Suze Orman (and the NSSTA) on Factoring

“Partial truths or half-truths are often more insidious than total falsehoods.”

Samuel P. Huntington

Several weeks ago reknown financial advisor Suze Orman wrote a short article for Oprah Winfrey's magazine, wherein she offered advice to a structured settlement recipient on factoring.  The NSSTA (the predominant trade group for structured settlement brokers and insurance companies) immediately seized on some of Ms. Orman's comments and issued a press release.  The press release focused on this statement by Ms. Orman:

“In many states, you can sell your rights to periodic payments to a company that will pay you a lump sum today. Doing so, I realize, is tempting, but it's typically not smart.”
   

There it was.  The esteemed financial advisor backed by Oprah had spoken and condemned structured settlement factoring. 

Or had she really? 

Watch this video interview with Matt Bracy, General Counsel of Settlement Capital Corporation, to get the full story.

As always, we welcome your comments or questions about this article or structured settlement factoring in general.  You can reach me at mbracy@setcap.com.