Litigation

In "Let's Be Careful Out There" Matt Bracy, General Counsel of factoring company Settlement Capital Corporation, offers an articulate, thoughtful and responsible voice on the AIG situation as it applies to structured settlement factoring. Unlike the opportunistic and hyena like from Woodbridge Investments and the classless from the gossip queen at Bentzen Funding Solutions, it is nice to see another voice of reason.

What factoring industry throught leaders Matt Bracy and Andrew Cravenho (of Settlement Quotes, LLC) get and "thought lagger" Bentzen doesn't is that her "bitter lemon" post of September 23, 2008 is seen, and continues to be seen all over the Internet. Not everyone watches CNN, CNBC or reads the Wall Street Journal but, judging from my personal experience fielding phone calls from readers and mindful of the published statistics of Internet use by Americans (Nielsen/Net Ratings says 72.5% of the population), it is evident that hundred of millions of people of ALL levels of sophistication surf the Internet to find financial information. How many of you out there have made a phone call to a service provider and been trapped in automated reponse hell? What's your next option? Think about it! For some the Internet is their FIRST option.

When one observes Bentzen's behavior in the last 9 or so months, "connects the dots" between the disclosure that she is getting the majority of her business from the structured settlement industry brokers and settlement planners AND her published acknowledgement that 90% of her clientele take kickbacks it doesn't say much about the judgment of said structured settlement industry professonals.

This author understands that a number of structured settlement general agents are resisting Bentzen's attempts to "buy into" their meetings. Bentzen was seen however, at last week's Society of Settlement Planners mid-year meeting in Arizona. Neither Bentzen nor any factoring company or factoring broker are  members of the National Structured Settlement Trade Association (NSSTA) or a sponsor of any of its regional or national meetings.