Debt Relief for Veterans
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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 Veterans
As a veteran, you’ve served your country with honor. Now let JG Wentworth serve you. Our Debt Relief Program has helped thousands of customers settle more than $2 billion in debt. We understand the unique financial challenges veterans face and offer specialized debt relief solutions to help you become debt-free in as little as 24-48 months—and save up to 45% on your total amount owed (before program fees).*
How to know if you are a good candidate?
If you struggle with these common issues, you may be a good candidate for debt settlement with JG Wentworth!
- You have at least $10,000 in unsecured debt
- You are struggling to make payments
- You want an alternative to bankruptcy
- You are committed to becoming debt-free
- You can afford a monthly program payment
What you could 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. Note: missed payments can affect your credit score. Debt relief is not a loan. Your results will depend on your situation and the cooperation of your creditors.
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 veterans resolve:
Our Debt Relief Program can help military veterans and their families with various types of unsecured debts, including:
Note: VA loans, federal student loans, taxes, child support, and court-ordered payments are generally not eligible for debt relief settlement programs.
- Credit card debt: High-interest credit cards accumulated during or after military service
- Personal loans: Unsecured personal loans from banks, credit unions, and online lenders
- Medical bills: Healthcare expenses not covered by VA benefits or TRICARE
- Payday loans: High-interest short-term loans that target military communities
- Auto deficiency balances: Remaining balance after vehicle repossession
- Collection accounts: Debts sent to collections while deployed or during financial hardship
- Store credit cards: Retail credit cards and store financing
- Private Student Loans: Non-federal student loan debt (federal student loans typically don’t qualify)
- Deployment-related debt: Debts accumulated during deployment or military service
- Post-service debt: Financial obligations incurred during transition to civilian life
Start Your Free Debt Consultation
How JG Wentworth compliments VA debt relief services
It’s important to understand the difference between JG Wentworth’s Debt Relief Program and VA debt relief services:
VA debt relief programs:
- Specifically for debts owed to the Department of Veterans Affairs
- Include VA benefit overpayments, education debt, and VA healthcare co-pays
- Administered directly by the VA through their Debt Management Center
- May offer waivers, payment plans, or compromises for VA-specific debts
JG Wentworth Debt Relief:
- For debts owed to private creditors (credit cards, personal loans, medical bills, etc.)
- We negotiate with your collectors to reduce balances owed
- Available to veterans, active-duty service members, and military families
- Complements VA programs by addressing non-VA debts
Many veterans benefit from both VA debt relief services for their VA-related debts AND JG Wentworth’s Debt Relief Program for their consumer debts. JG Wentworth’s Debt Relief Program is not a government program.
JG Wentworth’s Debt Relief Program compared to other options
Debt consolidation
Debt consolidation combines your debts into one loan with a single monthly payment, but you still owe the full amount plus interest. Our D
Bankruptcy
Many veterans consider debt relief as an alternative to bankruptcy. While both can eliminate debt, a debt relief program:
- Typically takes 24-48 months versus bankruptcy’s longer timeline
- Avoids the public record and legal process of bankruptcy
- May have a shorter credit report impact than bankruptcy (which can remain for up to 10 years)
- Resolve debts through negotiated settlements rather than complete discharge
VA financial counseling
VA financial counseling provides budgeting advice and financial education but doesn’t negotiate with creditors to reduce debt balances. Debt relief actively negotiates settlements that reduce what you owe. Many veterans benefit from both VA counseling for financial planning AND debt relief services for actual debt reduction.
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
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A value between $7,500 and $250,000
Average Interest Rate
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A value between 15.00% and 36.00%
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A value between $15 and your debt amount
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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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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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Veterans Debt Relief FAQs
Many veterans complete our debt relief program in 24-48 months. The exact timeline depends on your total debt amount and monthly payment capacity. Compared to spending years making minimum payments, debt relief is a much faster path to financial freedom.
Our debt relief fee is calculated as a percentage of each enrolled debt and varies based on your individual situation and state. This fee is built into your monthly payment from the start—there are no hidden fees. If we can’t successfully settle a specific account, we won’t charge a fee on that debt.
While our fee structure is standardized to ensure fairness, we encourage all veterans to speak with our debt specialists about your unique situation. We’re committed to helping those who served our country achieve financial freedom.
Debt relief will initially have a negative impact on your credit score, as accounts become delinquent during the negotiation process. However, many veterans find their credit scores improve after completing the program and reestablishing positive financial habits.
Yes! Veterans receiving VA disability benefits can absolutely enroll in our debt relief program. Our program can help you manage and reduce debts unrelated to your VA benefits.
No. Enrolling in debt relief does not affect your VA disability benefits, VA healthcare, GI Bill benefits, or any other Department of Veterans Affairs benefits. Our program addresses debts owed to private creditors, not the VA.
Yes! Active duty service members can enroll in debt relief programs. In fact, active duty status may provide additional legal protections (SCRA and MLA) that strengthen negotiation leverage. Our debt relief specialists understand these military-specific protections.
If you’re deployed during your debt relief program, communicate this to your debt specialist. We can work with you to adjust payment schedules if needed, and your active duty status provides legal protections that may benefit negotiations.
If you have debts owed to the VA (benefit overpayments, education debts, VA healthcare co-pays), explore VA debt relief programs first through the VA Debt Management Center. For debts owed to private creditors (credit cards, personal loans, medical bills), debt relief is the appropriate solution. Many veterans use both. You should consult with independent advisors to determine the right path for you.
Absolutely! Debt relief services are available to:
• Active duty military (all branches)
• Veterans (all eras and discharge types)
• National Guard members
• Reserve members
• Military retirees
• Military spouses and family members
If debt is settled for less than the full amount owed and the forgiven amount exceeds $600, it may be considered taxable income. However, many veterans can exclude settled debt through the IRS “insolvency exclusion” if liabilities exceed assets. Consult with a tax professional about your specific debt relief situation.
While we work to negotiate settlements before lawsuits occur, creditors maintain the right to sue. However, active duty service members have additional protections under SCRA, including protection from default judgments. We offer access to an optional legal plan through an outside law firm for representation if creditors take legal action.
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.)
