West Virginia delegate Ron Walters appears to be tightening up the noose for structured settlement factoring companies once again in West Virginia. If your not going to do it right, DON'T do it at all! After the last round of legislation for factoring companies in the state of West Virginia not much was accomplished except mandating a guardian ad litem be appointed to every annuitant selling future payments.
As repeated several times throughout this blog and the structured settlement secondary market, settlement factoring transactions are priced using discount rates. There are several variables that determine the overall discount rate a transaction receives, including time value of money, future value, court filing fee's, payment stream, misc. costs, and salaries. All of the above variables increase the discount rate due to the expenses the factoring company incurs during the transaction process. Below, we will outline exactly how this effects the bottom line for the consumer.
Settlement Quotes released our discount rate and present value calculators for the public earlier this month. Now, we are providing a way that individuals can place our calculator on any website so consumers will be further educated about discount rates and pricing of structured settlement factoring transactions.
At this time there is not a reliable source for consumers to understand or price a structured settlement factoring transaction on their own.
