follow up with a post with a collection of comments on how people on the street really feel about J.G. Wentworth commercials gleaned from a Google search of "J.G. Wentworth commercial". "This has nothing to do with celebrities, or boobs, (oh my god! I know) but have you seen this commercial? I f***ing hate this commercial. This is the worst piece of advertising ever. You know what it does instead of making me want to go out and get more information about J.G. Wentworth’s financial services? It makes me want to drive a burning tanker truck filled with radioactive waste into an orphanage." The Last Brain Cell May 28, 2008 ". Click here to read the "undulterated" story of how he really feels in I Hate J.G. Wentworth" "The JG Wentworth commercial with the big, yapping mouthed, losers, hollering shit out of windows is enough to make a guy want to smash his TV set. ..." Omaha Craig List "If see that commercial one more time I might my sue them for harrasment (sic) and and when ... More About: People , Commercials
JG Wentworth's "Beserker Warriors"
2008-06-06 16:31:00 It seems somewhat curious how "cash now pusher" and Academy of Special Needs Planners sponsor JG (“Just Gimme”)Wentworth, in their commercial "Viking Opera", has chosen to adopt Vikings as part of their latest attempt to pry money from structured settlement recipients. Let’s take a closer look at a few of the similarities between JG Wentworth and the Vikings: The activities of neither is/was regulated enough, not having to answer to anyone but themselves One group is known for "pillaging" victims while attempting to take over whole communities – just like the Vikings. One group would attack unprovoked to get what they wanted – just like the Vikings. One group would take advantage of situations to further their cause – just like the Vikings. For one group’s victims, daily life became a struggle – just like those who fell victim to the Vikings. Both have some association with "spam" Now let’s look at... More About: Warriors
Deal Flow Media Implies "They Should've Illegally Rebated"
2008-06-06 05:20:00 DealFlow Media 's attempt to portray as irony that The Hartford Financial Services Group is included on the Ethisphere Institute's second annual "World's Most Ethical Companies" list, despite allegations of unethical practices that the company has faced in its structured settlements business, ends shambolically with the implication that the right thing to do for Hartford would have been to pay illegal kickbacks of "commissions to annuitants" . "The Hartford is among the companies honored this year because they have developed impressive and meaningful ethical business practices, making them true standouts within their industries," Alexander Brigham, executive director of Ethisphere Institute, was quoted to have said in a statement. Ethisphere cited Hartford's company-wide effort in recent years to build a stronger, more cohesive ethics and compliance program for its 31,000 employees. The Hartford is facing a class action lawsuit where it is accused of using "approved lists"... More About: Deal
Structured Settlement Quotes...Do You Need One Now?
2008-06-06 04:50:00 If you need structured settlement quotes you want to get in touch with a specialty insurance agent or broker who is licensed in your state**. For the average person searching on Google it's tough to tell who can give you structured settlement quotes. 4structures.com, LLC appears on the 1st page and can give you structured settlement quotes either by calling their toll-free number 888-325-8640 or using its secure structured settlement quote form (information you enter is secure if the https shows in the URL) But then to find the next one, you have to go several pages in before you get someone who can give you structured settlement quotes. There are a ton of companies in the search engine results who do not give you structured settlement quotes. Many of them are willing to buy structured settlement payment rights from people who already have structured settlements. There needs to be a distinction between structured settlement factoring quotes and structured settlement quotes so th... More About: Quotes , Settlement
AIG American General Issues Q&A on Recent Ratings Releases
