Welcome Guest
Log In | Register )
You last visited December 5, 2016, 7:43 pm
All times shown are
Eastern Time (GMT-5:00)

Can you see yourself selling your winning MM/PB ticket to JGWentworth etc?

Topic closed. 29 replies. Last post 4 years ago by Teddi.

Page 1 of 2
PrintE-mailLink
noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
Bay Area - California
United States
Member #136477
December 12, 2012
4106 Posts
Offline
Posted: May 21, 2013, 4:20 pm - IP Logged

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's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
    Massachusetts
    United States
    Member #37433
    April 14, 2006
    2747 Posts
    Offline
    Posted: May 21, 2013, 4:29 pm - IP Logged

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

    That money's gone fo ever

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
      United States
      Member #30470
      January 17, 2006
      10348 Posts
      Offline
      Posted: May 21, 2013, 5:40 pm - IP Logged

      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.

      Lep

      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's avatar - Lottery-015.jpg
        New Member

        United States
        Member #142697
        May 17, 2013
        3 Posts
        Offline
        Posted: May 21, 2013, 5:55 pm - IP Logged

        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..Bash

        Zapp


          United States
          Member #116268
          September 7, 2011
          20244 Posts
          Offline
          Posted: May 21, 2013, 5:58 pm - IP Logged

          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.

          I Agree! The settlement is reserved for the same suckers who took the annuity in the first place.

            Jill34786's avatar - Lottery-006.jpg
            Windermere, FL/Franklin, TN
            United States
            Member #50210
            March 1, 2007
            843 Posts
            Offline
            Posted: May 21, 2013, 6:10 pm - IP Logged

            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.Dupe Alert

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

              noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
              Bay Area - California
              United States
              Member #136477
              December 12, 2012
              4106 Posts
              Offline
              Posted: May 21, 2013, 6:16 pm - IP Logged

              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.Dupe Alert

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


                United States
                Member #116268
                September 7, 2011
                20244 Posts
                Offline
                Posted: May 21, 2013, 6:26 pm - IP Logged

                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.Dupe Alert

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

                  Avatar
                  Toronto
                  Canada
                  Member #138397
                  January 26, 2013
                  179 Posts
                  Offline
                  Posted: May 21, 2013, 6:32 pm - IP Logged

                  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.Dupe Alert

                  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's avatar - Lottery-012.jpg
                    Egg Harbor twp.south Jersey shore
                    United States
                    Member #112968
                    June 29, 2011
                    3854 Posts
                    Offline
                    Posted: May 21, 2013, 7:00 pm - IP Logged

                    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.


                      United States
                      Member #116268
                      September 7, 2011
                      20244 Posts
                      Offline
                      Posted: May 21, 2013, 7:08 pm - IP Logged

                      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.


                        United States
                        Member #116268
                        September 7, 2011
                        20244 Posts
                        Offline
                        Posted: May 21, 2013, 7:10 pm - IP Logged

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

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
                          United States
                          Member #73904
                          April 28, 2009
                          14903 Posts
                          Offline
                          Posted: May 21, 2013, 8:31 pm - IP Logged

                          No.

                            Avatar
                            Kentucky
                            United States
                            Member #32652
                            February 14, 2006
                            7302 Posts
                            Offline
                            Posted: May 21, 2013, 8:36 pm - IP Logged

                            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.


                              United States
                              Member #128790
                              June 2, 2012
                              5431 Posts
                              Offline
                              Posted: May 21, 2013, 9:17 pm - IP Logged

                              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!!