Debt Relief for Teachers
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Jeff saved 43% on his debt
$30,607
Total Debt
$365
Mo. Payment
Monthly Payment
48 months
Program Length
How much could you save? Not an actual customer. Example for illustrative purposes and does not take into account our program fee.
Debt relief for teachers
If you are a teacher struggling with credit cards, personal loans, or other unsecured balances, you are not alone. Many teachers face financial challenges due to modest salaries and out-of-pocket classroom expenses. JG Wentworth’s Debt Relief Program has helped thousands of customers settle more than $2 billion in debt and save up to 45% on their total amount owed (before program fees).
How to know if you are a good candidate?
If you’re a teacher matching these common issues, you may be a good candidate for debt relief with JG Wentworth!
- You have at least $10,000 in unsecured debt
- You are struggling to make payments
- You want to avoid bankruptcy
- You are committed to becoming debt-free
- You can afford a monthly program payment
What teachers gain from our Debt Relief Program
Get a dedicated team of debt specialists in your corner, so you don’t have to spend the time and energy dealing with collectors.
Streamline your debts into a single monthly payment, often at a reduced amount.
JG Wentworth clients save 45% on average on their total debt cost.
Complete your personal loan debt relief program in as little as 24-48 months versus years of continuing payments.
1
One monthly deposit:
You make a single program deposit each month into a dedicated account that you control.
2
Personalized strategy:
A specialist reviews your situation and builds a plan around your goals, budget, and timeline.
3
Negotiation support:
We work to reach settlements with your credit card companies for less than the enrolled balance.
4
Clear progress:
You review and approve each settlement. As creditors agree, enrolled balances go down.
How it Works
Our Debt Relief Program consolidates your multiple loan payments into one affordable monthly payment, then our dedicated negotiators work directly with your lenders to reduce what you owe.
Free debt evaluation
A certified specialist listens to your story and reviews your balances, income, and expenses.
Set your monthly payment
Pick a monthly deposit that works with your budget. This funds settlements over time.
Negotiations with lenders
We contact your lenders to reach lower payoffs. You stay informed and approve each settlement.
Complete the program
As settlements are accepted and paid, enrolled balances are resolved.
JGW in a nutshell. Just the facts.
30 Years
Of experience
375K+
JG Wentworth Customers
$2.2B
Debt Settled
Example Timeline
Our average clients graduate from their program in as little as 24-48 months. Here is a breakdown of what that can look like:
*Your timeline may be shorter or longer based on your deposit amount and creditor participation.
Month 1
Enrollment and account setup
Months 2-6:
Program deposits build your settlement fund
Months 6-18:
Negotiations and approved settlements begin
Months 18-48:
Additional settlements funded
Program Graduation
Remaining enrolled accounts resolved!
Types of debt we help teachers resolve
If you are not sure whether a debt qualifies, bring it to your evaluation for review.
Note: Secured debts (mortgages, auto loans, home equity loans) typically do not qualify for debt settlement because the lender can repossess the collateral. Federal student loans, taxes, child support, and court-ordered payments are also generally not eligible for debt settlement.
- Credit cards
- Personal loans
- Medical collections
- Store credit cards
- Charge cards
- Collections linked to unsecured accounts
Why our Debt Relief Program is great for teachers
- A financial solution built for educators: Unlike one-size-fits-all debt solutions, our personalized program recognizes that teachers have unique employment circumstances. We work with your teaching schedule, account for summer breaks and pay cycles, and create a manageable plan that fits your budget – not someone else’s idea of what you should be able to afford.
- Focus on your students, not your debt: Financial stress can follow you into the classroom, affecting your ability to be fully present for your students. Our program is designed to lift that burden by consolidating your unsecured debts into one manageable monthly payment, often at a reduced amount. This often means fewer creditor calls, less anxiety about bills, and more mental energy to dedicate to what you do best.
- Protect your financial future: Our debt relief program helps you break free from the cycle of minimum payments and accumulating interest, so you can start building wealth instead of just managing debt. You’ve earned the right to financial stability, and we’re committed to helping you achieve it while you continue doing the important work of shaping our future generations.
JG Wentworth’s Debt Relief Program compared to other options
Balance transfer card
- Potential for a low intro annual percentage rate for a set period
- Requires solid credit to qualify and avoid high balance transfer fees
- Risk of the rate jumping after the intro period if a balance remains
Debt consolidation loan
- Combines several balances into a single loan payment
- Works best if you secure a lower rate and avoid new card spending
- You must qualify based on credit, income, and debt to income ratio
Debt management plan through a nonprofit credit counselor
- May reduce interest rates and stop certain fees
- You still repay the full principal amount over time
- Monthly payments can be high depending on balances
DIY negotiation
- You contact each creditor on your own to request settlements
- Requires time, recordkeeping, and follow through
- Results vary widely based on creditor policies and timing
Bankruptcy
- Can provide legal relief from collections and judgments
- Serious impact on credit and future borrowing
- Requires a qualified attorney to evaluate your options
Not sure which is the best path forward? Start with a free evaluation and compare a few scenarios side-by-side with one of our certified specialists.
