In the above video on aspects of Structured Settlements, John Darer and Matt Bracy, discuss the structured settlement “primary” and “secondary” markets. They met at the Legal Broadcast Network studios to debate some of the issues that are causing some disagreement in the structured settlement industry. On one side is John Darer, a structured settlement consultant and regular guest commentator on settlement and annuity industry practices versus Matt Bracy, general counsel of Settlement Capital, Inc. and president of the National Association of Settlement Purchasers. This two part series provides a very detailed and at times heated discussion of the difficult issues related to advertising, licensing and structured settlement factoring practices.

John Darer and Matt Bracy Structured Settlements continue their open and honest discussion on how the primary and secondary structured settlement segments should work together for the greater benefit of the structured settlement industry and people that need help with claims.

The Structured Settlement industry has been critical of the secondary factoring market (the liquidity aspects where people can restructure their settlement that the primary market provided) and their aggressive marketing campaigns to get people to sell their settlements.

Factoring company advertising has caused a lot of consternation in the primary market (where structured settlements are made) and by attorneys and judges because of the “cash now” advocacy of some of the ads. Some people feel that the advertising targets people that are in no position to understand structured settlement companies and the various payout plans available.

There needs to be a clear path for consumers to find out information on structured settlements and annuities. The people in the primary market dislike the cash now approach the secondary market is using. This has dissipated to some extent over the last few years however the aggressive advertising still continues.

Some of the aggressive advertising involves companies giving away prizes to lure people to come to them to sell their annuity settlement.