Litigation

In the opinion of this author, Structured Asset Funding is one of the worst false advertisers of companies that purchase structured settlement payment rights from accident victims.  The company ought to be slammed by the Federal Trade Commission along with other false advertisers in the industry.

In the past I have highlighted how the company has advertised and continues to false advertise "fast cash now" despite a number of complaints to the Better Business Bureau that suggest otherwise by a long shot.

As previously covered the company's moral compass is skewed to include the solicitation of accident victims to sell their structured settlement payments to buy luxury cars and boats (i.e. depreciating assets)

The company also operates under the marketing name of 123 Lump Sum. In several commercials posted on Youtube.com the company makes the following dubious claim:

"Its as easy as 123 to get your cash today"

http://www.youtube.com/watch?v=XU4_agoiMUU

http://www.youtube.com/watch?v=9Wi2ZKLKp7o

http://www.youtube.com/watch?v=2U8OsKI8e1E

In the immortal but paraphrased words of Red Forman (above), 123 Lump Sum has "hung vacancy signs on their asses and the FTC should be looking for a room".

This is as heinous a false advertising claim as Peachtree's 2008 claim that it could get you "all your money now"

The Florida structured settlement protection act and the protection act of each state that has one requires Court approval of structured settlement factoring transactions. That process does not happen all in the same day a person contacts 123 Lump Sum, Structured Asset Funding or any factoring company.

The principals of this company are owners of Bentzen Funding Solutions, according to information retrieved from the Florida Secretary of State on December 27, 2009.