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Part of the settlement would include a requirement that any change of benefit payments be approved only after a court review of the proposed change and an order
by ridgeguy 11y ago
Part of the settlement would include a requirement that any change of benefit payments be approved only after a court review of the proposed change and an order to that effect. I think this would greatly reduce this kind of exploitation.
- ploxiln 11y agoWell, again, if you read the article... a judge does approve these settlement changes, they're accompanied by signed statements from the victims stating what they need the upfront money for, and yes there is legal forum shopping to get judges and courts that don't require in-person appearances, and are more likely to approve. Also in the article, the victims often have large debts, and one of the main reasons in their signed statement is to get out from under their burden of debt. In some cases they feel like they need $50k now no matter the long-term cost. > That’s how 42-year-old Tarsha Simms recently reconciled her decision to sell a portion of her daughter’s settlement to Access Funding. “I do regret it,” Simms said. “But if it wasn’t for this deal, we would be on the street right now.” So what's the fix? Take away all freedom regarding management and spending of their money?
- Lawtonfogle 11y agoIt is the same issue with pay day loans. What is the alternative when someone needs the money now: to tell them no and that they just have to face the consequences of not having the money now?