JG Wentworth

Key Takeaways

• Don’t Qualify for a Loan? Here’s Another Option. Negotiate with your creditors to reduce the amount of debt that you owe.
• Become debt free in as little as 24 months. Debt resolution program results will vary by individual situation.
• No Minimum Credit Score Required. All credit score types are considered.
• Minimum debt balance of $10,000. JG Wentworth only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies. However, it will also only settle individual accounts if they have a balance of $1,000 or more per account.
• ACDR and IAPDA accredited. JG Wentworth is a member of the Association for Consumer Debt Relief (ACDR), which is the largest trade association for the debt settlement industry. It also employs debt resolution specialists that have been trained and accredited by the International Association of Professional Debt Arbitrators (IAPDA).
• Well-established company. JG Wentworth has been in business for 35 years.
• Only considers unsecured debts. JG Wentworth will only settle unsecured debts. These include credit card accounts and personal loans.
• Available in most states. JG Wentworth is available in 50 states, and Washington, DC.

JG Wentworth Pros & Cons

JG Wentworth FAQ

What does JG Wentworth do?

• Unsecured debt, such as credit card debt, medical debt, and personal loans.

What does JG Wentworth charge?

Clients who are able to stay with the program and get all their debt settled realize approximate savings of 43% before the program fee. JG Wentworth settlement fees typically range from 18% of the enrolled debt up to 25% of the enrolled debt, depending on state regulations.

Does JG Wentworth offer a guarantee?

No, JG Wentworth does not have a money back guarantee. Some debt settlement companies advertise a money-back guarantee that typically states you won't be charged until your debt is settled. However, it is illegal for debt settlement companies to charge upfront fees before an account is settled. So these guarantees offer little added value to consumers.

What is the minimum debt JG Wentworth will consider?

JG Wentworth is recommended for customers with an unsecured debt of $10,000 or more. Customers with less than $10,000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.

Does JG Wentworth perform its own servicing in-house?

What accreditations does JG Wentworth have?

• JG Wentworth is an accredited ACDR member.
• JG Wentworth is an IAPDA member.

Is JG Wentworth a legit company?