It’s my money and I want it now. Cash now for your annuity is what our clients are clamoring. We have heard it over and over again. There are only a few options in the direct lending category that can help you out when you are in a financial pinch.
If you do not have an annuity or a structured settlement, you may know J.G. Wentworth as the company with the singing Vikings. If you do, however, you may have paid closer attention to the lyrics that they belt out. And if you find yourself in some sort of financial bind where you need cash sooner than later, you may even be considering doing some investigation to see how their services work.
Yet even before you get to this step, you may have some concerns about its claims of getting you the cash you need from your annuity or structured settlement. Some of these questions may involve determining whether or not the service like the one J.G. Wentworth offers is a scam, while other inquiries may revolve around the cost of the service if it is legitimate.
A Strong, Reputable Company
As far as J.G. Wentworth is concerned, the practice of selling your annuity or structured settlement in exchange for an immediate lump sum of cash is completely on the up and up. The company has been in the business of purchasing annuities since 1991, and is accredited with the Better Business Bureau (BBB), so you don’t have to worry about being taken to the proverbial cleaners.
In fact, they do a stellar job of keeping you informed about the entire annuity purchase process. Their website is loaded with information designed to give you a firm grasp on the terminology associated with the annuity business, and the questions that may rise up from such verbiage. What’s more, the site also contains a good amount of info aimed to help you get familiar with the various hurdles you may have to clear throughout the process, depending on what state you reside in and the type of annuity you are seeking to sell. When you add in the fact that several review sites give the company’s service team excellent marks for their knowledge and their disposition, you have a company that you can feel safe in trusting – a big plus if you read some of the horror stories that are associated with this industry.
How Much does it Cost?
In order to get comfortable with J.G. Wentworth’s fees for their services, you must first get familiar with how annuity purchase services work. In essence, if you receive a lump sum in exchange for your annuity or structured settlement, you should know that you will be receiving less money than you otherwise would in the long run. In exchange for their services, they will take a portion of your total annuity or your structured settlement before sending you your lump sum. Typically, this fee translates to around 9 to 15 percent of your total annuity or structured settlement; a fee range that is competitive with some of the other top names in the industry. This may seem like a healthy chunk, but it may be small potatoes if you need money to pay off something that is a big financial burden, such as:
- Unpaid medical bills
- Student loan debt
- Credit card debt
The good news here is that J.G. Wentworth does a solid job of keeping you informed about what that fee may be. Their quote request function on their website will allow you to get a rough estimate as to what you can expect your lump sum will be once everything is said and done.
If you would like more information on what J.G. Wentworth has to offer, you can give them a call at 800-741-9545. Their corporate offices can be found at 201 King of Prussia Road, Radnor, PA 19087.Call Us Today
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