How Does Debt Relief 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.

1 Debt Amount
2 State
3 Personal Info
  • Select your total amount of debt

At J.G. Wentworth, we have always worked to help people to accomplish their financial goals. We also 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.

Still have questions about how the debt relief process works? Here, we review some of the details and answer questions you may have.

Overview of How Debt Relief Works

We identify all of your eligible debts.

One of our representatives will work with you to determine which debts are eligible for our program.

We work with your creditors.

We will negotiate with each of your creditors individually to try and reduce the total amount that you owe.

You pay into a dedicated program savings account each month.

While we are negotiating, you will be paying into a savings account. This account is in your name, and you are the one ultimately in control of the money there.

You pay off your debts one by one.

As the money accumulates in your account and we are able to negotiate, you can start paying off each debt. By staying with the program for 24-48 months, many customers are able to pay off all of their eligible unsecured debts.

Is there a fee for working with J.G. Wentworth?

We charge a reasonable fee and we never collect a fee until we are able to resolve a debt on your behalf.

Can I erase all of my debt?

Keep in mind that we can only negotiate unsecured debts, such as those from credit cards and medical bills and certain student loans. We are unable to negotiate for things like mortgages and home loans.

Still have questions? Don’t hesitate to reach out.

One of our representatives will be happy to answer any questions you have about how debt relief works so that you can determine whether or not it’s the right choice for you. Contact us today to learn more.

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Debt relief program results will vary by individual situation. As such, it may not be suitable for all persons. J.G. Wentworth does not offer debt relief services in all states and fees may vary from state to state. 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 debt relief services can potentially have an adverse impact on your credit rating, may result in you being subject to collections, and may result in other adverse action by creditors or collection agencies. Read and understand the program contract prior to enrollment.

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

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J.G. Wentworth
201 King of Prussia Rd.
Radnor, PA 19087

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