Complaint Review: Future Income Payments LLC

     Early this spring, I needed some quick cash.  I sold my NYS Pension to Future Income Payments, LLC.  I got $3500 cash.

     Here in Decembeer, after making 9 monthly payments of $303 each, I asked them for a closeout quote.  The man I talked to (Cris) said he would email the calculations.

     I got the email.  Total Value: $36,360.00

                           Cash Advance: $3,500.00

                           Total Payment: $2762.00

                           Option #1: $33,598.00

                           50% off: $16,799.00

     So, for a loan of $3,500.00, and paying back $2,762.00, they want me to pay an ADDITIONAL $16,799.00 to end this deal.

     For the loan of $3,500.00 it will cost me a total of $19,561.00 to end this deal.  Now is that eveer a SCAM!!!!!