The company has not filed an annual or quarterly report since its FY2017 10-K, filed Apr 3, 2018.
10-K for FY2017, filed Apr 3, 2018
The sections below describe the company as of the FY2017 annual report.
Provides cash to individuals in exchange for future settlement, annuity and lottery payments, and originates home mortgages for borrowers.
10-K for FY2017, filed Apr 3, 2018(i) Structured Settlement Payments ("Structured Settlements") - Structured Settlements provides liquidity to individuals with financial…View ↗
(ii) Home Lending ("Home Lending") - Home Lending is primarily engaged in retail mortgage lending, originating primarily Federal Housing…View ↗
Through our Structured Settlements segment, we serve the needs of our customers by providing them with cash in exchange for a certain…View ↗
Purchasing Structured Settlement Payments. Structured Settlements are financial tools used by insurance companies to settle claims on…View ↗
Purchasing Annuities. Annuities are insurance products purchased or inherited by individuals from insurance companies that entitle the…View ↗
Purchasing and Brokering Lottery Receivables. Lotteries are prizes that generally have periodic payments and are typically backed by state…View ↗
It buys individuals’ future payment streams for one upfront payment, then finances, sells or securitizes them to generate cash proceeds above the purchase price. Broker fees come when the receivables sale closes.
10-K for FY2017, filed Apr 3, 2018
$3M
10-K for FY2017, filed Apr 3, 2018
$3M ↗
Individuals seeking liquidity sell future settlement, annuity and lottery payments directly to the company; mortgage borrowers use its distributed retail or direct-to-consumer channels.
10-K for FY2017, filed Apr 3, 2018Through our Structured Settlements segment, we serve the needs of our customers by providing them with cash in exchange for a certain…View ↗
Purchasing Structured Settlement Payments. Structured Settlements are financial tools used by insurance companies to settle claims on…View ↗
We act as an intermediary that identifies, underwrites and purchases individual payment streams from our customers, aggregates the payment…View ↗
We operate across several highly competitive and diverse industries, across which we believe our key competitive strengths are our…View ↗
No. It lost $191.3M in .
10-K for FY2017, filed Apr 3, 2018
10-K for FY2017, filed Apr 3, 2018
−$191.3MView ↗
Shrank. Revenue fell 32% in 4 years, from $4.4M in to $3M in , about 9% a year.
Residential mortgage lending
The latest report adds originating, selling and servicing residential mortgages to the earlier focus on buying settlement, annuity and lottery payment streams.
10-K for FY2014, filed Mar 13, 2015 10-K for FY2017, filed Apr 3, 2018We are a leading direct response marketer that provides liquidity to our customers by purchasing structured settlement, annuity and lottery…View ↗
(ii) Home Lending ("Home Lending") - Home Lending is primarily engaged in retail mortgage lending, originating primarily Federal Housing…View ↗
Payment cards and loan referrals
The latest description includes prepaid-card fees and fees for connecting personal-loan seekers with lenders; the earlier description centers on purchasing payment streams and legal-claim interests.
10-K for FY2014, filed Mar 13, 2015 10-K for FY2017, filed Apr 3, 2018We are a leading direct response marketer that provides liquidity to our customers by purchasing structured settlement, annuity and lottery…View ↗
A prepaid card is a card that can be used to access money that has been paid to the card account in advance. There are a number of…View ↗
A Consumer Incentive card is non-reloadable and can only be funded for a single load by a corporate entity, in this case, us. We have…View ↗
Personal loans are unsecured loans, for which borrowers do not have to provide collateral. We have created a personal lending platform…View ↗
Loading...
