JG Wentworth Debt Relief

JG Wentworth Debt Relief Reviews

JG Wentworth Debt Relief Reviews
3.9(993)

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Overall Rating3.9 out of 5
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About JG Wentworth Debt Relief

JG Wentworth has been helping individuals overcome financial hardships for more than 30 years with a variety of financial solutions. JG Wentworth Debt Relief’s services can help reduce or eliminate your unsecured debt in as little as 24 to 48 months. The company negotiates with creditors on your behalf and may be able to settle your debt for significantly less than what you owe.

Pros & Cons

Pros

  • One monthly payment
  • Good credit not required
  • No upfront fees

Cons

  • Not available in all states

Bottom Line

JG Wentworth Debt Relief can be helpful to those with $10,000 or more in debt. Although there are fees associated with their services, these fees are only charged as your debt is settled.

Featured Reviews

Verified
Malden, MA

Customer service was very prompt. Within a couple of months, I saw my debts getting settled. I get a text and I can accept the offer right there so it makes the process easier. .....

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Verified
Fayetteville, NC

It was a great opportunity for JG to handle my situation. They kept me informed of all business. And was concerned about my well being. They kept me financially stable being to ca...

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What does JG Wentworth Debt Relief do?

The JG Wentworth Debt Relief's program assists individuals with unsecured debts, primarily credit card debt, medical debt, personal loan debt and private student loan debt. To qualify for the company's program, you must:

  • Reside in a eligible state
  • Have more than $10,000 in unsecured debt
  • Be able to afford the monthly program payment

A certified debt specialist will review your debt to determine if you qualify for the JG Wentworth debt relief program. If you choose to enroll in the program, JG Wentworth Debt Relief will begin working with creditors on your behalf to lower your debt.

How much does JG Wentworth Debt Relief cost?

JG Wentworth Debt Relief does not have any upfront fees. Fee percentages, typically between 18% to 25% of your enrolled debt amount, are only paid once the company settles each debt. The actual percentage depends on your specific situation and state regulations.

Fees are calculated into your monthly program payment and will never increase. You are free to cancel the program with no penalty at any time during the debt settlement process.

How long does JG Wentworth Debt Relief's program take?

Although the program length varies, JG Wentworth Debt Relief states that the average individual can pay off their debt within 24 to 48 months of starting the debt relief program.

We recommend asking a certified debt specialist how long the program took for people in similar situations to yours.

JG Wentworth Debt Relief FAQ

Where is JG Wentworth Debt Relief available?
JG Wentworth Debt Relief services are currently available in 30 states and Washington, D.C. The company operates in:
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Florida
  • Idaho
  • Indiana
  • Iowa
  • Kentucky
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Mexico
  • New York
  • North Carolina
  • Oklahoma
  • Pennsylvania
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington, D.C.
  • Wisconsin
Will JG Wentworth Debt Relief affect my credit rating?
Enrolling in any debt settlement program will likely have a negative impact on your credit rating because you choose to stop paying your creditors. As your debts start to settle and you maintain good credit behavior, your credit rating will likely begin to improve.
What types of debt are eligible for JG Wentworth Debt Relief’s program?
JG Wentworth helps individuals with more than $10,000 in unsecured debt, which includes credit card debt, medical debt, personal loan debt and private student loan debt.

Is JG Wentworth Debt Relief really worth it?

JG Wentworth Debt Relief’s program is completely online, so the service might be ideal if you have at least $10,000 in high interest unsecured debt, are unable to get approved for a debt consolidation loan or are looking for an alternative to bankruptcy.

JG Wentworth is a member of the American Fair Credit Council and has been helping individuals overcome financial hardships for more than 30 years. The company provides a free savings estimate that can help you decide if its program is a good fit for you.

JG Wentworth Debt Relief Reviews

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Page 1 Reviews 0 - 5
Verified purchase
StaffProcessTransparency

Reviewed Aug. 22, 2023

The guy who was helping me initially was really receptive and he really had to take his time and explained everything to me. He broke it down to the simplest way I can understand. The program is working. But there is still one of the loans on my credit report saying delinquent, which I was really expecting to have been paid off and taken care of. Also, they transferred me to another credit organization and I am paying off my loans. At some point, I was a little jittery because I wasn't getting enough information as to how the loan strategy was gonna work out.

My initial understanding was that JG Wentworth was gonna pay my loan off and then I pay JG Wentworth. But the strategy was you pay into their account they are creating for you and on the backend, when the loan goes into delinquent, then they would negotiate with the creditors. What was happening on the backend? You are doing this with the strategy of reducing your debt. But then when your debt goes into delinquent, that also decreases your credit score and it doesn't just decrease your credit score, it stays on your credit record for a very long time. Even if you pay off that loan, the delinquency is still gonna weigh on your credit score. If JG Wentworth is interested in knowing how they can improve on whatever they do, that is a key thing. But I'm paying the same amount of money just at a minimum rate per month. I can recommend JG Wentworth to other people.

