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: Structured Settlements 4RealNATLE Endorsed Strategic Capital Misleading Advertising
By John Darer
Canadian factoring company Strategic Capital posts the following on its website as of 9:00pm on August 6, 2009:
"A 2004 California Attorney General's report on the selling of structured settlement payments showed the average interest rate charged for the state was 19.2%. In the same year, the national average interest rate charged by Strategic Capital for structured settlement payments was 12.7%. The dramatic difference in rates charged means that 4. Strategic Capital pays annuitants thousands of dollars more cash for their structured settlement payments".
What relevance does a 2004 California Attorney General's report have in August 2009? It's a completely different economic environment and the use of such report at this time is completely disingenuous on the part of Strategic Capital.
On a positive note it appears that Strategic Capital no longer uses cash now advertising so they are being removed from the "cash now pushers" list.
Full post as published by Structured Settlements 4Real on August 06, 2009 (boomark / email).
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