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.