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Response from JG Wentworth Debt Relief

Hi Mahmood! We are delighted to be on this journey with you. Your improved credit score is fantastic news – thanks for sharing!

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    Verified purchase
    Customer ServiceOnline & AppProcess

    Reviewed Aug. 22, 2023

    I really like the program I signed up for at JG Wentworth. They reach out on your behalf to the companies and negotiate the payments. Sometimes you have to be on the phone, but not usually, and it's a fairly easy process. There is a lot of paperwork that comes with it, digitally, and you don't have to go anywhere as far as going to a brick and mortar location. It really fit my situation. You just apply online, then they get in touch with you, and I didn't need anything difficult or anything that I didn't already have access to as far as my account information. Their website is also easy to use and they tell you where you can log in at. And if you have any questions, they tell you to call the 1800 number, which has always been very helpful. And if you can't get anybody, then they'll call you back or send you an email asking when they can get in touch with you so you don't have to constantly play phone tag.

    The person that I had answered any questions I had, which usually I don't have questions until after. It's going to be a couple of years before it all pays down, but it's so much easier than trying to stress over making various monthly payments. Hopefully, I won't get myself again in the situation for which I needed them, but if I did, I would work with them again or recommend other people to go through them.

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    Response from JG Wentworth Debt Relief

    Hi Danielle! Congratulations on your progress! Reach out to us to discuss your concerns – we're here to help – thanks for sharing!

    Verified purchase
    Customer ServiceStaffProcess

    Reviewed June 2, 2023

    I was scared to take the program at first. When I first talked to the agent, I wasn't behind on any bills but I was only making minimum payments. Other things happened during that time period where I knew I wasn't going to be able to keep up with the payments alone. I was no longer working and having the income that I previously had. That was gonna make me fall behind so I went ahead and tried JG Wentworth. It worked out for my benefit once I saw what the agent was saying initially.

    I had to send in all the statements that I had from all the previous charge cards accounts. JG Wentworth has your income and what your monthly income would be. From there, they work with you to say, "This will be the amount that we calculate," as well as how you can pay them off. They said it was a set amount and they asked if I was comfortable with paying that amount. They try to work with you and they send a statement out saying each month, if somethings comes up and if you can't make that payment in time, you should let them know. But you have to do it in a timely manner so they may have to set the payment back.

    Customer support was pretty good. I mainly dealt with them a lot by the email. I wasn't that tech-savvy but I was able to take pictures of some of the statements and send them in that way. The agent will call you back, if need be. They were friendly staff and they ask you if you had any questions and try to assist you. JG Wentworth has been really good to me. My program is not complete yet but it's been working and it's really helping me. They encourage you to put more money in. I've only done it once or twice.

    Another company reached out to me about getting a loan. But I was scared to take that. I've gotten used to doing this program. I don't want it to come back to haunt me. They may come up and say that I have to pay more than what I am normally paying for the program. I have been doing well so far with the program. I would definitely suggest to friends to give JG Wentworth a call to see if they could help them in their situation.

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    Response from JG Wentworth Debt Relief

    Hi Allison! We're glad the agent explained everything and worked with you on your payments. Thanks for your support!

    Verified purchase
    Customer ServicePriceStaffProcessTransparency

    Reviewed Feb. 23, 2023

    JG Wentworth laid everything out - how they were gonna do stuff. Every time they would contact one of the debtors that I had, they always kept me informed, which was the biggest thing. Whether it was through email or text, I always knew the whole process. Also, if I had any questions, they were always there to answer me.

    They explained to me, in some instances, that the process could take a little bit longer than others because they have to wait for the creditor to consider the account delinquent. Some creditors were easier to deal with as far as wanting to settle the account and others were a little bit harder. Every once in a while, they would have to reach out to me and get both of us on the phone at the same time to give them permission to access the account or settle the account. But they were always there.

    Most of the time, the person that was handling my account was always available. If not, he called me back as soon as he got off the next line. The way the program worked was I could continue to make the monthly payments that I was making and it would go to the creditors from that point. But they had a program where they had another company that worked with them that offered me a loan. It was a higher interest rate loan than you would normally get but considering my credit status, it gave me an opportunity to pay everything off.

    I was approved for the loan which was right about the same amount as the monthly payments that I was paying before. But it takes 40% if you add everything up completely. I accepted the loan terms and that money was sent to JG Wentworth who pay the creditors. Instead of it being strung out for three years and always showing delinquent, it's gonna show as being paid. It'll still show as delinquent but paid and it's gonna have a better status. Once all these accounts are paid, my credit score should go back up.

