Is JG Wentworth offer really worth it?

The total amount it pockets is called the “effective discount rate,” which includes all its fees, and can total 9 percent to 15 percent or more. Still, if you’re paying 30 percent interest on credit-card debt, doing business with J.G. Wentworth may be worthwhile.

What does JG Wentworth actually do?

JG Wentworth is a financial services company that focuses on helping consumers who are experiencing financial hardship or need access to cash. Offerings include structured settlement payment purchasing, annuity payment purchasing, lottery and casino payment purchasing and debt relief services.

How do you get money from JG Wentworth?

JG Wentworth can provide you with a lump sum in exchange for your annuity payments. The money is accessible when you retire. There may be a buyout clause where the recipient can cancel the annuity early and receive a lump sum. However, this often involves an early withdrawal penalty.

What interest rate does JG Wentworth charge?

JG Wentworth fees can range from 9% to 15%, depending on the details of your structured settlement or annuity.

What credit score is needed for JG Wentworth?

While J.G. Wentworth doesn’t display credit requirements outright on its website, usually the rule of thumb is around 700 FICO score to qualify for a conventional loan and 620 as a minimum for some government-backed loans.

Who is the bus driver on the JG Wentworth commercial?

One of the winners is Allen Saunders of Perth Amboy. Saunders is featured in a new commercial across national broadcast and cable networks, including MTV, Comedy Central, and VH1.

Can you give me the number to JG Wentworth?

1-800-715-8127
The J.G. Wentworth Company, 1200 Morris Drive, Chesterbrook, Pennsylvania 19087; phone number 1-800-715-8127; email [email protected].

What is an annuity payment?

An annuity is a long-term investment that is issued by an insurance company and is designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.

Who is the brunette in the JG Wentworth commercial?

The spot features a city bus full of workaday people, including a curly woman in a pink blazer (played by American actress Briana Cortesiano), a construction worker, and a man wearing a Viking crown, singing about selling structured settlement payments for cash now. “It’s your money.

Who is the JG Wentworth actor?

Michael Spedden – Biography – IMDb.

Are those real opera singers in the JG Wentworth commercial?

Dressed as Vikings opera singers, the Hugo residents are featured in a pair of commercials released last week for J.G. Wentworth, as part of the company’s “Shot at the Spot” Contest.