2008-06-06 02:33:00 The following Question and Answer Memo was distributed by AIG/American General today. The AIG/American General memo addresses the recent AIG corporate earnings announcement, the recent ratings actions and reaffirms the strength of AIG/American General and the entire AIG global operations. Download qa_2008_earnings_and_updated_rating_agenc y_actions.pdf The AIG/American memo follows two recent Structured Settlements 4Real posts on the topic: AIG Removed From Credit Watch by S&P May 24, 2008 and AIG Posts Q1 Earnings Loss-Putting Things in Perspective for Structured Settlement Payees, Lawyers for Tort Victims and Parties in Litigation Removed May 8, 2008 More About: Issues , Recent , Ratings
A Stupid Financial Mistake...A Big One Is Looming for The Unwary As Structu
2008-06-05 21:10:00 The intrinsic value of your existing structured settlement will likely increase over the next 4 years regardless of who is the next President of the United States, John McCain or Barack Obama. To best part is that to get this increase in value you don't have to do anything except keep receiving your payments as you always have. Does anyone believe that taxes will NOT increase in next 2-4 years? Whether you are receiving a structured settlement as a result of the settlement of and payment of damages in a physical injury, wrongful death case, or a workers compensation claim, such payments are excludable from gross income under the Internal Revenue Code (IRC 104(a)(1) for workers compensation and IRC 104(a)(2) for personal physical injury). Excludable from gross income means income tax free. Investing the same amount of money at the same interest rate will result in a dramatic difference in your bottom line because of the tax leverage. A 6% tax free rate is th... More About: Financial , Stupid
Pre-Settlement Funding Nothing To Do With Structured Settlements! DealFlow
2008-06-05 17:17:00 The "structured settlement illiterati" at Deal Flow Media served up more digital diarrhea with a story about pre-settlement funding on the company's online Structured Settlement s Wire. It SHOULD be obvious to readers that Pre-Settlement Funding HAS NOTHING TO DO WITH structured settlements. Pre-Settlement Funding is a form of cash advance available to tort victims with choking bills, whose cases are still pending, where specialty finance companies (like Law Cash, Magnolia Funding provide non recourse funding to tort victims. If the plaintiffs win or settle their case the finance company has a lien on the proceeds. Non recourse essentially means that if you lose your case you owe the finance company nothing. Due to the risk involved for the finance company a large effective rate of interest (as high as 2.5% per month) is charged. Thus modest amounts advanced can grow to substantial amounts if there is a long period of time between the advance and the time the... More About: Settlements
The Case of "The Dreaded Shrimp"
2008-06-02 00:00:00 Timothy Richardson a former employee of the St. Louis branch of the Red Lobster restaurant chain, was left comatose in 2003 by the effects of a shellfish allergy hours after breading shrimp on the job. DealFlow Media's report of the... More About: Shrimp , Case
"Spanish Flea" Confuses Issue on Retirement Planning and Structured Settlem
2008-06-01 00:00:00 There are many things to love about Spain, the people, the culture, the food, the wine, La Primera Liga. Then we have the "Spanish Flea" Francisco Segura, a member of the structured settlement illiterati who has penned a piece of... More About: Retirement , Planning , Retirement planning , Issue
"Horse" Bucks QSF Jockey for Big Loss
2008-06-01 00:00:00 Structured Settlements 4Real has learned that one of the nation's leading QSF jockeys (a/k/a "Champions of the QSF") has been "bucked" from a case after the QSF jockeys failed to convince the plaintiff attorney that the only reason the QSF... More About: Loss , Bucks , Jockey , Horse
Factoring Industry "Soiled" by Blogspot "Dung Beetles"
2008-06-01 00:00:00 THEY'RE BACK! Serial Blogspot (a/k/a Blogger.com) spammers are back with a vengeance and this time they are hitting the factoring industry hard. Here are the latest examples of this "digital diarrhea": One of penile dysfunction countrys (sic) favorite vacation destinations,... More About: Industry , Factoring
Settlement Professional's Bombastic Premise is Inaccurate
2008-06-01 00:00:00 One settlement planner bombastically states on his web site that "Settlement Planning starts from the premise that structured settlements are not the answer to everything that everyone needs or wants to do with their settlement dollars"*** The Society of Settlement...
Jealous "Cash Now Pusher" Bogarting JG Wentworth's Trademark?