Start Your Free Debt Consultation
Partner with a company people trust
Because of our famous 877-CASH-NOW commercials, we’re one of the most well-known names in financial services. People trust us because they know us—and when you work with us, you’re also letting our five-star reputation work for you.
1
Monthly Payment
24-48
Month Program
6
Debts Settled on Average
43%
Average Savings
Debt Relief Calculator
See how long it could take to pay off your credit card debt.
Debt Amount
$
A value between $7,500 and $250,000
Average Interest Rate
%
A value between 15.00% and 36.00%
Estimated current monthly payment
$
A value between $15 and your debt amount
Your Results
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*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.
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Your Results
Please check your numbers. At your current interest rate you will not be able to pay off the debt with that monthly payment amount. Please review your numbers and try again.
View Disclosure
*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.
Pay less overall
On average, JGW customers with similar debt amounts to you save 43% on the total cost of their debt!
Total Cost
$14,000
Current Payoff
$12,000
JGW Debt Relief
Time to Payoff
60 months
Current Payoff
50 months
JGW Debt Relief
Get out of debt faster
Our program runs between 32 and 60 months and is determined by your debt amount. Talk to on of our debt specialists about custom options.
Pay less per month
Compared to paying off your debt alone, debt relief can be a quicker, cheaper, and easier way to reach your goal of becoming debt-free.
Monthly Payment
$14,000
Current Payoff
$12,000
JGW Debt Relief
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Credit Card Debt Relief FAQs
Our program accounts for your teaching schedule and income patterns. Whether you work on a 9-month or 12-month pay schedule, we’ll create a payment plan that aligns with your actual cash flow throughout the year.
No. Debt relief programs do not impact your teaching credentials, certifications, or required background checks. Your ability to work in education remains unaffected.
If you used credit cards or personal loans to buy classroom supplies, those balances can be included in the program. We understand teachers often pay out-of-pocket for student needs.
Our program focuses on unsecured debts like credit cards and personal loans. Federal student loans have separate relief options, but we can help you understand all your options and prioritize which debts to address first.
Most teachers complete the program in as little as 24-48 months, depending on the total debt amount and monthly payment capacity. We work around your school year schedule.
Debt relief may temporarily impact your credit score, but many teachers find that eliminating overwhelming debt and avoiding bankruptcy leads to better long-term financial health and credit recovery.
Yes. We design payment schedules that account for summer months and reduced income periods, ensuring the plan remains manageable year-round.
Monthly payment and total savings are dependent on many factors, including, but not limited to, program fee, enrolled debt amount, monthly program payment and willingness of creditors to negotiate. The JG Wentworth Debt Relief Program fee is a percentage of each enrolled debt amount and may vary by state or debt load. The debt savings goal does not take into account the 18-25% program fee. The average amount saved on the debt balance does not take into account the program fee. Any decision to cease making payments to your creditors is yours. JG Wentworth does not provide direction on this matter.
Debt resolution program provided by JGW Debt Settlement, LLC (“JGW” of “Us”)). JGW offers this program in the following states: AL, AK, AZ, AR, CA, CO, FL, ID, IN, IA, KY, LA, MD, MA, MI, MS, MO, MT, NE, NM, NY, NC, OK, PA, SD, TN, TX, UT, VA, DC, and WI. If a consumer residing in any other state contacts Us we may connect them with a law firm that provides debt resolution services in their state. JGW is licensed/registered to provide debt resolution services in states where licensing/registration is required.
Debt resolution program results will vary by individual situation. As such, debt resolution services are not appropriate for everyone. 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 the debt settlement services and the failure to make payments to creditors: (1) Will likely adversely affect your creditworthiness (credit rating/credit score) and make it harder to obtain credit; (2) May result in your being subject to collections or being sued by creditors or debt collectors; and (3) May increase the amount of money you owe due to the accrual of fees and interest by creditors or debt collectors. Failure to pay your monthly bills in a timely manner will result in increased balances and will harm your credit rating. Not all creditors will agree to reduce principal balance, and they may pursue collection, including lawsuits. JGW’s fees are calculated based on a percentage of the debt enrolled in the program. Read and understand the program agreement prior to enrollment.
JG Wentworth does not pay or assume any debts or provide legal, financial, tax advice, or credit repair services. You should consult with independent professionals for such advice or services. Please consult with a bankruptcy attorney for information on bankruptcy.
Client Grievance Procedure: If you are unable to resolve an issue with your Debt Specialist or Client Services Representative, please request to speak with a manager. If you cannot reach a resolution with a manager, please escalate communication via email at [email protected] or direct mail to the business address listed on our contact page.
Notice to Vermont Customers: JGW Lending, LLC is licensed in Vermont with a Loan Solicitation License, License No. LSO-2365173. NMLS ID (2365173) THIS IS A LOAN SOLICITATION ONLY. JGW LENDING, LLC IS NOT THE LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS. (Added 2017, No. 22, § 25.)
