Reactions to story from structuredsettlements
Factoring Pay For Access... Form of Kick Back? Does It Raise Ethical Question For Lawyers?
http://structuredsettlements.typepad.com/ structure...
The purported "generous financial contribution" made by a factoring operative to support the marketing efforts of a structured settlement brokerage highlights a potential danger facing tort victims. Factoring companies spend hundreds of thousands of dollars or even millions on television and print advertising and expensive $50 plus pay per clicks to attract tort victims to part with their long term financial security. The acquisition costs are much less IF the factoring company can convince a structured settlement broker, settlement planner or other financial adviser (such as a special needs attorney) to part with the names of their clients, or (in some cases) actively participate in the factoring process, in exchange for financial consideration.
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