There are a lot of JG Wentworth reviews out there, and it can be tough to figure out what is true and what isn’t. So, is JG Wentworth a scam? In this JG Wentworth review, we will take an in-depth look at the company and see if they are legit or not. JG Wentworth is a debt relief company that has been around since 1992. They offer services such as debt consolidation, credit counseling, and bankruptcy alternatives.
They are a member of the National Foundation for Credit Counseling and are accredited by the Better Business Bureau. JG Wentworth has an A+ rating with the BBB and has been in business for over 25 years.
So, what do people say about JG Wentworth? Well, there are both positive and negative reviews out there. Some people say that this company helped them get out of debt and that they were able to save money with their services. Others have said that is a scam and that they didn’t receive the help they were promised. So, it really depends on who you ask.
If you are considering using them for debt relief, we recommend doing your research and reading reviews from multiple sources. You should also contact the company directly and ask them any questions you may have.
JG Wentworth is a legitimate debt relief company with a long history of helping people get out of debt. However, it is always important to do your own research before signing up for any service. This review should help you decide if they are the right company for you.
3.0 out of 5.0 stars
JG Wentworth Pros and Cons
When it comes to debt relief, there are more cons than pros when it comes to JG Wentworth. While they may be able to help you get out of debt, they also have a lot of negative reviews and complaints. Here are some things to consider before working with them:
- They have high-interest rates. This means that you could end up paying more in the long run, even if they are able to help you get out of debt.
- There are a lot of negative reviews and complaints. This should make you question whether or not they are the right choice for you.
- They may not be able to help you as much as you need. If your debt is very high, it might not be worth it to work with them.
Overall, there are more cons than pros when it comes to working with this company. Make sure to do your research and weigh all of your options before making a decision. Debt relief is a big decision, and you want to make sure you are working with the best company possible.
What is JG Wentworth?
This company provides debt relief to people who have structured settlements. The company has been the subject of negative reviews, and there is now a class-action lawsuit filed against them in Missouri. The lawsuit alleges that JG Wentworth violated the Missouri Structured Settlement Protection Act. If you are considering using this company for debt relief, you should be aware of these allegations and make sure you understand your rights before proceeding.
If you have been the victim of a scam, you can file a complaint with the Federal Trade Commission. You should also contact your state Attorney General’s office to find out if there are any pending lawsuits against the company in your state. This company is not licensed to do business in all states, so you may want to check with your state’s licensing board to see if they have any complaints on record.
Who owns JG Wentworth?
The answer is a little complicated. The short answer is that JG Wentworth is owned by a holding company called J.G. Wentworth Company, which is in turn owned by an investment firm called Stone Point Capital.
However, the story of who owns JG Wentworth is a bit more complicated than that. The long answer has to do with a series of mergers and acquisitions that have taken place over the years. In 2009, for example, JG Wentworth was acquired by Penn Mutual Life Insurance Company. However, Penn Mutual sold JG Wentworth to Stone Point Capital in 2015.
So, while the current owner of JG Wentworth is technically Stone Point Capital, the company has changed hands several times over the years.
How does JG Wentworth work?
JG Wentworth works with customers to create a Debt Relief Plan that fits their unique financial situation. Customers work with a Debt Relief Specialist who will negotiate with creditors on their behalf to lower monthly payments, interest rates, and fees.
The Debt Relief Specialist will also work with the customer to set up a budget and create a plan to pay off the debt within 36-60 months. Customers make one monthly payment, which is then distributed among their creditors according to the Debt Relief Plan.
JG Wentworth is a legitimate company that has helped thousands of people get out of debt. However, there have been some complaints from customers who feel like they were scammed. If you’re considering using JG Wentworth for Debt Relief, be sure to do your research and read customer reviews before making a decision.
How does JG Wentworth affect your credit?
It’s no secret that JG Wentworth is a Debt Relief company. And while their services can be helpful to some people, it’s important to be aware of the potential negative impacts they can have on your credit score.
One of the biggest ways JG Wentworth can affect your credit is by doing a hard pull on your report. This means that they will access your full credit history in order to determine whether or not you’re a good candidate for their services. And while this isn’t necessarily a bad thing, it can lower your credit score by a few points.
Another way JG Wentworth can impact your credit is by being listed as a Debt Relief company on your report. This designation can stay on your report for up to seven years and can make it difficult to get approved for new lines of credit.
So if you’re considering using JG Wentworth’s Debt Relief services, be sure to weigh the potential impacts on your credit score before making a decision.
How much does JG Wentworth cost?
If you’re considering using JG Wentworth to get out of debt, you may be wondering how much it will cost. Unfortunately, there’s no easy answer to that question. JG Wentworth is a debt relief company, and like many other companies in this industry, they charge hidden fees that can add up quickly.
Debt relief companies typically charge high fees, and JG Wentworth is no exception. In addition to their high fees, they also have a number of hidden charges that can catch customers off guard. Be sure to carefully read over your contract before signing anything, and make sure you understand all the fees involved. Otherwise, you could end up paying more than you bargained for.
How to contact JG Wentworth customer service
If you’re looking for JG Wentworth customer service, the number to call is855-930-6480. You may need to wait on hold for a customer service representative to become available, but once they are, they will be able to help you with whatever questions or concerns you have.
