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Debt Resolution

Mar 20, 2024

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Can I Still Use My Credit Card after Debt Consolidation?

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Debt Resolution

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is debt relief right for you
Debt Resolution

Mar 7, 2022

4 min

Is Debt Relief Right for You?

Earn a high-yield savings rate with JG Wentworth Debt Relief

What Makes Debt Settlement Worth It?

by

JG Wentworth

March 6, 2024

7 min

Cutting up credit cards

What are your financial goals?

Do you dream of buying a house? Or have you been stockpiling your PTO to take a big trip overseas? Maybe you need a new car, or you want to go back to school, or you’ve been fantasizing about how much better your life would be if you could finally remodel your kitchen.

Now ask yourself: what is getting in the way?

If your answer is debt, you’re not alone. According to a recent study from NerdWallet1, the typical American household holds over $6,000 in credit card debt and will pay an average of $1,029 in interest on their credit cards this year alone.

Imagine what you could do with an extra $1k in your pocket each year!

And depending on how much debt you have, it could take more than fifteen years to pay off your credit cards just making the minimum monthly payments. You don’t need to weigh all the pros and cons of debt relief to know that the longer you wait to pay off your debt, the more money you lose. Paying off your debt aggressively is the best solution to get yourself back on track and achieve your financial goals sooner—and debt settlement is one of the best ways to get it done.

If you have unsecured debt from credit cards, personal loans, or medical bills and are considering working with JG Wentworth, you know that entering our Debt Relief Program is a big decision. But you’ll likely find that the pursuit of a better financial future is worth the commitment!

Better credit, more opportunities

Having a lot of debt has a very real impact on your credit score, and that can affect almost every aspect of your life. People with good credit scores reap tons of rewards that people struggling with a high amount of debt and a lower score simply don’t have access to.

A higher credit score can mean lower insurance payments, better interest rates, and more housing options. People with better credit are more likely to qualify for mortgages or private student loans, and in some cases, it even helps them look better to potential employers.

But having a few bad years doesn’t mean your credit score will never recover! And while debt relief may have an initial negative impact on your credit score, after completing the debt relief program with JG Wentworth, you’ll have a fresh start and a better shot at rebuilding your credit.** Here are some reviews from recent Debt Relief Program graduates who confirm that debt settlement can produce serious results:

“… now my credit score is way over what it was. I’ve increased my credit score by like 120 points in less than 11 months.” – Cody from New York

“… it feels nice to get a lot of things paid off. JG Wentworth helped me as a program and it got me out of debt. Also, my credit rating is getting up higher than it has ever been.” – Angelo from Montana

Debt settlement is a great first step to take if you’re concerned about the way your debt is affecting your credit score and want to rebuild.

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Step 1 of 4 - Debt Amount

Choose your debt amount

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Making debt negotiations easy

One of the biggest benefits of entering the JG Wentworth Debt Relief Program is that it makes the complicated debt settlement process easier! Our trained team of negotiators work with your creditors on your behalf—so you don’t have to take to the Reddit forums and figure out how to negotiate a debt settlement on your own.

And if you’re the type of person who doesn’t want to leave the fate of your finances up to someone else, you won’t have to. Your JG Wentworth representative will send you updates and be available to answer your questions throughout the entire program. We’re committed to transparency, and our customers love that about us.

“They went step-by-step on every single thing, so I felt comfortable with them. The program is exactly what I expected. They have amazing customer service and they are very trustworthy.” – Liz from Florida

“They would respond fairly quickly if I contacted them, were always available whenever I had anything, and they would reach out to me if they had any updates.” – Mark from Florida

“They were very straightforward and upfront when I asked questions. … The communication was really great and the onboarding was really easy and effective.” – Cody from New York

If you feel overwhelmed by all the information out there about debt relief, JG Wentworth can help demystify the process in a collaborative, friendly way.

Life after debt relief

When you’re not struggling to pay off your debt, a world of possibilities can open up for you. Breaking the cycle of debt can be freeing, and contrary to what you might think, it doesn’t have to be difficult!

Working with JG Wentworth, you’ll be able to sit back and relax knowing you’re working with trained specialists motivated to help you rebuild your life after debt and achieve your financial goals.

Give us a call at (888) 505-1794 to hear your options and get ready to start dreaming about the future again. Freeing yourself from debt is easy when JG Wentworth’s on your side!

Sources Cited

  1. Rathner, S. (2022, January 11). Nerdwallet’s 2021 American Household Credit Card Debt Study. NerdWallet. Retrieved from https://www.nerdwallet.com/blog/average-credit-card-debt-household/

 

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*The debt settlement program is provided by JGW Debt Settlement, LLC (“JGW”) JGW is licensed/registered to provide debt settlement services in states where licensing/registration is required. 

Debt relief program results will vary by individual situation. As such, it may not be suitable for all persons. JGW does not offer debt relief services in all states. JGW receives a fee for its services and fees may vary from state to state. Not all debts are eligible for enrollment. Not all individuals who enroll complete our program for various reasons, including their ability to save sufficient funds. Savings resulting from successful negotiations may result in tax consequences, please consult with a tax professional regarding these consequences. 

JG Wentworth does not pay or assume any debts or provide legal, financial or tax advice or credit repair services. You should consult with independent professionals for such advice or services.  

**The use of debt relief services can potentially have an adverse impact on your credit rating, may result in you being subject to collections, and may result in other adverse action by creditors or collection agencies. JGW makes no guarantees related to improvement in credit score. Read and understand the program contract prior to enrollment.