The company has posted solid fourth quarter results and has experienced record growth in all areas of the structured settlement, lottery and annuity factoring businesses
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Quote startThe company has posted solid fourth quarter results and has experienced record growth in all areas of the structured settlement, lottery and annuity factoring businessesQuote end
Boca Raton, Florida (Vocus/PRWEB) January 21, 2011
Woodbridge Structured Funding, LLC, a Florida and California-based company specializing in the factoring of structured settlements, lottery payments and annuities has today announced record fourth quarter results as well as posting a record year for the com
pany. Scott Schwartz, Executive Vice President, Woodbridge Structured Funding, stated today , "The company has posted solid fourth quarter results and has experienced record growth 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 have dried up. 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 experienced ten-fold growth this year. “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 has quadrupled in size in 2010 and 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 settlement payments.”
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. Over eighteen 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, structured settlement payments, sell annuity payments, mortgages and deeds of trusts, one satisfied customer at a time.
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