How to login to JG Wentworth
First, go to the JG Wentworth website. Second, find the “login” page. It should be located in the top right-hand corner of the screen. Once you’re on the login page, simply enter your username and password into the appropriate fields. Finally, click “login.” That’s it! You’re now logged in and can begin using JG Wentworth’s Debt Relief services.
Who Is JG Wentworth Affiliated With?
There are a lot of companies out there that offer debt relief services. Some of them are good, and some of them are not so good. So how do you know which one to choose?
One way to find out is to see who the company is affiliated with. JG Wentworth is affiliated with two very well-known and respected organizations: the National Foundation for Credit Counseling (NFCC) and the Association of Settlement Companies (ASC).
These affiliations mean that JG Wentworth has passed a rigorous set of standards and ethical guidelines.
How to cancel JG Wentworth?
The company has been the subject of negative reviews, with many customers complaining about the difficulty of canceling their services. If you’re considering using JG Wentworth, be aware that it may be difficult to cancel your contract if you decide you’re not happy with the service.
There are a few steps you’ll need to take in order to cancel your JG Wentworth account. First, you’ll need to find your account number and contact information. You can find this information by logging into your online account or by calling customer service at (855)930-6480. Once you have this information, you’ll need to write a cancellation letter explaining why you’re canceling your account and requesting a refund of any unused funds.
Once you have your account number and cancellation letter, you can send them to JG Wentworth’s mailing address:
J.G. Wentworth & Company, LLC
Attn: Customer Service
201 King of Prussia Road, Radnor, PA 19087
You should also keep a copy of your cancellation letter for your own records. I Wentworth. Many customers
JG Wentworth BBB reviews show
JG Wentworth BBB reviews show that the company has had 68 complaints closed in the last three years. Of those, 24 have been closed in the last twelve months. The majority of these complaints appear to be negative reviews from customers who are unhappy with the service they received. While it’s not unusual for a company to have some negative feedback, JG Wentworth appears to have more than its fair share. If you’re considering using their services, you may want to think twice.
Here are some JG Wentworth BBB Reviews:
Talita R 11/22/20211.0 out of 5.0 stars
Do not keep their contract, not enough assistance, they rude! Also removed money from my account without following the monthly payment agreement.
Jessica 08/31/20211.0 out of 5.0 stars
Really the only thing we saved was interest. The amount each creditor wrote off was about the amount that JG charged for their fee. So really the only good thing to come out of the whole thing was to be able to lump all your payments into one payment. Also, the loan in the end was still at a very high-interest rate. So overall if given a choice I would not have chosen to go in this direction. Maybe if you are really desperate.
Donna P. 08/19/20211.0 out of 5.0 stars
I started payments to JG Wentworth for the negotiations of my credit cards At the beginning of July. They did not tell me they would be taking my money towards this system but not do any negotiations with my creditors until 4 to 6 months after! My creditors are calling nonstop and my credit score has taken an 80+ point drop. This company’s tactics are to just sign you up and then take their time handling your accounts. I could have negotiated them all myself by now. Instead, they are sitting on my cash and letting me go down the drain.
Complaint Type: Billing/Collection Issues 08/24/20211.0 out of 5.0 stars
On 08/24/21 I contacted *** because I was unable to get in touch with anyone at JG Wentworth reference settlement payments being made, despite numerous attempts over the last 2 months to talk with someone at JGW. I found out that after the settlement agreement with **** was made, there were to be 3 payments from my JG Wentworth account to fulfill this settlement agreement that would be completed by 08/22/21. NO SUCH PAYMENTS occurred. Due to JGW failing to make these payments, my settlement agreement has defaulted and has been charged off – leaving a derogatory note on my credit report. I do not understand how this could have happened when I have the funds available in my account and I was assured by the JGW associate on the phone with me during the call to **************, that this would be paid off in the 3 payments agreed upon. I WANT ANSWERS. This needs to be corrected NOW. I suggest you reach out to me at your earliest convenience.
Is JG Wentworth legit or a Scam?
If you’re considering working with JG Wentworth, you may have seen some negative reviews online and are wondering if they’re legitimate.
The short answer is that while there are some complaints about the company, they are not a scam. However, it’s important to do your research and understand the process before you commit to working with them.
Here’s a more detailed look at what some people have said about JG Wentworth:
Some negative reviews mention that the company charges high fees and doesn’t always deliver on its promises. Others have complained about the quality of the settlement funds they received.
It’s important to keep in mind that JG Wentworth is not a traditional lender. They are a structured settlement funding company, which means they purchase structured settlements from people who need cash now in exchange for a lump-sum payment.
While there are some risks involved in working with JG Wentworth, they are a legitimate company with an A+ rating from the Better Business Bureau.
Have you had any experience with JG Wentworth? We’d love to hear about it in the comments! Thanks for reading!Clearone Advantage, Credit Associates, Credit 9, Americor Funding, Tripoint Lending, Lendvia, Simple Path Financial, New Start Capital, Point Break Financial, Sagemore Financial, Money Ladder, Advantage Preferred Financial, LoanQuo, Apply.Credit9, Mobilend
JG Wentworth Review
JG Wentworth Review
If you’re considering working with JG Wentworth, you may have seen some negative reviews online and are wondering if they’re legitimate. The short answer is that while there are some complaints about the company, they are not a scam. However, it’s important to do your research and understand the process before you commit to working with them.
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