Do JG Wentworth Give Loans?
Does JG Wentworth give loans? This is a question that many people ask and the answer is that the company does not offer loans, but instead offers payment structures for pre-settlement and structured settlements.
The original JG Wentworth Company launched in 1992 as an insurance and annuity company and continues to offer annuities, life insurance and other investments. However, they now specialize in helping individuals and businesses access their money from pre-settlement and structured settlements. These are highly specialized financial products that offer a guaranteed payment in exchange for an up-front lump sum.
What JG Wentworth Does Offer
JG Wentworth may not offer loans but they do offer the following services:
- Payment Structures – JG Wentworth can help individuals and business access money from pre-settlement and structured settlements. This includes services such as cash advances, annuity purchases and transfers.
- Annuity Purchases – JG Wentworth provides annuity purchase services which are transaction that transfer the rights to receive payments from an annuity from one party to another. This allows for an immediate lump sum exchange.
- Cash Advances – JG Wentworth also offers cash advances in exchange for pre-settlement and structured settlements. This is a convenient way to access money without having to wait for it to be received in the mail.
In conclusion, JG Wentworth does not offer loans but instead offers specialized services related to pre-settlement and structured settlements. These services include payment structures, cash advances, and annuity purchases. These services can be a great way to access money without having to wait for it to be received in the mail.
Does JG Wentworth require collateral for loans?
No, JG Wentworth does not require collateral for its loans. The company does not offer loans, but instead offers payment structures for pre-settlement and structured settlements. These payments are provided without any collateral required.
What types of loans does JG Wentworth offer?
JG Wentworth offers structured settlement payments, lottery and annuity payments, lump sum cash advances, and asset-backed lines of credit.
What types of collateral does JG Wentworth require for loans?
JG Wentworth typically requires borrowers to assign specific types of assets as collateral for their loans, such as annuities, structured settlements, inheritance payments, lottery winnings, and similar sources of future income.
What documents are required to secure a loan with JG Wentworth?
The documents required to secure an unsecured loan with JG Wentworth may vary based on your individual financial situation and state of residence. Generally, you will need to provide proof of identity, proof of income, and banking details such as a voided check and bank statements. You will also need to provide a valid Social Security Number or Taxpayer Identification Number.
What is the application process for a loan from JG Wentworth?
The application process for a loan from JG Wentworth is fairly straightforward. First, you will need to fill out a short application form online which will ask for your contact information, employment details, debt obligation and income information. Once your application is complete, you will receive an immediate feedback of whether or not you qualify for a loan. If you do qualify, JG Wentworth will provide you with a loan agreement and you will have the opportunity to review the loan details and terms. Once you accept the agreement, the estimated loan funds will be deposited in your bank account within 24-48 hours.