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A debt-free life is possible! JG Wentworth can help you lower your total debt and pay off your unsecured debt faster. Contact us today to find out how.

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$10,000 $100,000+

What is JG Wentworth’s Debt Relief Program?

 

Our Debt Resolution Program can help you lower your debt and pay it off faster—and we make it easy.

One monthly program payment

We start by working with you to assess your overall debt to determine if you qualify for our program. You then make just one monthly program payment into an account that you control, with an insured financial institution.

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We Create Your Debt Resolution Program

After you enroll and set aside funds, our team of skilled negotiators works with your creditors on your behalf to lower each enrolled debt.We could potentially knock thousands of dollars off your total debt. Yes, really!

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We Negotiate on Your Behalf

As you accumulate money in your program account, we continue to negotiate with your creditors to settle your debts. The money in your program account goes toward paying off the settled debt amount, plus your program fees.

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24/7 Support

We keep in touch every step of the way. Whenever there’s an update, we make sure to fill you in so you’re in the loop about your own finances. Our 24/7 online portal allows you to check your progress at your convenience.

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One monthly program payment

We start by working with you to assess your overall debt to determine if you qualify for our program. You then make just one monthly program payment into an account that you control, with an insured financial institution.

jgw_stepone

We Create Your Debt Resolution Program

After you enroll and set aside funds, our team of skilled negotiators works with your creditors on your behalf to lower each enrolled debt.We could potentially knock thousands of dollars off your total debt. Yes, really!

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We Negotiate on Your Behalf

As you accumulate money in your program account, we continue to negotiate with your creditors to settle your debts. The money in your program account goes toward paying off the settled debt amount, plus your program fees.

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24/7 Support

We keep in touch every step of the way. Whenever there’s an update, we make sure to fill you in so you’re in the loop about your own finances. Our 24/7 online portal allows you to check your progress at your convenience.

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Better Business Bureau
Celebrating 30+ years helping people get cash from their structured settlements
US Chamber of Commerce member
American Fair Credit Council

Run the Numbers on Our Debt Resolution Program1

Number of monthly debt resolution program payments

1

Number of months on average it takes our clients to pay off their debts

24-48

Average number of accounts our clients enroll

6

Amount some clients save before program fees

50%
Debt Repayment Calculator*
A value between $7500.00 and $250000.00.
A value between 15.00% and 29.00%.

Compare Debt Payoff Options**

JG Wentworth negotiates with creditors on your behalf to lower your debt amounts. See how our Debt Relief Program compares to other common payoff methods.

Debt Relief with JGW

Time
to Payoff

0

Total
Interest Paid

N/A

Interest Rate N/A
Monthly Payment $0.00
Total Cost $0.00
Total Savings
$0.00

You pay no interest with JGW Debt Relief.

Consolidation Loan

Time
to Payoff

0

Total
Interest Paid

$0.00

Interest Rate 0.00%
Monthly Payment $0.00
Total Cost $0.00

Payoff at the current average interest rate you provided.

Current Payoff

Time
to Payoff

0

Total
Interest Paid

$0.00

Interest Rate 0.00%
Monthly Payment $0.00
Total Cost $0.00

Payoff at the current average interest rate you provided.

Compare Monthly Payments

Bar charts visually comparing the monthly payments for three debt repayment options.
Debt Relief with JGW: value to be calculated
Consolidation Loan: value to be calculated
Current Payoff: value to be calculated

Compare Total Costs

Bar charts visually comparing the total costs for three debt repayment options.
Debt Relief with JGW: value to be calculated
Consolidation Loan: value to be calculated
Current Payoff: value to be calculated

How to Use the Debt Repayment Calculator

  1. Enter the amount of debt you owe in the "Your Total Debt" field. An estimate is fine if you don't know the exact amount.
  2. Enter the average interest rate you are paying on your total debt in the "Average Interest Rate" field.
  3. Click "Calculate" to view your estimated payoff options.

Back to calculator

Hand putting money into piggy bank

A Win-Win Situation

 

When you read about all the benefits of debt resolution with JG Wentworth, it might seem like it’s too good to be true. You might be wondering what the catch is—how does JG Wentworth make its money?

