Debt Resolution

Debt Resolution

Young woman stressed by credit card debt sitting at table
Debt Resolution

Oct 1, 2024

6 min

How to Avoid Credit Card Debt

Credit cards have the power to help us thrive, and if used properly, they enable success. However, if mismanaged, credit cards can also be the financial ruin of anyone who falls behind with their payments....
Debt and equity balance concept. Figurine holding cubes.
Debt Resolution

Oct 1, 2024

6 min

What is Debt Margin? 

We’ve all heard the term “debt margin,” but what is it? And how is it relevant to average consumers?...
Zombie vs phantom debt. Piggy bank with question mark on paper above.
Debt Resolution

Sep 26, 2024

6 min

What’s the Difference Between Zombie Debt and Phantom Debt?

While phantom debt and zombie debt share some similarities and are both problematic for consumers, they are not the same thing. Here's a breakdown of their key differences:...
Debt Resolution, Financial Education

Sep 26, 2024

5 min

Does Net Worth Include Debt?

Get a clear explanation of net worth, how debt is included in its calculation, and why this matters for your overall financial health....
Man calculating bad debt expense at desk in suit
Debt Resolution

Sep 25, 2024

6 min

How to Calculate Bad Debt Expense

Bad debt expense is a critical accounting concept that applies mostly for businesses that extend credit to customers. However, consumers could also benefit from calculating this figure and being aware of its financial implications....
Piggy Bank and Wooden Blocks with Number 401k
Debt Resolution

Sep 25, 2024

6 min

Can You Use Your 401(k) to Pay Off Debt?

Let’s explore the possibilities, consequences, and alternatives to using your 401(k) to pay off debt....
Piggy bank in vault safe. Secured Debt Imagery.
Debt Resolution

Sep 25, 2024

5 min

What is Secured Debt?

Explore secured debt, its characteristics, advantages, disadvantages, and its impact on borrowers and lenders alike....
Man looking for student loan debt
Debt Resolution, Financial Education

Sep 25, 2024

7 min

How do I Find My Student Loan Debt?

Let’s take a look at how to find your student loan debt and effectively keep track of it over time....
Young woman with questioning face
Debt Resolution

Sep 25, 2024

5 min

Who Qualifies for Credit Card Debt Forgiveness? 

Let’s explore the key factors that determine who qualifies for credit card debt forgiveness....
Older couple meeting with financial advisor
Debt Resolution

Sep 20, 2024

6 min

Can a Financial Advisor Help with Debt?

Explore how financial advisors can assist with debt, the benefits they offer, and what to consider when choosing an advisor for debt-related issues....
Man confused reading about a discharge of debt
Debt Resolution

Sep 20, 2024

6 min

What Does it Mean to Discharge a Debt?

What exactly does it mean to discharge a debt, and what are the implications for both debtors and creditors? Let’s explore the concept of debt discharge....
Piggy bank in the snow background, frozen assets.
Debt Resolution

Sep 20, 2024

5 min

Can a Debt Collector Freeze Your Bank Account?

Can a debt collector freeze your bank account? Let's look at this question in-depth, here....

The numbers we provide here are estimates based on some assumptions:

On your own:

Based on industry averages, we estimate a monthly compounding interest rate of 22.99% and that you are making a minimum payment that is 2.5% of your total debt.

JGW:

The length of your program is determined by your debt amount. Programs are between 24 and 60 months in length and average program length is around 42 months.

Savings amount is an estimate base on average customer savings on their monthly payment. Real results will vary and some customers will save more, less or not at all.

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.

Your entered value is significantly different from our estimate. You can adjust it for accuracy, or continue as is.

FYI, this option
requires collateral

This could include items you own such as
Your vehicle
Housing fixtures
Using collateral can boost your approval chances and/or ability to secure a lower APR. Would you like to continue?