DealFlow Media (DFM) wrote in their recent structured settlement wire that 321 Henderson, a J.G. Wentworth affiliate was denied a transaction in New York this past week. In their report DFM stated that a 90% discount was applied to the case. The report did not specify the exact payments that were being sold, but the article did provide a few numbers that we can run some calculations with.
Guaranteed payments are payments that will be made for a guaranteed period of time to either the annuitant or to a beneficiary. Non-guaranteed payments or life contingent payments are paid out for a period of time that is dependent upon the annuitants vital status. In other words if the annuitant dies, so do the payments.
There seems to be a trend being set by certain structured settlement factoring companies to call an annuitant up to 10 times a day until they give in and accept a quote to sell their future structured settlement payments. This sales tactic is being used more and more to persuade (force) tort victims into a deal that is not in their best interest and inevitably hurts them in the long run.
