Litigation

Factoring Company Admits That It Has Paid MILLIONS in commissions for referrals in its "Structured Settlement Professionals Program"

By John Darer

Woodbridge Investments, a factoring company out of Studio City, CA, who I covered in One Woodbridge Is Not A Great Vintage! (8/27/2007) is now boasting that it has paid MILLIONS in commissions as part of its "structured settlements professionals program". Add this revelation (linked below) to Society of Settlement Planners patron Rhonda Bentzen's "90% of her clients" declaration in December and judges, tort victims and their lawyers have much to be concerned about.

Download structuredsettlementprofessionalswoodbridge_investmentsmillions.pdf

In my opinion ANY structured settlement professional who dignifies referring business to a company like Woodbridge Investments, LLC, compensated or uncompensated, IS NOT a true structured settlement professional. Doesn't a person calling themselves a professional, who gives business to a company whose "tiered incentives" to torch tort victims' financial security are reminiscent to an amusement park carnival booth, belong with the bears on the unicycles?

We barely have room for ONE OF THOSE in the structured settlement industry.

Commissions and fees, whether disclosed or undisclosed reduce the tort victim's recovery in a structured settlement factoring transaction. The Structured Settlement Clean Vendor List includes structured settlement professionals and settlement planning professionals who do NOT take any compensation on such deals.

Full post as published by Structured Settlements 4Real on January 14, 2008 (boomark / email).