November 6, 2008

JG Wentworth Loses Satisfactory Rating From the BBB

As of October 5th, 2008, JG Wentworth has officially been stripped of it’s satisfactory rating from the Better Business Bureau.

“To have a “satisfactory BBB Rating” with BBB, a business must be in business for at least 12 months, properly and promptly address matters referred to it by BBB, and be free from an unusual volume or pattern of complaints and law enforcement action involving its marketplace conduct. In addition, BBB must have a clear understanding of the business and no concerns about its industry.”

This author believes that JG Wentworth has had it’s satisfactory rating removed due to a high number of complaints over the last few years.

Here is a picture of JG Wentworth’s satisfactory rating in early September 2008.

Here is the updated file without the satisfactory rating.

There may be a correlation between JG Wentworth canceling cases due to lack of funding and an increase in complaints over the last few weeks.  Hopefully this company is learning their lesson and will treat annuitants with care and not as a dollar sign.

Related posts:

  1. JG Wentworth’s Better Business Bureau Record
  2. DealFlow Media Inaccurately Reporting JG Wentworth Case
  3. Kudos to JG Wentworth in their Recent Press Release
Filed under: JG Wentworth,News — Author- Andrew Cravenho

6 Comments »

  1. how do i do the bbb thing. i got a quote from them and they wont stop calling.

  2. Brad on November 7th, 2008 at 12:06 pm
  3. [...] Quotes strives to make our blog entries current. Yesterday this author published an article “JG Wentworth Loses Satisfactory Rating From the BBB,” in the article this author discusses how JG Wentworth has had their satisfactory rating [...]

  4. JG Wentworth Gains Satisfactory Rating Back Overnight » Settlement Quotes on November 7th, 2008 at 12:31 pm
  5. [...] Wentworth is one of the leading a structured settlement companies in the United States. JG Wentworth is there to aid individuals and other companies who have received a large amount, settlement case, [...]

  6. Redstar Business Solutions » Blog Archive » Structure Settlement Company on January 8th, 2009 at 6:57 am
  7. [...] complete any  future transactions for that individual. Since the Chapter 11 Bankruptcy filing by JG Wentworth, investors are not interested in purchasing the rights to structured settlement payments serviced [...]

  8. The Servicing of Structured Settlement Payments » Settlement Quotes on November 9th, 2009 at 4:16 pm
  9. [...] advance of the settlement or annuities schedule has become almost a rubber stamp and companies like J.G Wentworth have made a tidy sum from these processes even in these days of streamlined conversion [...]

  10. JG Wentworth Not The Only Game In town « Bosgoed Business Projects on July 10th, 2010 at 10:28 pm
  11. [...] settlement cash out, that may also be true but when the originator goes sour, what of its clones. JG Wentworth was the king of off channel and late night TV commercials promising to get you your money from a [...]

  12. JG Wentworth The Originator And Often Duplicated on July 10th, 2010 at 10:29 pm

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