JG Wentworth Reviews - What Is It?
WARNING: DO NOT USE JG Wentworth Until You Read This Review!
Is it a Scam? Does It Really Work?
JG Wentworth is a company that specializes in buying future payment streams related to annuities, structured settlements, lottery winnings, etc. It has been in business for more than 20 years and is considered to be the largest settlement and annuity payment buyer in the country. The whole process works in four basic steps. First, a company representative studies your current payment stream and discusses your situation with you. Second, they offer several different options for you to sell your future payments. Third, you have to choose the most suitable option and sign some paperwork. Don't forget to send it back to the company. Fourth, your case will be reviewed by a judge who will approve it through a court order. You will get your money immediately.
In addition to annuities and structured settlements, JG Wentworth also offers prepaid cards, unsecured personal and small business loans, home-refinancing options and mortgage loans. The company has its own official website, on which almost every page is filled with smiling faces, nice scenery, and people throwing their arms up in joy. But can this company really help you in difficult situations? Will your dream of financial freedom come true or become a real nightmare? Let's try to answer these questions by exploring some of the most important facts about the company further. We are also going to take a look at the real clients' reviews about JG Wentworth.
Customer Reviews - Does JG Wentworth Really Work?
The company offers a great variety of mortgage products including conventional purchase loans, government-insured loans from the U.S. Department of Veterans Affairs, Federal Housing Administration, and the U.S. Department of Agriculture. JG Wentworth also provides refinancing, both cash-out and traditional options. However, the company doesn't offer lines of credit or home equity loans. For fixed-rate loans, people can get a mortgage with terms of 10, 15, 20 and 30 years. Adjustable-rate mortgages come in 5/1, 7/1 and 10/1 terms. Those loans can be received by low- to moderate-income earners qualifying for Fannie Mae and Freddie Mac home buyer programs. The company also offers the FHA's 203(k) home renovation loan and new-construction loans. The first one allows home purchasers to combine the approved home upgrades and the cost of their mortgage into one loan if it is important to do some improvements in the house, according to the FHA. It is necessary to mention that VA loans comprise one-third of the company's business. A number of employees are former military.
The company can connect you with three different lenders (Avant, LendUp, and LendingClub) who offer unsecured personal loans up to $35K. JG from $5K to $250K, which could come with fixed daily payments and fixed rates. You could get your funds in just one business day after approval that usually takes a few minutes. Another benefit offered by the company is the HG Wentworth's Prepaid Visa Card that can be loaded by bank transfer, direct deposit, or by visiting a "load location" (MoneyGram store or Western Union). This card can be used anywhere as it is accepted in many countries of the world. JG Wentworth's MoneyPass feature will help you to manage your account from your computer or mobile phone and to avoid ATM fees. If you want to buy a vacation home, new home, or rental property, you can benefit from JG Wentworth's refinancing options, along with their HARP, FHA, traditional, VA, and USDA mortgage options.
There is a number of consumer reports about JG Wentworth online. It is claimed that the company might be a good option based on your individual circumstances. It is recommended to talk to a professional financial advisor and study all possible options before applying for help from this company. ComplaintsBoard.com contains dozens of customers' reviews about JG Wentworth. Overall, most people are pleased with the company's sales tactics, fast work and customer service. The company held an A+ Better Business Bureau rating. It is a wise idea to take a look at the testimonials left by real users of the company online. Here are some of them. I hope, they will be helpful in your decision.
"I have been doing my business with J G Wentworth since 2007 and I continue to do so. The team has always taken care of my transactions immediately, so I did not have to lose my precious time. I really enjoyed working with the company's representative named Shawn. He has been so kind and attentive when work with me. I would recommend this specialist to anyone who needs a transaction. Thank you for everything, especially for making this a comfortable and smooth transaction. I have been very pleased with the company and I will continue to do business with them. I recommend them to all of my friends who are interested in a transaction."
"JG. Wentworth is the only company that really takes proper care of each customer. I am so happy that I chose to work with this company. They made my experience extremely easy! I felt their care from the first moments of cooperation. The company's personnel has great attitude to each client. They made the whole process quickly. I successfully sold my structured settlement. Thanks for help."
"I had excellent experience with J G wentworth. This company was definitely worth my withdrawing money that I wasn't able to get out on my own. Their representative, Shawn, was very thorough and helpful when explaining me the options and all the details. I did not feel any pressure when making decisions. The specialist informed me regularly regarding my situation. The whole team went straight to work, and I got my money even faster than I had imagined. These people are real professionals!"
My Final Summary
JG Wentworth Home Lending Company is worth your attention due to the positive features it offers. It provides a wide variety of loan options for its clients and comes with low origination fees ($795) for most loan types. The company builds out its technical offerings to make the lending process more automated and easier, as well as applies alternative credit scoring for government-insured loans. JG Wentworth will be of great help whether you want to sell an annuity or a structured settlement. This company is the best place to go. However, it is recommended to consult a professional financial planner or an attorney before making any serious decisions.
The services of JG Wentworth are not expensive and you won't need to pay a lot of money upfront. They will protect your interests in a professional way and provide you with a specialist who will accompany you through the whole process. There are many people's testimonials online that report high satisfaction levels. If you go to this company, you won't regret. Taking into account all pros and cons of J G Wentworth, I can certainly recommend this company.
JG Wentworth Pricing and Rates
According to their official website, the company doesn't charge any upfront costs to buy future payments from your annuity or structured settlement. You can expect that their cut can be about 8%-22%. For more information, browse through their website where you will find a free calculator that will help you to estimate your mortgage costs. If you need to talk to the company's representative, you can reach their customer service by calling at (855) 690-8769.