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: Structured Settlements 4RealFinancial Iliteracy Moments of 2010-4 JG Wentworth on Structured Annuity
By John Darer
JG Wentworth, the cash now pusher from Bryn Mawr,
Pennsylvania has a MAJOR financial illiteracy moment by advertising that you can sell it your structured settlement annuity in Google Sponsored Ads which appear at the top of search engine results for "structured annuity".
To wit...
"JGWentworth.com/SettlementAnnuity
Sell Your Settlement Annuity to JG Wentworth. Free
Settlement Quote!"
A structured settlement factoring transaction involves the transfer of structured settlement payment rights (established under a contract) NOT the sale of the actual annuity annuity contract.
Wikipedia states "A structured settlement factoring transaction describes the selling of future structured settlement payments (or, more accurately, rights to receive the future structured settlement payments).
Most structured settlement annuity contracts are owned by assignment companies with such ownership established during the process of creating a structured settlement.
Full post as published by Structured Settlements 4Real on April 18, 2010 (boomark / email).
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