Updated January 2012 – How important is a company’s reputation when purchasing structured settlement payments from tort victims? JG Wentworth is the largest company in the structured settlement factoring industry, but it’s important to note this company’s Better Business Bureau record. JG Wentworth has done a good job over the past 2 years of cleaning up their record. This article was originally written in 2008 and JGW had over 40 BBB complaints. Looking at their record now, they have just under 30. This is impressive with all that has happened in the 4 years since this article was written.
Over the past four years, JG Wenworth has filed for bankruptcy, laid off over half its workforce, and just recently merged with it’s biggest competitor Peachtree Settlement Funding. Usually with a lot of negative press, a company’s Better Business Bureau record suffers, but not JG Wentworth.
JG Wentworth has received 14 complaints over the last 12 months and 29 complaints over the past 36 months. The increased number of complaints within the last 12 months could be due to the merger with Peachtree. I would suspect that they are doing almost double the business, and most of it is being funneled through JG Wentworth, not Peachtree.
What is the increase in complaints attributed to?
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[...] Media (DFM) wrote in their recent structured settlement wire that 321 Henderson, a J.G. Wentworth affiliate was denied a transaction in New York this past week. In their report DFM stated that a [...]
[...] Are you planning to sell your structured settlement for lump cash because of an urgent financial need like the expansion of your business or a new investment you like to make? If yes, you might be in search for the company for your settlements. One thing you need have is a critical mind to make sure you filter the feedbacks you hear about settlement issues. Have you heard about the sound name of JG Wentworth and the DealFlow Media issue, and have you checked the JG Wentworth BBB record? [...]
[...] JG Wentworth’s BBB representative who stated to Richard M. Connelly, General Counsel of J.G. Wentworth that it was a mistake that their Better Business Bureau profile was without the satisfactory [...]
I am in the process of trying to recieve the funds promised me by J.G.Wentworth. It had now been 30 days since the judge signed the paperwork. After many, many, many phone calls to different people and many, many lies, they will no longer take my phone calls and I STILL have no answer or monies that I desperatly am in need of!
Thanks J.G. Wentworth. I will tell EVERYONE that this is the worst company I have ever delt with. Especcially for the ammount of monies they are recieving!
We in process of selling a structured annuity
with IGWentworth 321 Henderson receivabiles orgination
LLC ,3993 Howard Hughes Parkway Suite 250 Las Vegas Nv 89169-6754 can any one give us feed back ?
I was considering selling an annuity to J.G. Wentworth, but upon receiving the contract paperwork from them, discovered that they wanted such information as permission to do a credit check, access to all my bank account information, access to my past years’ tax returns, permission for them to have power of attorney, and permission to make a stamp of my signature! To me, that smells like too much information. Why would they need all that?
[...] for their clients to cash out their future payments as opposed to using companies like JG Wentworth or Peachtree Financial. Clearscape Funding should be able to provide the best rates in the industry [...]
JG Wentworth violates quite a few “laws” including good faith law. I have been lied to repeatedly, and when I call, I am told that everyone is in different departments. The lady on the phone said she was in sales, and yet not the same department as someone else in sales. How does this work? Isn’t the sales team all in the sales department? I was told that things would be finished by the end of May. Here it is, almost end of July, and still no resolution. This company is as bad, if not worse, than Peachtree Settlement
[...] a Google search on the company. Do you see any complaints? [...]
[...] J.G. Wentworth Originations, LLC (“Wentworth”) makes the instant application, pursuant to General Obligations Law, Title [...]
[...] like America’s Note Buyer, Novation Capital, Stone Street, Settlement Quotes, LLC as well as J.G. Wentworth are unquestionably biggest structured settlement companies on the market ready to help out most [...]
I don’t even know (or care) what a structured settlement is!! Your singing commercial is completely OBNOXIOUS. It makes me turn off the television.
[...] a case with other settlement funding company called Peachtree Settlement Funding. In this case, JG Wentworth Complaints was to charge Peachtree of having JG Wentworth as their main keyword over the Internet and search [...]
I recently chose JG wenworth to do business with when selling my structured settlement payment. I have had nothing but trouble from the beginning..From rude csr’s, to getting misled that I could get advancement, then not getting one..Went to court Thursday and was told would have the funds in 1-2 days…Finally I faxed over order myself yesterday, and now will be 48 hours from today…JG does not keep their word on anything so far!!
I cannot stand these darn commercials anymore. im so fed up with all of them. Why cant something be done about annoying commercials?
one can watch these comercials and see the greed! Dumdworth a true idiot. american
business worst on the planet !