Testimonial

Java Joe After Joe was injured in a car accident his structured settlement helped him get back on his feet. However, after working hard to gain his life back, Joe was presented with a business opportunity that required a lump sum. He called J.G. Wentworth to find out what his options were.
Read More

One Man's Hurricane Katrina After Hurricane Katrina, Calvin was trapped. He had been a successful real estate broker who owned three properties. Now he and his family were living in a shelter after being forced to evacuate the city because his properties were destroyed. He heard about J.G. Wentworth and wondered if they could help him access the structured settlement that he had from a previous accident. Read More

Get a Structured Settlement Payment Quote

First Name
Last Name
Phone Number	– –
Email Address

I understand J.G. Wentworth or an appropriate service provider may contact me by email or phone to determine the best possible products and services for my needs.

Settlement Loan: JG Wentworth provides structured settlement loans

There are several important distinctions between a loan and the way in which J.G. Wentworth helps people get cash for their structured settlement payments.

Loans can take several forms, however, typically, in a loan the borrower would receive an amount of cash which might be paid back with a certain number of the borrower’s structured settlement payments, and guaranteed by some of the borrower’s other assets. J.G. Wentworth does not make loans. Instead, J.G. Wentworth actually purchases future structured settlement payments from their owners in exchange for a lump sum of cash today.

There are several advantages to the outright sale of future structured settlement payments over loans. The first and perhaps largest advantage is that when structured settlement payments are sold, versus a loan, no debt is created by the seller of the payments.

In addition, when a customer sells structured settlement payments, there is a process that requires a court’s approval. While gaining the approval of a court to sell structured settlement payments can take a little bit of time, it helps ensure that the sale of the payments is in the best interest of the seller of the payments and his or her dependents.

Finally, the sale of structured settlement payments is superior to a loan because it cannot affect an individual’s credit rating. For instance, suppose an individual has a loan that is paid back with the cash they get from their regular structured settlement payments. If for some reason, their structured settlement payments are interrupted or delayed, the borrower may fall behind in their loan payments and as a result could default on their loan and impair their credit rating. This impairment of their credit rating could adversely affect their ability to get a loan in the future.

While in some instances a loan may be best, J.G. Wentworth believes that the outright sale of future payments offers individuals significant advantages to meeting the many financial challenges they may face.