 

When you enroll your debt in the JG Wentworth Debt Relief Program, we take a fee based on a percentage of the debt that you enroll. We only receive payment if we settle your debt. If we aren’t successful in settling a debt, we don’t make any money—which serves as motivation for our team of negotiators to help you settle as quickly as possible.

 

The bottom line? We win when you win!

Why Choose JG Wentworth's Debt Resolution Program?

 

JG Wentworth's Debt Resolution program serves as a beacon of hope for individuals overwhelmed by debt. Our Debt Resolution Program negotiates with the institutions you owe, aiming to substantially lower the total debt you owe. Our customers save an average of 43% of their enrolled debt (before our 25% program fee) and pay it off in as few as 24-48 months.

 

By tailoring a debt resolution strategy that suits your unique financial circumstances, we work with you to carve out a path to financial stability that avoids the lasting negative impacts of declaring bankruptcy. Our certified debt specialists possess a deep understanding of debt negotiation intricacies and leverage their extensive experience to achieve favorable outcomes for our clients. We are dedicated to maintaining transparency and providing unwavering support throughout the entire process, ensuring that you remain well-informed and confident in the decisions you make.

 

Enrolling in JG Wentworth's Debt Resolution service means choosing a reliable partner in your quest for financial liberation. We recognize the emotional and financial toll that debt can exert on individuals and families, and we approach each case with your unique goals in mind. Our program is not just about relieving you of your debt; it's about instilling hope and offering a fresh start. Through custom-tailored strategies and dedicated support, we assist our clients on their path to reclaiming their financial freedom, setting the stage for a brighter and more financially secure future. 

Debt Resolution FAQs

    “Debt settlement,” “debt relief,” and “debt resolution” are terms frequently used interchangeably to describe the process where you or a company acting on your behalf will negotiate with your creditors to reduce the amount of debt that you owe, with the goal of paying off your enrolled debt entirely.

    Many customers who complete our program pay off their enrolled debts in as little as just 24-48 months. Compared to spending years and years making the minimum monthly payments and accumulating interest at a high rate, debt relief can be a quicker, cheaper, and easier way to reach your goal of becoming debt free.

     

    Want to see how much time and money you could save by enrolling in our Debt Relief Program? Check out our Debt Repayment Calculator.

     

    Calculate Your Repayment Time

    The fee we take for settling your debt is calculated into your quoted monthly payment that we work out from the get-go. If you complete the program faster or slower, our fee remains the same; JG Wentworth will never charge you hidden fees.

     

    This fee is a percentage of each debt that you enroll in the program and settle, and that percentage varies from client to client based on their individual situation. If we can’t settle a specific debt for you, we won’t take a fee on that debt.

     

    The dedicated program account provider will take a fee; you can review the specifics of potential provider fees in your enrollment contract with us or in a separate agreement with an outside account provider of your choosing.

     

    We also offer optional “legal insurance” to our clients through an outside law firm for a small monthly fee. That is, if one of your accounts goes delinquent and your creditor takes legal action, a law firm whose plan we offer will represent you. This helpful service is optional; whether or not you choose to sign up for this service is your decision.

    Clients enter our Debt Resolution Program because they are struggling to make ends meet. While we don’t advise anyone to stop paying their credit card bills, it’s important to note that continuing to make payments could impact our leverage when negotiating with creditors. The decision to stop paying your creditors is yours.

    JG Wentworth cannot and does not offer tax advice, but in general, if your debt is canceled, forgiven, or discharged for less than the amount owed, the amount of the canceled debt is taxable. If taxable – usually if the debt exceeds $600.00 – you must report the resolved debt on your tax return for the year in which the cancellation occurred. That said, this does not necessarily mean you owe taxes on the forgiven portion. In many cases, clients can legally exclude resolved debt from their income through the “insolvency exclusion” provided by the IRS code. This exclusion means that your liabilities exceed the fair market value of your assets, or that you “owe” more than you “own.” To learn more, please consult the IRS or a tax professional directly. 

