Genex Capital Continues to Offer the Best Price to Sellers of Structured Settlements

January 11th, 2010

Based on information we obtain from our clients, Genex Capital continues to beat out the competition on offering the Best Price Upfront to prospective sellers of structured settlement annuity payments.  It is Genex Capital’s policy to always offer the best price at the outset without hassle or negotiation.  In our view no other company can make this claim.

In addition to offering the best price, Genex Capital also completes the transfer process and pays our sellers in the shortest time permitted by law….on average within 45 days following the return of all sale documents required for the transaction.

So if you are thinking about selling all or part of your structured settlement give us a call at 1-800-257-3110 and let one of our Customer Service Experts assist in getting you the solution you need.

Roger Proctor, CEO

Genex Capital

Genex Capital offers $550,000 more than JG Wentworth for a Structured Settlement

October 26th, 2009

As proof that Genex Capital pays the most money for your structured settlement payments, this week we outbid JG Wentworth by $550,000 by offering to buy a widow’s structured settlement payments for $1 million.  Genex Capital won the case and is currently completing the transfer process.

Genex Capital is committed to offering the best price upfront without hassle for your annuity payments.  We have the financial capacity to buy both large and small cases and we always have the cash on hand for when the court transfer process is complete and your case is ready to close.

Before you sign with someone else, make sure you get a free no-obligation price quote from us and see for yourself how much more your structured settlement annuity is worth.

Roger Proctor, CEO

Genex Capital wins 1st Place (Gold) in the Connecticut Law Tribune’s Readership Survey

October 7th, 2009

I am pleased to announce that Genex Capital won 1st Place (Gold) in the category of The Best Legal Support company as determined by the annual readership survey conducted by the Connecticut Law Tribune  (see http://www.ctlawtribune.com/default.aspx)

An announcement will be made in the October 19, 2009 edition of that journal.

I would like to thank all of the Connecticut Law Tribune readers who voted for us.  Your support is much appreciated.

Roger Proctor, CEO

Seller Beware when dealing with Structured Settlement Funding Companies

July 14th, 2009

We continue to hear about prospective sellers of structured settlements being taken advantage of by funding companies (competitors to Genex Capital) in a number of ways:

1.  They are given price quotes but are not told upfront that the quotes do not include costs that must be deducted

2.  They are told that the price quotes do not include taxes that must be withheld on the sale of their structured settlement payments

3.  They are given one price but then told that the price has changed and is now lower.

Please note, there are no taxes due on the sale of your structured settlement.  Any taxes that get quoted end up in the pockets of the funding company as extra profit.  BEWARE of this sham.

At Genex Capital our price INCLUDES all costs and expenses and is a no-surprise quote.  DO NOT SETTLE FOR LESS.

We guarantee our price quote for 48 hours for you to decide.  We do not bait and switch, ever.

Call our Customer Service Experts today at 800-257-3110 and find out how we can assist you in getting the most money in the shortest time permitted by law.

When Interest Rates go Up the Value of your Structured Settlement Goes Down!

June 28th, 2009

You may have heard in the media in recent weeks that interest rates have bottomed and are slowly creeping back up.  

I believe that this is the beginning of a new cycle of incremental increases in interest rates over the next few years.

When interest rates go up, the present value of a person’s structured settlement goes down.  This is a simple truth.

As such, if you are considering selling your structured settlement, now is the time to get the best rate.

At Genex Capital we lock in your price quote for 48 hours so that you can have an opportunity to decide.  Once the 48 hour period has expired and unless we have made special arrangements with you prior, you must get a new price quote.  This practice becomes all the more important during a period of moving rates.

If you have received a price quote to sell your structured settlement but elected not to proceed, please contact one of our Customer Service Experts Toll Free at 800-348-3098 and they will be pleased to update your quote and explain the various options with you.

Discount Rates

June 15th, 2009

Sellers of structured settlements have been asking why are discount rates for their cases so high when the Federally set interest rate is so low.

The answer to this is basic economics:

1.  The Fed rate is low because there is reduced market activity and the Fed is trying to stimulate such activity.

2.  Demand for money is high but lending supply is low (this is what they mean when they say money is tight.)

3.  While the Fed rate is low, try to get a mortgage or loan, or worse yet a credit card interest rate that is in the single digits.

At Genex Capital we compete with the credit markets for our money. We must offer our investors a reasonable rate of return that is competitive in the industry.  

