J.G. Wentworth provides its customers with structured settlement funding.
This is a service for people to help them manage the payments they receive
from a structured settlement, which is a series of regular payments from an
insurance company as a result of a personal injury or wrongful death lawsuit.
People with structured settlements sometimes need settlement funding because
their immediate expenses exceed the amount of the regular payment they
receive from their structured settlement. For instance, medical bills,
unemployment, tuition payments or the need to buy a car to get to and from
work are all reasons why a customer might need a lump sum of cash right away.
In instances such as this, we purchase some of all of a customer’s structured
settlement payments for a lump sum of cash, to meet the financial challenges
they are facing.
Settlement funding can take many different forms depending on a customer’s
financial situation. For instance, we can offer a settlement funding option
where we buy just half or perhaps a quarter of a customer’s payments for a lump
sum of cash. With this settlement funding option, customers still receive some
of their regular payment, while at the same time getting a lump sum of cash.
Another settlement funding option would be for the customer to sell all of their
regular payment for a specified number of months or years. In this scenario, a
customer would get a lump sum of cash, but would forego receiving any of their
regular payment for a period of say three to five years. After that time, they
would resume receiving payments again.
In general, settlement funding provides customers a tool manage their structured
settlement payments in a way that suits their current circumstances, or to meet
expenses that their structured settlement did not anticipate.
J.G. Wentworth was a pioneer in the structured settlement funding industry. The
company began buying structured settlement payments in 1994, and since that time
has helped thousands of customers.