J G Wentworth

ralphc1

ralphc1

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If you've watched television in the US, you've probably seen the J G Wentworth ads. Seems they are a company that loans money as a way to get an advance on long term payments. I often wonder if there are enough people getting long term payments to justify all of their advertising. Some people put long term payments in their will or maybe somebody put their retirement money in an annuity. I don't know if they do it on Social Security Disability or regular Social Security. If they can, then there might be more opportunity. They must make a good interest rate just to pay for the commercials. Injury settlements might be a big opportunity.

Has anyone used them or do you receive some type of monthly or annual payment that it could be used on? I really can't see that many people would have a reason to take advanced payments.
 
Do you have a structured settlement and need cash now?
 
It seems to me like they prey on hood rats who have got a structured settlement aka “ghetto lottery ticket”
 
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So I take it you've seen their ads too. It's almost as bad as the payday loans guys. They banned payday loan and check advance advertising here. Then there are the pawn shops.
 
Thanks a lot asshole.

I hate their commercials, but I need cash now.

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Call 1-800! 877-CASH NOW!
 
they used to always play this shit back then the local channels too

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ralphc1 said:
If you've watched television in the US, you've probably seen the J G Wentworth ads. Seems they are a company that loans money as a way to get an advance on long term payments. I often wonder if there are enough people getting long term payments to justify all of their advertising. Some people put long term payments in their will or maybe somebody put their retirement money in an annuity. I don't know if they do it on Social Security Disability or regular Social Security. If they can, then there might be more opportunity. They must make a good interest rate just to pay for the commercials. Injury settlements might be a big opportunity.

Has anyone used them or do you receive some type of monthly or annual payment that it could be used on? I really can't see that many people would have a reason to take advanced payments.
Click to expand...

I never understood this business model. I used to work for this company, that apparently used them all the time. The company sent out product, and did not get paid right away, so I guess they got an inflow of cash from some company like JG Wentworth.

I just never got how some company like JG Wentworth did what they did. I guess maybe like a bank making loans, but they dont have deposits.
 
Apparently, their advertising works. I always pictured them leaned against a wall flipping a coin with a toothpick, if you know what I mean.
 
People who use jg wentworth probsbly have insurance from the general.
 
Traffic law counselor that's where we go when the po-lice hassle us, go to 45 bucks.com or just 895-4040
 
ralphc1 said:
If you've watched television in the US, you've probably seen the J G Wentworth ads. Seems they are a company that loans money as a way to get an advance on long term payments. I often wonder if there are enough people getting long term payments to justify all of their advertising. Some people put long term payments in their will or maybe somebody put their retirement money in an annuity. I don't know if they do it on Social Security Disability or regular Social Security. If they can, then there might be more opportunity. They must make a good interest rate just to pay for the commercials. Injury settlements might be a big opportunity.

Has anyone used them or do you receive some type of monthly or annual payment that it could be used on? I really can't see that many people would have a reason to take advanced payments.
Click to expand...
My mom used them against my advice and got ripped off. But she knew what she was getting into.

She used then to break a $75,000 annuity to get a lump sum for it. She was so desperate for the cash that she was willing to give JG about $39,000 of the amount as the compounded interest (their "fee") to collect her payments over the following ten years.
 
AGGAMEMNON66 said:
Legal loan shaking, sounds like
Click to expand...
They probably have all sorts of shady services... But for structured settlements, the person basically signs over the payments to JG in exchange for a lump sum.

The problem is, JG will calculate the compounded interest on those payments over the life of the settlement and charge the person that interest as their fee. So basically people give up a shit load of money that due to them just to have cash in hand right away.
 
If you're owed a million over ten years they'll give you 500 now. Then they sell it to someone else for a profit
 
Those commercials annoy me almost as much as the Kars 4 Kids commercials
 
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