Minimum Debt: $15,000
Pros
- Single affordable monthly payment
- No upfront fees; pay only as each debt is resolved
- Monitor your progress online, 24/7
- A good credit score is not required
Cons
- Services are offered in a limited number of states
About JG Wentworth
For over 30 years, JG Wentworth has been assisting individuals in overcoming financial hardships through a range of financial solutions. Their Debt Program can help reduce or eliminate unsecured debt in just 24-48 months by negotiating with creditors on your behalf, allowing you to resolve your debt for less than the total amount owed.
Requirements
JG Wentworth’s Debt Program helps individuals manage unsecured debts, including credit card, personal loan, medical, and private student loan debts. To qualify, you must have at least $10,000 of unsecured debt, reside in an eligible location, and afford the monthly payment for the program.
A Certified Debt Specialist will assess your debt to see if you qualify for the Debt Program. Once enrolled, JG Wentworth will negotiate with your creditors to reduce your debts, aiming to achieve the maximum savings for you. While the duration of the program can vary, JG Wentworth estimates that most individuals can resolve their debt within 24 to 48 months. We suggest asking one of their Certified Debt Specialists about the typical program length for situations similar to yours.
Enrolling in a debt program may initially negatively affect your credit rating. While this can be challenging, it’s important to remember that this impact is temporary. As you resolve your debts and practice good credit habits, your credit rating will gradually improve.
Fees
JG Wentworth does not charge any upfront fees. The fees are calculated as a percentage of your total enrolled debt and are paid only when each debt is resolved. The exact percentage depends on your individual circumstances and state regulations. Fees are included in your monthly program payment and will not increase. You can cancel the program at any time without incurring any penalties.
Customer Support
JG Wentworth’s Certified Debt Specialists can assist you from 9 AM to 9 PM ET, Monday through Saturday, and from 10 AM to 6 PM ET on Sunday. You can reach them via phone, email, or live chat. If you request a free initial consultation, a Certified Debt Specialist will call you within 24 hours.
- Phone: 1-888-1499
Conclusion
JG Wentworth assists individuals with at least $10,000 in unsecured debt by negotiating with creditors to reduce the total amount owed. They work on your behalf to create a manageable monthly payment plan. To learn more about how JG Wentworth can help you, you can schedule a free initial consultation.
