by Structured Settlement Watchdog
I read about it online
Press Release ain't worth a dime
Dudes are out of their minds
The Blitzkrieg Flop
Hi Ho lets go! Hi ho let's go! to the tune of Blitzkreig Bop by the Ramones
Well I have to thank Jim Terlizzi's flack Mark German (or ironically in a mirror, "Deutsche Mark") for providing so much "punk" material to write about in a press release published in today's Digital Journal. I really thought I wasn't going to be able to top my earlier expose on the stock photo hottie 'Kristen" that was falsely portrayed as a DRB Capital customer and Imperial Structured Settlements customer.
Come on Jimmy! Look at this trash your company is putting out in the press release! It simply has to go straight to the mosh pit.
1. "Settlement funding allows recipients to access the full amount of their settlements right away, reports DRB Capital"
Comment: Utter rubbish. Nobody who sells their structured settlement will ever get the "full amount" of their settlement right away or ever. The answer doesn't change to a positive if you sell to DRB Capital, or anyone else.
DRB's a member of NASP for goodness sake. Where's the Duke of "Earl"?
2. "What actually happens is that the losing company will set up a structured settlement. A structured settlement is an arrangement that results in the payout of the judgment over several years. This allows the winner to get the money while lowering the impact on the loser’s ability to operate".
Comments: A structured settlement is a settlement not a judgment. otherwise it would be called a structured judgment, like in states such as New York where there are structured judgments. A settlement is a compromise. Unless parties come to an agreement then there can be no structure settlement.
3. “Having a lot of money is good, but it won’t last long if the person doesn’t know how to handle it,” noted German. “Therefore, we also offer financial adviser services to customers. Good financial advice helps to ensure that a lump-sum payment doesn’t become a short-lived windfall, but instead, can provide the basis of a good retirement or other such investments. When someone wins hundreds of thousands, or even millions, of dollars, there should be no need for them to ever have to work again. Our financial advisers help make this ideal into a reality.”
Comments: Consumers must remember that selling your structured settlement comes at a big discount. In order to earn a profit you must first make up for the loss you took by selling it to DRB Capital (or any other settlement purchaser). Beware of financial advisers telling you to trade a stable income tax-free "salary" from a structured settlement for a higher risk profile or more speculative investment that you may not understand. No financial adviser can guarantee an investment. It is illegal to do so.
If someone "won hundreds of thousands of dollars' they would not likely be able to never work again. DRB's statement is ridiculous on its face.
Cash now pushers do themselves, consumers and the industry no favors by putting out material that is so way off base.