As more customers have found it impossible to cash out their annuities through the original issuers,” Schwartz says, “they have turned to third parties such as Woodbridge Structured Funding as their source of liquidity.
BOCA RATON, FL (PRWEB) July 11, 2011
Woodbridge Structured Funding, LLC, a Florida and California-based company specializing in the factoring of structured settlements, lottery payments and annuities announced today record second quarter results. Scott Schwartz, Executive Vice President, Woodbridge Structured Funding, stated, "The company has posted solid second quarter results in all areas of the structured settlement, lottery and annuity factoring businesses.”
"The lottery business,” Schwartz continues, “is our mainstream business, and the first cash flow the company specialized in. This area has reported solid growth with transactions completed in states including New York, New Jersey, Florida, Ohio and Massachusetts. We are finding more lottery winners selling payments as other sources of borrowing continue to be tight. Lottery winners are reporting the lack of home equity loans as well as reduced limits on credit cards as major factors in selling their lottery payments for a lump sum.”
Woodbridge Structured Funding’s annuities business has continued to experience record growth on top of last year’s ten-fold growth. “As more customers have found it impossible to cash out their annuities through the original issuers,” Schwartz says, “they have turned to third parties such as Woodbridge Structured Funding as their source of liquidity.”
Schwartz adds, “Our Structured Settlement department is becoming our main cash flow representing over 70 percent of all net income. This business continues to grow at double-digit rates. Again, the lack of other forms of borrowing has sent more customers to us than ever before to receive a lump sum for their structured settlements.”
Woodbridge Structured Funding, LLC can be found online at http://woodbridgeinvestments.com
About Woodbridge Structured Funding, LLC
Woodbridge and its predecessor companies have been pioneers in the financial services industry. Nearly twenty years ago, Woodbridge innovated the purchase of future payments in return for a lump sum. Since 1993, Woodbridge Structured Funding, LLC its predecessor companies and founders, have bought nearly one billion of dollars on lottery winnings, jackpots, sell structured settlements and sell annuity payments one satisfied customer at a time.