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!!!!!