      Despite having similar names, debt relief and debt consolidation are not the same thing. Debt consolidation is the process wherein you pay off all your monthly debts with a single loan, resulting in just one monthly payment. Both debt consolidation and debt relief share the ultimate goal of getting you out of debt, but debt consolidation loan options will typically require you to have good credit to qualify or may have interest rates that are not much better than your current rates. They do make it easier to remember to pay one bill each month instead of juggling many pre-consolidation debts.

      Debt relief is often seen as a less drastic alternative to bankruptcy. While both bankruptcy and debt relief can get rid of your debt, they use very different methods to achieve that goal.

       

      For one, debt relief programs typically operate on a shorter timeline than bankruptcy would. Additionally, while both negatively impact your credit score, bankruptcy can stay on a credit report for up to 10 years, which is longer than for debt settlement.

       

      Like any solution to overwhelming debt, the debt relief process has its pros and cons—but you’re the only person who can decide if it’s worth it.

       

      Because debt relief is a major commitment, you’ll want to do some digging about what your financial goals are by asking yourself a few key questions.

       

      What am I using my credit for? Do my goals require me to have a decent credit score in the short term, or do I want to have an excellent score in the long term? Can I afford to make a monthly payment toward my debts?

       

      Again, you’re the one who knows your situation and your money goals best. You might conclude that debt resolution isn’t right for you—or you might realize that it’s the best thing to happen to your finances! If you’re unsure, our team of certified debt specialists is available to help you make an informed decision.

      In order to optimize the success of our Debt Resolution Program, we strongly recommend that all of your qualified debts be enrolled. Your debt consultant will explain the enrollment process and point out the potential pros and cons to excluding any qualified debts. 

      Yes, interest and late fees will typically continue to accumulate, however our experienced negotiating team will always attempt to settle your debt with your original balance in mind. 

      Again, you’re the one who knows your situation and your financial goals best. You might conclude that debt resolution isn’t right for you—or you might realize that it’s the best thing to happen to your finances! If you’re unsure, our team of certified debt specialists is available to help you make an informed decision.

       

      Man with backpack no longer worried about debt

      Does Your Debt Qualify?

      If you have unsecured debt totaling over $10,000, you may qualify for JG Wentworth’s Debt Resolution Program.

        Unsecured debt is debt that is not backed by collateral, meaning that your lender or other creditor cannot seize a physical asset to recoup their losses if you default on your payments. These types of debts tend to have higher interest rates and shorter repayment terms. Common types of unsecured debt that JG Wentworth can help settle include credit card debt, store card debt, and more.

        Secured debts, on the other hand, are not qualified for debt settlement with JG Wentworth. These are debts that are tied to physical assets. Interest rates on these types of debts tend to be lower, with longer repayment periods. Examples of secured debts include mortgages and car loans.

        This is not an exhaustive list of the types of secured and unsecured debt, nor is it a complete list of all the types of debt we can or can't settle.

        If you’re committed to starting fresh, we’re committed to helping you.

        Contact Us Today Contact Us Today

        Financial Education

        Does Debt Relief Hurt Your Credit Score?

        A Debt Relief program (like JG Wentworth’s) can be a fantastic way to jumpstart your financial future. By negotiating with your creditors, experienced Certified Debt Specialists can often settle your debts to significantly lower the amount you owe and create a manageable path to resolving your debt once and for all.*

        Learn More
        Man and woman looking at credit score report

        What Makes Debt Settlement Worth It?*

        Debt settlement is a big commitment toward pursuing a healthy financial future - so what are the results that make it worth the effort? We asked real JG Wentworth customers to share some of the major benefits of debt settlement.

        Read more
        What makes debt settlement worth it?

        Sources Cited

        1. Fernando, J. (2021, February 24). What does unsecured debt mean? Investopedia. 
        2. Chen, J. (2021, June 30). Secured debt. Investopedia. Retrieved from 
        3. What's the difference between debt consolidation and debt settlement? Investopedia. (2022, February 8).
        4. Brown, J. (2021, July 23). How Long Does A Bankruptcy Stay On Your Credit Report?.
        5. DeMatteo, M. (2023, November 14). Do You Owe Tax on A Forgiven Debt?

