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noise-gate

* In hot pursuit of $ *

White Shores- California
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May 21, 2013, 4:20 pm

You know those outfits that have cash on hand which allows you to avoid all the hubbub out there?
Has the thought ever crossed your mind in the event you won the big One?
maringoman

Massachusetts
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May 21, 2013, 4:29 pm

No, never. I honestly don't know which is worse, lawyers or those Structured Settlement companies.

That money's gone fo ever
Coin Toss

Zeta Reticuli Star System
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May 21, 2013, 5:40 pm

Quote: Originally posted by noise-gate on May 21, 2013
You know those outfits that have cash on hand which allows you to avoid all the hubbub out there?
Has the thought ever crossed your mind in the event you won the big One?

As far as I know, you have to have a structured settlement before dealing with them.

Selling them an uncashed ticket wouldn't qualify and they wouldn't go for it.

When they do buy these settlements it's for a "dime on the dollar", if that. For all the arguments here on LP about taking the annuity and not cash i hate to think of how many jackpot winners tool the annuity and then sold it to one of these compnaies.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
impacc

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May 21, 2013, 5:55 pm

A buddy of mine won 325,000 on a progrssive quarter machine in Tunica mississippi.he originally opted to take the 20 year payments of 16,000.00 once a year.he use to tell me the U.P.S.man comes every year 1 day after thanksgiving.needless to say he fell on hard times after 3 years and family issues ( ( house burning ) no insurance on his home which i couldnt fathom that ,but thats another story.He went with J.G.Wentworth and just like the names says his money WENT and his net WORTH away as well..

Zapp
Ronnie316

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May 21, 2013, 5:58 pm

Quote: Originally posted by Coin Toss on May 21, 2013
As far as I know, you have to have a structured settlement before dealing with them.

Selling them an uncashed ticket wouldn't qualify and they wouldn't go for it.

When they do buy these settlements it's for a "dime on the dollar", if that. For all the arguments here on LP about taking the annuity and not cash i hate to think of how many jackpot winners tool the annuity and then sold it to one of these compnaies.

The settlement is reserved for the same suckers who took the annuity in the first place.
Jill34786

Windermere, FL/Franklin, TN
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May 21, 2013, 6:10 pm

Quote: Originally posted by Coin Toss on May 21, 2013
As far as I know, you have to have a structured settlement before dealing with them.

Selling them an uncashed ticket wouldn't qualify and they wouldn't go for it.

When they do buy these settlements it's for a "dime on the dollar", if that. For all the arguments here on LP about taking the annuity and not cash i hate to think of how many jackpot winners tool the annuity and then sold it to one of these compnaies.

Pior to having a lump sum option offered, I am willing to wager that a large percentage did indeed sell to one of these companies. Same kind of characters that want to pay cash for your house.

** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **
noise-gate

* In hot pursuit of $ *

White Shores- California
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May 21, 2013, 6:16 pm

Quote: Originally posted by Jill34786 on May 21, 2013
Pior to having a lump sum option offered, I am willing to wager that a large percentage did indeed sell to one of these companies. Same kind of characters that want to pay cash for your house.

Great heads Up for those thinking of going this route.
What's that old saying" A fool & his money are soon parted"
Ronnie316

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May 21, 2013, 6:26 pm

Quote: Originally posted by Jill34786 on May 21, 2013
Pior to having a lump sum option offered, I am willing to wager that a large percentage did indeed sell to one of these companies. Same kind of characters that want to pay cash for your house.

How can you "sell to one of those companies" and then get offered a lump sum?
yoho

Toronto
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January 26, 2013
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May 21, 2013, 6:32 pm

Quote: Originally posted by Jill34786 on May 21, 2013
Pior to having a lump sum option offered, I am willing to wager that a large percentage did indeed sell to one of these companies. Same kind of characters that want to pay cash for your house.

Sorry, but is there anything wrong with paying cash for your house?

It's the absolute safest guaranteed 3%+ interest per year investment... I'm sure even the riskiest fund managers have some safe investments in their

portfolios....
haymaker

Egg Harbor twp.south Jersey shore
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May 21, 2013, 7:00 pm

Quote: Originally posted by noise-gate on May 21, 2013
You know those outfits that have cash on hand which allows you to avoid all the hubbub out there?
Has the thought ever crossed your mind in the event you won the big One?

No, cause I would never take the annuity in the first place,

I do think their TV ads are funny, bunch ppl. riding on a bus singing "call J. G. Wentworth when you need cash now" LMAO

and then old J G is in the drivers seat, subliminal message anyone ?

Extraordinary Popular Delusions & the Madness of Crowds -- Charles Mackay LL.D.
Ronnie316

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May 21, 2013, 7:08 pm

Quote: Originally posted by yoho on May 21, 2013
Sorry, but is there anything wrong with paying cash for your house?

It's the absolute safest guaranteed 3%+ interest per year investment... I'm sure even the riskiest fund managers have some safe investments in their

portfolios....

She is a financial guru who thinks you can get better rates elsewhere.
Ronnie316

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May 21, 2013, 7:10 pm

Quote: Originally posted by haymaker on May 21, 2013
No, cause I would never take the annuity in the first place,

I do think their TV ads are funny, bunch ppl. riding on a bus singing "call J. G. Wentworth when you need cash now" LMAO

and then old J G is in the drivers seat, subliminal message anyone ?

I will turn the TV off before I will watch those morons dance around.
rdgrnr

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The Hall Of The Mountain Kings Tennessee
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May 21, 2013, 8:31 pm

No.
Stack47

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May 21, 2013, 8:36 pm

Quote: Originally posted by Coin Toss on May 21, 2013
As far as I know, you have to have a structured settlement before dealing with them.

Selling them an uncashed ticket wouldn't qualify and they wouldn't go for it.

When they do buy these settlements it's for a "dime on the dollar", if that. For all the arguments here on LP about taking the annuity and not cash i hate to think of how many jackpot winners tool the annuity and then sold it to one of these compnaies.

Some borrow on their future payments, like a payday loan and might not cash a check for two or three years. We're talking about people that might have a difficult time making it from pay check to pay check, win a jackpot and then only get one pay check a year. The Win For Life jackpot paid $13,000 every three months which would help a budget.
onlymoney

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May 21, 2013, 9:17 pm

Quote: Originally posted by noise-gate on May 21, 2013
You know those outfits that have cash on hand which allows you to avoid all the hubbub out there?
Has the thought ever crossed your mind in the event you won the big One?

I vowed years ago to boycott those companies like those commericals with the Vikings and JG Wentworth start playing, but got even more irritated when they showed up every 10 minutes on almost every channel. Morgan and Morgan is another one. Every station I tune into has a commercial with Morgan.

If i ever need any legal advice, I will never choose Morgan, just because of their pestering me, torturing me, annoying me ALL THE TIME !

Overkill!!