I just saw an advertisement for JG Wentworth. They factor structured settlements and annuities. Is that legal? Sometimes. But, just because a company is in business and advertises doesn't mean that everything they do is legal everywhere. Keep in mind that where this is legal, consumers don't have the same disclosure requirements and protections that they do in consumer loans. There may not be any real regulation in the implied interest rate in the transaction.
Note that I have no cases against JG Wentworth. I have not examined their contracts. I am not giving an opinion as to whether any part of their business is legal. My suggestion is that if you are approached by a JG Wentworth representative, think about things very carefully before proceeding. If you get into a deal that you later regret, you may not be able to find anyone who can help you get out of it. Please do not call me regarding JG Wentworth. If you send me a message, I will respond.
Friday, January 17, 2020
Thursday, January 2, 2020
Another Article about Upstate Law Group.
https://www.commercialappeal.com/story/news/2019/11/06/candy-kern-fuller-andrew-gamber-duo-behind-alleged-financial-scheme/2506658001/
If you were scammed by VFG, BAIC or any other pension assignment company, here are some things to take into consideration when looking at your legal options.
1. If you assigned your pension, it is likely that you can rescind the assignment. Talk to a lawyer. The best thing you can do is stop them from taking MORE of your money. I suggest that if you stop your assignment you do so under the protection of a lawyer, otherwise you may be digging a bigger hole for yourself.
2. If you bought a pension assignment, you may have no right, or at least limited rights, to sue the pensioner. You can't assume that the company that set up the assignment will be around when it comes time to pay damages. I suggest that you look at suing whoever referred you to the scam company. Usually it is a life insurance agent who is paid a finder fee. Life insurance agents are usually bonded or insured. What they sold you could be an illegal security, and they may be liable for your loss.
I am only taking buyer cases from buyers located in Indiana. I will consider taking a case for a seller out of Indiana if you can't find an attorney in your state. Most of the time the seller cases will be non-litigation cases, that is, not involving a lawsuit. Also, I will not represent buyers against consumer pensioners.
If you were scammed by VFG, BAIC or any other pension assignment company, here are some things to take into consideration when looking at your legal options.
1. If you assigned your pension, it is likely that you can rescind the assignment. Talk to a lawyer. The best thing you can do is stop them from taking MORE of your money. I suggest that if you stop your assignment you do so under the protection of a lawyer, otherwise you may be digging a bigger hole for yourself.
2. If you bought a pension assignment, you may have no right, or at least limited rights, to sue the pensioner. You can't assume that the company that set up the assignment will be around when it comes time to pay damages. I suggest that you look at suing whoever referred you to the scam company. Usually it is a life insurance agent who is paid a finder fee. Life insurance agents are usually bonded or insured. What they sold you could be an illegal security, and they may be liable for your loss.
I am only taking buyer cases from buyers located in Indiana. I will consider taking a case for a seller out of Indiana if you can't find an attorney in your state. Most of the time the seller cases will be non-litigation cases, that is, not involving a lawsuit. Also, I will not represent buyers against consumer pensioners.
Have you been sued by Automotive Finance Corporation in Indiana?
We have noticed an uptick in lawsuit activity by Automotive Finance Corporation, -also known as "AFC". For the past two and a half years, Keith Hagan and I have been handling a lot of dealer floorplan defense cases against Nextgear Capital, and a few cases against AFC. This is because Nextgear historically sued a lot more dealers than AFC. In December 2019 though, it appears that AFC filed more than 30 cases.
If you are looking for an experienced Indiana attorney to represent you to defend you in an Indiana case by AFC (or Nextgear or any other floorplanner), please call us. 317-662-4529
If you are looking for an experienced Indiana attorney to represent you to defend you in an Indiana case by AFC (or Nextgear or any other floorplanner), please call us. 317-662-4529
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