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    Response from JG Wentworth Debt Relief

    Hi Ronald! We are pleased your program has been such a positive experience - we are excited to be on this journey toward the financial future you deserve!

    Verified purchase
    StaffProcess

    Reviewed Nov. 20, 2022

    Coming from step one, when I put the application process in, JG Wentworth contacted me. They helped me through step-by-step to where I needed to get stuff going and what I needed to get done as far as paperwork and contacting the other creditors. Once I got the paperwork in, they handled it. The program was able to get me on a schedule and to help me talk to the creditors that I had. Setting up a budget for me has taken a lot of stress off. "Okay, this is how much you can do, or this is what you kind of need to do. If you can make it happen, great." The program got me hooked online to get my debts taken care of.

    JG Wentworth made it very easy for me to go through the program and to continue on with my life. I've gotten online about once a month to check on the program, as well as been informed by JG Wentworth of where things stood. Two of the creditors have been taken care of, and we're still working with one of them right now. We're almost a year and a half in to the program, and we're about halfway through. So far, it's been really good. Working with JG Wentworth has helped me out a lot, and I'm very fortunate that this came along at the time that it did. I would highly recommend it if someone was in a tight pinch or needed some financial assistance.

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    Response from JG Wentworth Debt Relief

    Hi Brian! It is so nice to hear you are having such a positive experience with our team - thanks for sharing!

    Verified purchase
    Customer ServiceStaffProcessTransparency

    Reviewed Nov. 4, 2023

    When I talked to JG Wentworth, I was satisfied. The process went nicely and smoothly. The people were very nice and they explained everything. They were easy to talk to. They seemed genuine. I got quick service. Every now and then, I call up to see how everything is going. They take the time to explain it. I also don't have to wait. Like when you go and call up places and you have to wait 15 minutes to talk to somebody or get through AI, the computer says, "You're the 15th customer." I don't have to do any of that. I get through them and talk to them within a minute. I'm in a debt consolidation part. They're paying off all my debts and then I pay them. There are no hassles.

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    Response from JG Wentworth Debt Relief

    Hi Richard! It is so nice that your program has been going well so far - thanks for sharing!

    Verified purchase
    Customer Service

    Reviewed Nov. 2, 2023

    When I first called JG Wentworth, I was at my wits end, my husband was diagnosed with Alzheimer's after I discovered that he had run up our bills to the limit. I was trying on my own to straighten out and deal with him. A friend told me about your company, and I caught an ad on my phone. I decided to call and so happy they have been a God sent for me.

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    Response from JG Wentworth Debt Relief

    Hi Shirley! We are so happy to hear how much of a positive experience you are having with our team to find the best financial path for you - thanks for sharing!

    Verified purchase
    Customer ServiceTransparency

    Reviewed Oct. 30, 2023

    Terrible experience, no communication, they really don’t explain things well and it takes them forever to do anything. I would recommend you use any company but this one! When you call you don’t get the same answer. They say they will get back with you and they don’t. Just a very unpleasant experience all around, not what I expected and not the results I was hoping for that’s for sure!

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    Response from JG Wentworth Debt Relief

    Thank you for your feedback - we asked a representative to reach out and discuss your concerns.

    Verified purchase
    StaffProcess

    Reviewed Oct. 27, 2023

    I have been very pleased as terms have been reached with 5 out of 6 creditors at this point and the last one is in negotiations. JGW has stood by me and I felt confident at the very beginning in the program. My credit score fell at first but it has made a positive upturn, which is nice. I would not change anything. Thank you so much for your professionalism in handling my account.

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    Response from JG Wentworth Debt Relief

    Hi Adam! We are thrilled to hear how much of a positive experience you are having with our team to find the best financial path for you - we are excited to be on this journey toward the financial future you deserve!

    Verified purchase
    Customer ServiceProcess

    Reviewed Oct. 26, 2023

    I've been dealing with JG Wentworth for about a year and I have another two years to go. It’s a very slow process. My credit score is very low right now and it's gonna take a while to rebuild. And I've heard from other people that when they do bankruptcy it's a lot quicker. So I don't know if I made the right decision. At first, JG Wentworth was on top of everything and the phone calls and check-ins have dwindled. In the 14 months that I've been dealing with them, out of eight creditors, they've only established four payment plans on my behalf. The customer service is non-existent and the quality of their service could be much better by reaching out more and explaining the process a little bit more before you go through it. If they made the website a little bit more user-friendly and readily available, it would be a little bit better. And they have to tell you that you're in control of it. It's not them. JG Wentworth is not worth my time and I would not recommend them.

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    Response from JG Wentworth Debt Relief

    Thank you for your feedback - we asked a representative to reach out and discuss your concerns.

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    JG Wentworth Debt Relief Company Information

    Company Name:
    JG Wentworth Debt Relief
    Website:
    www.jgwentworth.com