New York Car Accident Lawyers Free Consultation - 212-233-5433
233 Broadway, 5th Floor, New York, NY 10279
 


Car Accident

News

Spitzer Wins Concessions on Charged Rates and Important Consumer Disclosures

Attorney General Spitzer today announced an agreement with a financial services company that will protect consumers who seek to cash in their settlement awards.

"The sale of structured settlements is becoming a popular mechanism for consumers to get immediate access to cash without taking out a loan," Spitzer said. "As with borrowing, however, it is imperative that limits be placed on the rates charged and that certain important information be provided to consumers in order that they make informed choices."

After an investigation by Spitzer's office, concerns were raised about certain aspects of the purchase of structured settlements provided by the Singer Asset Finance Company, LLC, of Boca Raton, Florida.

Singer purchases structured settlements by paying an up-front lump sum payment to a consumer in exchange for the consumer's fixed compensation payments from a personal injury judgment or settlement.  It is estimated that Singer has entered into contracts with approximately 300 consumers throughout New York State for the rights to their settlement monies.

In recent months, Spitzer's office has become increasingly concerned about the growing number of companies that target consumers with limited legal and financial knowledge with offers of quick cash in return for rights to their injury-related award.

 

If you or one of your loved one’s has been injured as the result of a car accident, please call 212-233-5433 or fill out our free case evaluation form now to ensure you take the right measures. The initial consultation is FREE, “If we don’t win you don’t pay”, so call immediately.

 

 
Name:
Phone:
Email:
Brief Case Description:

 


This web site contains Attorney Advertising. Prior results do not guarantee a similar outcome.

Site Map | Links

Practicing throughout New York City (NYC) and the 5 boroughs: Brooklyn, Bronx, Manhattan, Staten Island and Queens.

Copyright © 2009 - All rights reserved.
Web Design and Development by Orion Foundry (US), Inc.