As such, the discount rate that we offer our sellers is based on a number of complex variables.

We still are able to offer the best rates in the business because we have low overhead and because we operate on a volume basis so our margins per transaction are low.

Please contact one of our Customer Service Experts at 800-348-3098 and they will be happy to discuss the details of your particular case.

Beware Those Bearing False Gifts

June 6th, 2009

I have been in the structured settlement funding business for 7 years.  In the past 6 months I have observed some funding companies make a commitment to buy certain structured settlement annuity payments from payees but then either be unwilling or unable to complete the transaction at the committed price, either abandoning the deal altogether or attempting to negotiate a lower price at the 11th hour.   While the well publicized credit crisis has affected our industry and this may have been a legitimate cause for deal renegotiation a few months back, it would seem that the practice described above is continuing to this day.

In my view it is wrong for a funding company to negotiate a price that at inception it knows it cannot honor or has a reasonable expectation it cannot honor so as to lock in a seller and then later conduct a bait and switch game.

Genex Capital does not and shall never engage in such practice.  Our prices are based on current funding commitments, not future hopeful commitments.

If you are a prospective seller, you should do your homework on the funding company you are considering engaging to make sure they have a solid track record.

I would be happy to personally discuss our track record with any prospect considering Genex Capital.  Feel free to contact me at 302-356-1522.

Roger Proctor, CEO

Choosing a Funding Company to Buy your Structured Settlement

May 31st, 2009

The decision to sell your structured settlement is a big one.  Perhaps one of the largest assets you have, you want to make sure that you get a fair price and are working with a reputable funding company.

At Genex Capital we encourage you to take your time, shop around and make sure that you are comfortable with the company you are working with before proceeding to enter into a sale agreement.  In that regard, you may want to consult services such as www.structuredsettlement-quotes.com, which shops your payments to a number of funding companies and provides you with the best offers automatically without hassle to you.

It is our policy to offer our best price upfront for your structured settlement or other annuity.  While we are not always perfect, we strive to provide the fastest service permitted by law and we work with you to secure the transaction that best meets your financial needs.

So, please take the time to properly research your sale so as to get the best overall experience possible. 

Visit us at www.genexcapital.com or call us Today at 800-348-3098 and one of our highly trained Customer Service Experts will be pleased to assist you.

 

Breaking News–J.G. Wentworth filed for Bankruptcy Protection

May 20th, 2009

Yesterday J.G. Wentworth (J.G. Wentworth LLC, J.G. Wentworth Inc. and JGW Holdco LLC ) filed for Chapter 11 bankruptcy Protection.  J.G. Wentworth once described itself as the Nation’s leading purchaser of structured settlements and annuities.

Genex Capital is a competitor to J.G. Wentworth.  We continue to be a strong and healthy company.

Please call us today at 800-257-3110 or visit us at www.Genexcapital.com and one of our Customer Service Experts will be pleased to assist you.

Selling your Structured Settlement–Things you can do to Speed up the Transfer Process

May 10th, 2009

At  Genex Capital we understand that you once you have made up your mind to sell your structured settlement annuity that you want to get the transfer process completed as soon as possible so that you can get your money faster.

Genex Capital commits to completing your structured settlement sale transaction in the shortest time permitted by law.  Having said that, we require your cooperation in order to get this done.

Here are some things you can do to speed up the process:

1.  Have ready and send over as soon as possible by fax or email your annuity policy and, if available, settlement agreement.

2.  Review, complete and return the sale package we send to you as soon as it is received.  We send these packages either by Fedex or email depending on which method you choose.  We also enclose a prepaid return Fedex pouch for easy return of documents.

3.  We request, on your behalf, an insurance company benefits letter which will be mailed to you directly by the insurance company.  As soon as it is received, fax it to us at 302-351-3396.

4.  If you require or choose to obtain independent professional advice, get this done within the first week of the transfer process as we require the IPA certificate (copy sent to you in the sale package) for the Court hearing  your transfer application.

5.  Respond to our calls or emails in a timely matter.

6.  Make sure that you are available for the court attendance on the date and at the time provided to you.

If you follow these suggestions you will get paid within 6 to 8 weeks from the date you accept our offer.

Call us and speak to one of our specially trained Customer Service Experts who will answer any questions you may have.

 

PS  There will be no Blog Post next week.