JG Wentworth Not The Only Game In town
11 July 2010And a game it is. Getting cash from your structured settlement or annuity is now big business. Not so long ago it was a tedious process involving judges, attorneys and lots of money just to chase … money! You needed a list of legitimate reasons just to have your case considered.
Nowadays getting cash out in 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 process.
Naturally good business attracts more players and the integrity can become blurred even in the case of originators like JG Wentworth. How do you protect yourself from the predatory companies? Research. And the first place to stop is at the BBB or Better Business Bureau. While they are not the end all source for judging a company they can usually show you a good comparison especially in a young industry like annuity and settlement cash outs.
While some people want to cash out for sound investment or other good reasons, the truth is that a good percentage just plain old need the money. They tend to accept any terms they can get not matter what the loss from the total amounts to. So unscrupulous funding sources pile on the service fees and other costs that take a much larger than needed chunk out of your settlement pile.
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