Litigation

Factoring Company "Client First"  is misinforming the public about structured settlements. Here are a few examples

Client First Says In Its Glossary (5/2/2008):

A qualified assignment agreement is "an assignment of the obligation to make future settlement payments which satisfies the requirements of Internal Revenue Code for tax free treatment of structured settlement payments. Typically the transfer or sale of structured settlement payments is completed using a qualified assignment.

Comments:

1. The second sentence is utterly wrong. IRC Section 130 defines qualified assignments
2. The transfer or sale of structured settlement payments is NOT completed using a qualified assignment.

Also, add Client First to list of factoring companies who wrongfully mislead consumers by confusing the process of factoring periodic payment rights as "the structured settlement process". Click here for the REAL structured settlement process".

The management of Client First is experienced and should know better.