        1Monthly payment and total savings are dependent on many factors, including, but not limited to, program fee, enrolled debt amount, monthly program payment and willingness of creditors to negotiate. The JG Wentworth Debt Relief Program fee is a percentage of each enrolled debt amount and may vary by state or debt load. The debt savings goal does not take into account the 18-25% program fee. The average amount saved on the debt balance does not take into account the program fee. Any decision to cease making payments to your creditors is yours. JG Wentworth does not provide direction on this matter.

         

        *Disclaimer: The calculator on this web site is for estimation and educational purposes only. JG Wentworth makes no guarantees regarding its accuracy and specifically disclaims any and all liability arising from the use of this or any other calculator on this web site. Use at your own risk and verify all results with an appropriate financial professional before taking action. We are not registered investment advisers, attorneys, CPA’s or other financial service professionals and do not render legal, tax, accounting, investment advice or other professional services.

         

        **The results, based on the information provided by you, represent an estimate for each payoff option.

         

        Debt resolution program provided by JGW Debt Settlement, LLC (“JGW” of “Us”)). JGW offers this program in the following states: AL, AK, AZ, AR, CA, CO, FL, ID, IN, IA, KY, LA, MD, MA, MI, MS, MO, MT, NE, NM, NY, NC, OK, PA, SD, TN, TX, UT, VA, DC, and WI. If a consumer residing in CT, GA, HI, IL, KS, ME, NH, NJ, OH, RI, SC and VT contacts Us we may connect them with a law firm that provides debt resolution services in their state. JGW is licensed/registered to provide debt resolution services in states where licensing/registration is required.

         

        Debt resolution program results will vary by individual situation. As such, debt resolution services are not appropriate for everyone. Not all debts are eligible for enrollment. Not all individuals who enroll complete our program for various reasons, including their ability to save sufficient funds. Savings resulting from successful negotiations may result in tax consequences, please consult with a tax professional regarding these consequences. The use of the debt settlement services and the failure to make payments to creditors: (1) Will likely adversely affect your creditworthiness (credit rating/credit score) and make it harder to obtain credit; (2) May result in your being subject to collections or being sued by creditors or debt collectors; and (3) May increase the amount of money you owe due to the accrual of fees and interest by creditors or debt collectors. Failure to pay your monthly bills in a timely manner will result in increased balances and will harm your credit rating. Not all creditors will agree to reduce principal balance, and they may pursue collection, including lawsuits. JGW’s fees are calculated based on a percentage of the debt enrolled in the program. Read and understand the program agreement prior to enrollment.

         

        JG Wentworth does not pay or assume any debts or provide legal, financial, tax advice, or credit repair services. You should consult with independent professionals for such advice or services. Please consult with a bankruptcy attorney for information on bankruptcy.

         

        Client Grievance Procedure: If you are unable to resolve an issue with your Debt Specialist or Client Services Representative, please request to speak with a manager. If you cannot reach a resolution with a manager, please escalate communication via email at [email protected] or direct mail to the business address listed on our contact page.

         

        Affiliated Business Arrangement Disclosure

         

        JGW Lending, LLC (NMLS ID #2365173) is a wholly owned subsidiary of The J.G. Wentworth Company, LLC (“JGWC”). JGWC also owns 100% of JGW Debt Settlement, LLC. Because of this relationship, your referral to JGW Lending, LLC may provide JGWC with a financial or other benefit. JGW Debt Settlement, LLC may receive Debt Resolution Program fees, earned due to the settlement of your debts made with the proceeds of your loans from JGW Lending, LLC. Any program fees paid to JGW Debt Settlement, LLC will be made in compliance with the Telephone Consumer Protection Act 47 U.S.C. § 227 and applicable state laws. You are NOT required to use JGW Lending, LLC for a personal loan. Please click here for the full Affiliated Business Arrangement disclosure form.