Structured Settlements New Mexico

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Structured Settlements in Alamogordo, Albuquerque, Carlsbad, Clovis, Farmington, Hobbs, Las Cruces, Rio Rancho, Roswell, Santa Fe, New Mexico by structured settlement expert John Darer at 888-325-8640.  Structured settlements expert John Darer reviews the latest structured settlements news and information and provides expert opinion and commentary, including settlement planning issues/ ideas for settlement management, incisive Structured Settlement Watchdog® commentary that may be helpful to lawyers, plaintiffs, claims adjusters, judges, the news media, sellers and buyers of structured settlement receivables,and interested others. The style is spicy, informative, irreverent and effective. The most prolific structured settlements blog, Now in 19th Year! Check back daily for something new. Read more about What is a Structured Settlement? What is Settlement Planning? Structured Settlements for Minors Structured Settlements for Seniors 

"This letter is to inform you that you have accrued interest greater than $5,000.00 that is now accessible. Due to privacy measures, please call (844)974-4899 for an updated balance and to inform you if you would like to reinvest the earned interest. If no correspondence is received the earned interest may be forfeited.   To avoid the above action being taken, you must immediately do one of the following (within fourteen (14) days of this mailing)

1. Send correspondence in writing to the address listed...
2. Contact a case representative at the above number"

The predatory letter purports to be from the StructuredSettlement Division Customer Outreach 2105 Vista Oeste NW Ste E #3268 Albuquerque, NM 87120-3693. The address is an Anytime rent-a-mailbox in Albuquerque, operated by Post Net.  See store image below andDownload Digital Mailboxes in Albuquerque (New Mexico) _ Anytime Mailbox  

With all due respect to the owners of Anytime Mailbox or PostNet, why would Prudential Insurance Company of America, based in Newark, NJ, one of the largest insurance companies in the world, in business since 1875, be using a rent-a mailbox in Albuquerque, New Mexico?  We have determined that the company behind the letters is from Broward County Florida, in a state where there are 122 Anytime mailbox locations.  There's also a PostNet location in Lauderhill, Florida, just under 6 miles away. Why would the Florida factoring company need to use a New Mexico rent-a-mailbox as a return address on mailers to an annuitant on the East Coast, when there's a mailbox less than 6 miles away from their office?

1. The reference number on the predatory letter does not correspond to the Prudential contract number of an actual structured settlement annuity. Not even close.
2. There are no Prudential "Urgent Policy Updates"
3. The phone number in the predatory letter does not correspond to Prudential customer service address or phone number.  Not even close. The legitimate Prudential structured settlement customer service number is 877-778-8118.
4. The signatory of the predatory company has no association with Prudential
5. The signatory does not appear on FINRA broker check, despite an investment solicitation
6. The signatory does not appear in the Investment Adviser Public Disclosure database, despite an investment solicitation.
7. The title “Head of Structured Settlement Correspondence" is nonsense.  All the Prudential structured settlement customer service people I've dealt with in the last 27 years have been perfectly able to author their own correspondence.
8. The LinkedIn for the Florida structured settlement factoring company does not have an employee profile with the name of the signatory, or "Brian Williams", a name that an individual who answered a call to the number on the letter identified himself.
9. What "head of structured settlement correspondence" would misspell beneficiary, as "benifciary"?
10. If the Court record was not sealed, a structured settlement factoring company or its lead pimp could have got the payment date from that. However, chances are that they may fail to pick up on fine granular detail, such as for example, if the payments are going into a trust.
11. 
    

The Broward County Florida based factoring company behind the letter, scraped information from public court records, or paid a fee to someone who had done so. Unfortunately, such activity is not uncommon in the structured settlement secondary market as I have covered extensively.

For example:

Insurance Company Imposters Scam Structured Settlement Annuitants in Texts, Email and Calls - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and Commentary (typepad.com)

High Pressure Structured Settlement Factoring Company Mailers Reviewed - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and Commentary (typepad.com)

Structured Settlement Asset Verification Mailer "Laws Have Changed" is Lead Pimping Nonsense - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and Commentary (typepad.com)

Funding Direct, LLC Deploys Structured Settlement Cash Now Reimbursement Scam and Fails - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and Commentary (typepad.com)

• Structured settlement factoring companies incorporate court scraped data into their databases, track for those reaching majority age and then attempt to solicit newly minted adults as they reach adulthood.
• Such annuitants represent big fish for factoring companies because they have likely not sold before and thus present ample future payments to target for exploitation.
• Structured settlement factoring companies can only give you pennies on the dollar. Every transaction represents a money loss.
• It turns out that the underwhelming "Urgent Policy Updates" is that the Broward County Florida structured settlement factoring company purports to have better rates this month (i.e., more pennies on the dollar, but still pennies on the dollar). 
• The Broward County Florida structured settlement factoring company behind the "Urgent Policy Updates" scam, is not listed as a member of the National Association of Settlement Purchasers.
• Consumers should avoid engaging with, or taking unsolicited advice from any unlicensed, non-credentialed actors in the structured settlement secondary market who resort to such tactics.  There's no need to lower the bar when it comes to your money.

Last updated January 16, 2024

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