2008-06-01 00:00:00 Is Woodbridge Investments' Bob Shapiro a "factoring industry" voyeur? I say that because for some reason it seems that his company's long telescope is trained on JG Wentworth. Is is it out of jealousy, or something more sinister? Read on... More About: Cash , Trademark , Pusher , Jealous
Disability Savings Act of 2008 Discussion on Proposed Disabilty Savings Acc
2008-06-01 00:00:00 The Disability Savings Act of 2008 , introduced by Senator Christopher Dodd (D-CT) on March 11, 2008 as Senate Bill 2741, would amend the Internal Revenue Code to allow a tax exemption for disability savings accounts (DSA) that have a value... More About: Discussion
Structured Settlement Industry Web Sites-May 2008 Traffic Report
2008-06-01 00:00:00 Three Month Trailing Top 10 Traffic Rank (Alexa Rank as of 05/29/2008) of Structured Settlement and Settlement Planning Industry websites* (+ or- traffic from 04/29/2008 report). Lower number means more traffic. Who Are Ya? Beyond Structured Settlements Blog (Pat Hindert)... More About: Report , Web Sites , Sites
Wisdom of LinkedIn Invitations to Competitors. Are You Sabotaging Your Bus
2008-06-01 00:00:00 I am amazed that I keep getting invitations to join my competitors' networks on LinkedIn. LinkedIn is an online business social network of over 20 million professionals that allows you to find and be found by past and present colleagues... More About: Wisdom , Competitors , Invitations , Linkedin
A Cash Advance on Discounted Dollars
2008-06-01 00:00:00 It is a given that selling your structured settlement payment rights will not get you all of your money now or ever, because in determining how much to pay you, the future payment rights are first discounted (by the purchaser)... More About: Cash , Dollars
USDOJ Structured Annuity Brokers-DealFlow Media Report Gets It Wrong, AGAIN
2008-06-01 00:00:00 The U.S. Department of Justice released its 2008 Calendar-Year List Of Annuity Brokers who "meet the minimum qualifications for providing annuity brokerage services in connection with structured settlements entered into by the United States". Click here for the list of... More About: Media , Report , Wrong
"Mr. Whipple" in "Mr. Rodgers' Neighborhood" Seeking Permission To Pay Chil
2008-06-01 00:00:00 Sunday's Providence Journal reports of recent judicial review of a structured settlement factoring petition in which Mr. Whipple was seeking permission from Mr. Rodgers so that he could pay a child support obligation for which he was in arrears. Mr.... More About: Permission , Seeking , Neighborhood
Who Licenses Factoring Companies Who Buy Structured Settlements?
2008-05-24 00:00:00 The Google Search was " Who Licenses Factoring Companies in NC?" "Who Licenses Factoring Companies Who Buy Structured Settlement Payments Rights?" The Answer is that as to structured settlement factoring transactions, NOBODY Licenses Factoring Companies Who Buy Structured Settlements Anywhere?"...
In Act of Predation Factoring Company Uses Specious "Chicken Little" Fable
2008-05-24 00:00:00 One structured settlement factoring company uses its own specious "Chicken Little" fable to try to get structured settlement payment recipients to sell their rights to it at a discount. That company postulates: "It is always possible for an insurance company,... More About: Company , Fable , Factoring
How Are Structured Settlement Transfers Priced?
2008-05-24 00:00:00 Settlement Quotes, LLC posted a useful explanation of how structured settlement transfers (structured settlement factoring transactions are priced. This is a must read for: Holders of structured settlement payment rights who are contemplating selling them to raise cash. Judges Lawyers... More About: Transfers , Settlement
Don't Like Being Under the Magnifying Glass?
2008-05-22 00:00:00 Structured Settlements 4Real continues to uncover, question and expose business practices and/or misinformation which could mislead consumers in areas concerning structured settlements, settlement planning, structured settlement factoring and professional credentials of individuals and companies in or writing about those industries.... More About: Glass
Fortune 500 for 2008 Rankings for Financial Services Companies With Tort Se
2008-05-22 00:00:00 Fortune Magazine has announced the 2008 Fortune 500 , its annual ranking of America's largest corporations. Not surprisingly a number of the largest companies include insurers and banks who directly, or through subsidiaries, provide services to tort victims. Those are listed... More About: Companies , Services , Fortune , Financial
"AXA To Grind" About "Quinine" Gaffe Inspires Financial Literacy Lesson
2008-05-22 00:00:00 In our continuing series about malaprops of those who are purveyors of financial advice, Doug Quinn, a representative of AXA Advisors, LLC Settlement Planning Group in New York City who markets structured settlements, makes a statement that "money invested in... More About: Financial , Literacy , Lesson , Grind
Deal Flow Media Puts "Accenture" on the Wrong CNA Syllable
2008-05-22 00:00:00 Deal Flow Media 's report that former structured settlement annuity writer Continental Casualty Co., a subsidiary of CNA Financial, entered into a five-year arrangement for its "structured settlement claims" to be managed by Accenture BPO Ltd is inaccurate. The way Deal... More About: Deal , Wrong
Mom and Pop Flop With Bogus Tax Deductible Installment Exit Strategy" Says
More articles from this author:2008-05-22 00:00:00 A recent IRS Private Letter Ruling obliterated a couple's attempt to claim a 501(c)(3) charitable exemption for a company as part of promoting a "tax deductible installment payment exit strategy" scheme, spent "less than one half of one percent of... More About: Strategy , Exit Strategy 1, 2, 3, 4 |
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