JG Wentworth Review
8.6
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JG Wentworth Reviews

8.6
Andrew Omalley

WRITTEN BY

Andrew Omalley

A reputable company for debt relief
A reputable company for debt relief
About JG Wentworth

Founded in 1991, JG Wentworth provides financial services to consumers who are in financial hardship or can’t access cash. A range of services is available, including structured settlement payment purchasing, annuity payment purchasing, lottery and casino payment purchasing, and debt relief.

The Pennsylvania-based firm has a great reputation in the space. It offers a free consultation to people, as well as negotiating with creditors on your behalf.

9.0

LS SCORE

10

CREDIBILITY

8.0

SUPPORT

8.0

ACCESSIBILITY

JG Wentworth Debt Relief Review

The JG Wentworth debt relief offering is focused on people who might owe money to numerous creditors and are struggling to juggle everything. Their debt might be at high-interest rates, which can make it tough to pay off any meaningful amounts of debt.

While JG Wentworth doesn’t provide too many details about its process, it can help people to restructure their debt and package it into a single monthly payment.

JG Wentworth Debt Relief Highlights

LOAN AMOUNT

min $10,000

LOAN REPAYMENT TERM

2 - 5 years

MIN CREDIT SCORE

450

ORIGINATION FEE

None

PREPAYMENT FEE

None

OTHER FEES

Yes

SOFT CREDIT PULL

Yes

LENDER TYPE

Direct

Pros & Cons

  • Trustworthy company
  • Offers a free consultation
  • Deals directly with creditors
  • Easy to get up and running
  • Only available in certain states
  • Rates and fees can be substantial

Debt Consolidation Types

  • Debt relief consultation service
  • Debt consolidation loans

JG Wentworth Debt Relief Terms & Requirements

JG Wentworth will offer you a free consultation, allowing the experienced team to see what the best approach to take with your given situation will be. The idea will be to replace your various forms of debt payments with a single monthly payment.

The funds will be sent into a savings account, with JG Wentworth then using the funds to pay off your creditors. The average time it takes JG Wentworth users to get out of debt is 24-48 months.

JG Wentworth does not really disclose the APRs that are in place for its debt relief program. People with a poor credit score will be able to get help from JG Wentworth. There can be a hefty fee in place, with these charges coming through your monthly payments.

How to Apply

Step 1

Fill in your details to apply to the debt relief program

If you are happy to proceed with the plan, you will just need to provide a bit more personal information. Then you will be fully set up on the JG Wentworth system. Every month you will send a payment to JG Wentworth, which will service your various loans.

Qualification Requirements

  • Accepts people with a poor credit score
  • You need to be at least 18 years old
  • US visa holder or citizen

Required Information

  • Full name
  • Home address
  • Social Security Number
  • Annual income
  • Current debt obligations

Application Steps & Time Frames

There is a simple online form that you can fill out on the JG Wentworth website. You will then receive communication from a debt specialist at JG Wentworth by phone. They will talk through your situation for free and come up with a personalized debt relief plan.

State Availability

Available - Alabama, Alaska, Arizona, Arkansas, California, Florida, Idaho, Kentucky, Massachusetts, Michigan, Missouri, Montana, Nebraska, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, South Dakota, Texas, Virginia.

Not Available - Colorado, Connecticut, Delaware, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Minnesota, Mississippi, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oregon, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Washington, West Virginia, Wisconsin, Wyoming.

JG Wentworth Auto Loans Review

JG Wentworth Auto Loans Highlights

ORIGINATION FEE

None

PREPAYMENT FEE

None

OTHER FEES

Yes

MAX VEHICLE AGE

years

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

State Availability

Available in all states

Privacy & Security

JG Wentworth has been in business for over 30 years and has helped many 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 ensures that any sensitive information it handles is kept safe by implementing industry-standard security measures designed to protect the personal information you may provide. This gives you good peace of mind that JG Wentworth can be trusted with your personal information.

Customer Support

You can learn the sort of approach JG Wentworth takes regarding debt relief through the company’s website. The customer support team is also very helpful, with telephone lines open six days a week.

Email and live chat options are also available, meaning that you can contact the support team in various ways. If you want to get started with JG Wentworth, you can get a free consultation from an experienced debt relief professional.

Phone Support
(888)-570-5240
Mon-Thur
8am-11pm EST
Friday
8am-9pm EST
Saturday
8am-6pm EST
Sunday
Closed

In Conclusion

JG Wentworth has proven to be a helping hand to people who are looking to deal with unstructured debt but don’t know what is the best approach to take. In order to meet the needs of consumers, they offer customized financial solutions. The company has an A+ rating from the Better Business Bureau, so you can feel confident about working with them. The free consultation is a great way to find out what JG Wentworth can do for you without having to commit to anything right off the bat.

 

FAQ

How much unsecured debt do you need in order to deal with JG Wentworth?
JG Wentworth will only deal with people who have unsecured debt of at least $10,000.
How do you pay off debt through JG Wentworth?
You will need to make monthly payments into a savings account, with these funds then getting utilized to pay creditors.
Are there late fees charged by JG Wentworth?
If you miss any of your monthly payments, you will need to pay late fees.
What is the average time in which JG Wentworth clients pay off their debt?
The average time it takes JG Wentworth clients to pay off debt is 24-48 months.

JG Wentworth Disclaimer

Debt relief program results will vary by individual situation. As such, it may not be suitable for all persons. JG Wentworth does not offer debt relief services in all states and fees may vary from state to state. Not all debts are eligible for enrollment. Not all individuals who enroll complete our program for various reasons, including their ability to save sufficient funds.

Savings resulting from successful negotiations may result in tax consequences, please consult with a tax professional regarding these consequences. The use of debt relief services can potentially have an adverse impact on your credit rating, may result in you being subject to collections, and may result in other adverse action by creditors or collection agencies. Read and understand the program contract prior to enrollment.

JG Wentworth does not pay or assume any debts or provide legal, financial or tax advice or credit repair services. You should consult with independent professionals for such advice or services. Please consult with a bankruptcy attorney for more information on bankruptcy.

Disclosure

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WRITTEN BY

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.