J.G. Wentworth - Structured Settlements
J.G. Wentworth might be the best known of all the structured settlement companies, due to their insanely catch "I have a structured settlement and I need cash now!" commercials. What some people may not know is that in addition to buying and selling structured settlements, J.G. Wentworth also provides a number of other financial services and products. It is, however, one of the largest structured settlement buyers, and is also the owner of Peachtree Financial, another structured settlement company.
Structured settlements usually come from an award or settlement from a court case or lawsuit. They pay out a set amount of money according to a schedule established at the time of the court case or settlement. Sometimes people need cash right now and don't want to, or can't, wait for their structured settlement payments, and companies like J.G. Wentworth buy these structured settlements at a discount rate and use them to provide other financial services and products.
In addition to their structured settlement purchasing and selling services, J.G. Wentworth also provides pre-settlement funding, where you can get cash now in exchange for selling part of your upcoming settlement to J.G. Wentworth. They also purchase lottery winnings, inheritance advances, and other financial products.
Structured settlements are complicated creations, and it is important to note a few things when you are thinking about selling your structured settlement. The first is that because your structured settlement most likely came out of a court case, you will need a judge to approve of the sale. Also, laws regulating these sales are different in different states, and so in some states you may need to hire a lawyer to execute the sale.
Another thing to consider is that not all structured settlements can be sold. While each structured settlement or annuity is different, worker's compensation, divorce and child support payments, and certain kinds of retirement payments generally cannot be sold. If you have questions about your structured settlement you should talk to a lawyer or call J.G. Wentworth or another structured settlement company for more information.
Finally, it is important to note that you will not get the full value of your settlement should you decide to sell. Structured settlement companies make a profit by taking your structured settlement and buying it for less than its total value, known as the discount rate. They then use that structured settlement to form other financial products, for example selling your structured settlement to an investor for a rate less than the settlement's value but more than they paid you. This is one of the reasons it is so important to consult a qualified financial advisor or planner before you decide to sell your structured settlement or annuity, because you will get cash right away, but you will get less total value in the end.
J.G. Wentowrth is one of the best known and largest structured settlement companies. They have a clean, professional website, and offer an array of financial and settlement services, earning them a spot among our best structured settlement companies.