How does wentworth work

Obviously they received the monies from the place where they were issued but their supervisor said toss them in the garbage. This is the most scumy place I ever heard of. If I knew who oversees them, I would contact that organization. Tried to refinance my mortgage. Was approved quickly, and submitted everything they asked for immediately. Was told it would close within 30 days.

Then one evening I received a call from a woman who said she was handling my closing, but no one was at my house when she showed up. Why was I not notified of the closing date? I was fed up at this point and unwilling to deal with them, but also was never contacted by the company to explain what had happened or to try to reschedule closing.

Beware if you really want to refinance. My credit score dropped considerably after their 2 inquiries, so I am now waiting for it to rebound before I try again to refinance with a different company. The JG Wentworth Company is a broad-based financial services company founded in Starting life a merchant bank, the company moved into structured settlements in the late 90s.

It can happen to the largest companies, too. In addition to a comprehensive range of mortgage and loan products, JG Wentworth also specializes in debt settlement but what does this mean?

Much like any debt settlement process, you allow JG Wentworth to negotiate a reduced settlement with your creditors in exchange for clearing the debt. Skip to content Average Rating: 0.

Rating snapshot: 5 stars:. Wentworth Really Work? Would Recommend to Friends? Yes No. Review Image. Youtube url. Recent Posts. Since this can be complicated, you may want to speak with a financial adviser and an attorney before you act. And check the tax implications associated with cashing out an annuity. Finally, compare the rates you'll pay for personal loans or home-equity loans from local banks and credit unions with the amount you'll have to pay to Wentworth and similar companies.

This article appeared in Consumer Reports Money Adviser. Get Ratings on the go and compare while you shop. Sign In. Become a Member. Remember Me. Forgot username or password? Not a member? Need further assistance? Please call Member Services at If you have previously submitted a Direct Deposit Form, you don't need to submit them again unless your banking information has changed. Search Search.