Recent research by Northwestern Mutual found that 58% of Americans living with debt say debt is impacting their “ability to achieve long term financial security” and “reach major financial milestones” such as owning a home, having kids, or retiring.
The good news is that you don’t have to settle for making minimum payments. JG Wentworth can help. Debt settlement is one of the best debt relief options and may be a viable route for you if you are looking to pay off or reduce your unsecured debt.
JG Wentworth has 30 years of experience helping individuals solve financial problems and can help you get on the path towards financial wellness too.
What Is Debt Relief and How Does It Work?
Debt relief is when you or someone acting on your behalf negotiates with your creditors to try and reduce the total amount that you owe on unsecured debts. When you work with a company to do this, you will pay into a dedicated program savings account each month. As you grow your account, you will use that to pay off your debts.
There is no law stating that creditors need to work with you to resolve your debt. However, some will agree to negotiate knowing that if you declare bankruptcy instead, they may not get anything at all. Debt relief may be a viable alternative to bankruptcy.*
At JG Wentworth, we aim to be as transparent as possible with our processes so that you have a complete understanding and can feel confident in your decision about whether to work with us. We’ll provide a customized solution for your unique financial situation and walk you through each step of the debt relief journey.