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JG Wentworth Review

Andrew Omalley Andrew Omalley Last update:
Minimum debt
$10,000
Credit Score
Poor +

Overview

JG Wentworth is a debt relief company that has been serving its clients for more than 30 years. The Pennsylvania-based company focused on helping people who are going through financial hardship or who need to get access to cash.

JG Wentworth’s main offerings include purchasing future payment streams and debt relief services. It is an accredited member of the American Fair Credit Council (AFCC) and it also has an A+ rating with the Better Business Bureau. The focus of this review will be on JG Wentworth’s debt relief services. With a team of knowledgeable representatives, JG Wentworth is able to enter negotiations with your creditors on your behalf in an attempt to reduce your total debt.

What are they good for? Where do they specialize?

JG Wentworth offers debt solutions through a debt relief program. The program is designed for people who owe money to multiple creditors, usually at differing and relatively high-interest rates. The program allows JG Wentworth’s representatives to negotiate with creditors on your behalf to lower your debt owed while you make one, affordable monthly payment.

JG Wentworth doesn’t generalize about its program terms or savings. So, the exact terms and conditions and amount of savings will vary from person to person. In order to get specific information, you’ll need to complete a brief online form.

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JG Wentworth Pros

  • Free Consultation & No Risk
  • Make one affordable monthly payment
  • 30+ Years experience in financial services
  • A+ Better Business Bureau rating

JG Wentworth Cons

  • Not everyone will qualify
  • Credit score may be negatively impacted

Application Process

In order to get started, please complete the brief online form on JG Wentworth’s website or call to speak with one of its Certified Debt Specialists. So that the company’s representatives can begin understanding your situation, there are some key pieces of information that you will need to provide when you contact the JG Wentworth team. This includes outlining the total debt you owe, the state that you are living in, and your contact details.

After that, a JG Wentworth Certified Debt Specialist will contact you to present your personalized options. The entire qualification process is quite easy, free, and quick to complete.

Terms & Requirements

JG Wentworth does not publicize the exact requirements which you need to meet to qualify for its debt relief program. However, you will need to be at least 18 years old, and either be a citizen or resident of the United States. JG Wentworth can work with people who have a wide range of credit scores, however it usually will not work with total debt amounts below $15,000.

Eligible debt types covered include, but are not limited to credit card debt, medical debt, personal loan debt and private student loan debt. Some examples of non-eligible debts are car loans, mortgages, federal student loans, or back taxes.

The company works with a large range of debt amounts starting at $15,000. The $15,000 minimum does not apply to each debt, rather it applies to all of your eligible debt combined. In other words, you could qualify for the program if you owed four creditors $2,500 each, as your total debt would be $15,000.

Here is a look at pricing:

Pricing

There aren’t any upfront fees. Instead, JG Wentworth earns its fee, which is calculated based on your enrolled debt amount, once a debt has been settled. Fees can range from 18-25%.

Timeline

While each case is going to be unique, the majority of people who work with JG Wentworth will pay off their accounts in 24-48 months.

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Privacy & Security

JG Wentworth has been in business for over 30 years and has helped a lot of people across the United States during this time. It has an A+ rating from the Better Business Bureau and is also an accredited member of the AFCC. Therefore, you can be secure in the fact that you are getting access to a legitimate offering. JG Wentworth makes sure that any sensitive information that it handles is kept safe by implementing industry-standard security measures designed to protect the personal information that you may provide. This gives you good peace of mind that JG Wentworth can be trusted with your personal information.

 

Customer Support

JG Wentworth provides you with the option to complete an online form when you are seeking debt relief services, or you can speak over the phone directly with a member of the team. The opening hours for the phone lines are between 9am and 9pm Monday to Friday, and 9am to 6pm Saturday.

 

Final Thoughts

JG Wentworth has a few services that could be useful for people who are undergoing some form of financial hardship. The fees generally appear to be somewhat competitive, and JG Wentworth appears to get a large portion of its clients out of debt within four years. Depending on your specific situation, JG Wentworth could be a good fit for your debt relief needs.

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Address

201 King of Prussia Road Radnor,

PA 19087

Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Andrew Omalley Andrew Omalley
Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.
This review is based on the writer's personal opinion.