Well-Known Consumer Financial Brand Wants to Make it Easier for Americans to Get, Pay Back Loans
CHESTERBROOK, Pa., March 21, 2022
JG Wentworth, the industry leading consumer financial services company that helps consumers experiencing financial hardship or who need access to cash, announced today that fintech lending pioneer Joseph Toms will be joining its executive team as President and Chief Strategy Officer. In this role, Toms will lead strategy for the company's portfolio of product offerings. Toms will also lead the expansion of the company's brand, including 877-CASH-NOW, by designing and launching consumer lending products. In the next year, the company plans to introduce personal loans for consumers with less-than-perfect credit to complement its newly formed debt resolution operations. JG Wentworth is hiring hundreds of people across the country who want to join the team in its mission to help consumers in need. The company is also exploring strategic merger and acquisition opportunities to more quickly scale its consumer lending business.
JG Wentworth's decades of consumer finance experience, including many asset backed securitizations, makes it uniquely positioned to introduce consumer loan products that benefit borrowers with access to fairly priced credit and investors who desire strong fixed income returns. Beyond its broad and iconic consumer name recognition, JG Wentworth has over three decades of proprietary consumer financial insights that provide rich asymmetric data capabilities to calibrate consumer credit risk. It also has in place a large-scale customer service operation that will enable it to best service consumers as they search for the right products that fit their needs.
"All of my experience in fintech lending and asset management tells me that people borrow and invest in companies that they know and trust," said Joseph Toms, President and Chief Strategy Officer of JG Wentworth. "JG Wentworth has proven over decades that it has consumers' best interests at heart by providing them access to their money needed at important times in their lives. That, combined with its brand, proprietary data, and organizational excellence means we can deliver great products to consumers and investors at scale. I am excited to join the JG team to develop something truly special that redefines how personal lending is done."
About JG Wentworth
JG Wentworth is a consumer financial services company powered by more than 550 employees across the country who are committed to delivering personalized financial solutions that meet the needs of everyday Americans. Current product offerings include structured settlement payment purchasing, annuity payment purchasing, lottery and casino payment purchasing, and debt resolution services. In 2023, JG Wentworth will launch its lending business initially focusing on debt consolidation loans. JG Wentworth was founded in 1991 and has offices in Chesterbrook, Pennsylvania and in Silicon Valley.
About Stilt Inc.
Stilt was built to democratize access to transparent credit products for the millions who are currently shut out by the financial system, such as immigrants, international students, DACA and visa holders. Founded by immigrants on visas, Stilt has lent to people from more than 150 countries around the world.
Athyunnath Eleti, PR Manager