Consumer reviews and reports on scam companies, bad products and services
The Burns Tactic / The Burns Effect Deceptive Sales Practice Used By Well Known Structured Settlement Factoring Company Wayne, Pennsylvania
5th of Mar, 2013 by User109427
In mid-2012 I got badly behind paying some of my bills. When I saw one of the famous "It's my money and I need it now" commercials I decided to give the company a call. Their quote almost seemed too good to be true and I decided to take the plunge. The next 4 months of my life can only be described as a roller coaster through hell. It maybe too late for me because I have nothing left but maybe I can help save someone else out there before they do the same thing to you. I did some research and what happened to me is something that they have been successfully doing for years and it has been called The Burns Tactic. It is a deceptive sales practice that they routinely use on their prospects. The scheme consists of offering the caller a ridiculously high quote to buy their structured settlement annuity payments with the objective of getting rid of the competitors and ultimately getting the deal but (here's the kicker!) they never intend on making good on that specific offer. I naturally jumped on their amazing quote and signed the sale agreement which contained language that allows them to terminate their offer for any reason at any time prior to the payment date. After many weeks of jumping through their hoops and just before closing the deal, the company representative called me up and said that a regrettable mistake had been made and I would have to make a decision to accept a significantly lower price or they would have no choice but to cancel the deal. Unfortunately for me the only reason that I decided to sell my structured settlement payments in the first place was because I had fallen behind on my debts and I became desperate enough to have to sell my payments to get back on track again. At this point over 3 months have gone by and I desperately need the money so I had absolutely no choice but to take their ridiculously lower payment rather than deal with the repercussions of not paying my debts and starting the entire process over again. After going through The Burns Tactic above you are likely to feel frustration, disappointment, lack of trust, suspicion, anger, despair, and demoralization to name a few. After doing some research I found out that those feelings are aptly named The Burns Effect.

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