Debt Relief
Top Companies in 2024
JG Wentworth vs Pacific Debt Relief
Press [Add to Compare] to Edit, Add or Remove Vendors
- No upfront fees
- Accessible customer service
- A+ BBB rating
- Quick debt repayment
- Free consultation
- Performance-based fees
- No upfront fees
- Only available in 30 states
- High program fees
- Additional fees
- No mobile app
- Limited state availability
- No mobile application
- No online client portal
Within the last 30+ years, JG Wentworth has imprinted their name among the industry’s most recognizable brands. Their offerings spread across many sectors; among them are their debt relief programs, debt settlement services, and personal loans designed specifically for individuals grappling with debt. They also tailor solutions to individuals wanting to access their structured settlements, annuity payments, and lottery or casino winnings in one lump sum. They have helped over 150,000 clients and facilitated $4 billion in transactions, which pushed them to the forefront of the industry. Operating across 30 states and Washington, DC, they have a policy that prohibits upfront fees and offers a best-price guarantee of $1,000. These affordability measures are reinforced by their A+ rating with the Better Business Bureau (BBB) and memberships in organizations such as the American Association for Debt Resolution (AADR) and the American Fair Credit Council (AFCC), and a certification from the International Association of Professional Debt Arbitrators (IAPDA).
Pacific Debt Relief is a reputable debt relief company founded in 2002 and headquartered in San Diego, California. The company provides assistance with unsecured debts such as credit cards, personal loans, medical bills, and payday loans. Pacific Debt Relief is certified by the International Association of Professional Debt Arbitrators (IAPDA), adding credibility to their services. PacThey do not charge any upfront or monthly fees, unlike many debt settlement firms. Instead, it takes a fee of 15-25% of the total enrolled debt only after a settlement with creditors has been reached. On average, clients can expect to pay around 50% of their debt balance before fees, resulting in a total reduction of 25-35% in their debt. Pacific Debt Relief has impressive customer feedback, boasting an A+ rating from the Better Business Bureau and a 4.8 out of 5-star rating on Trustpilot based on over 1,700 reviews. Clients praise the company's professional debt arbitrators, excellent customer service, and ability to help them become debt-free. With their transparent pricing, industry accreditations, and positive customer reviews, Pacific Debt Relief stands out as a reliable option for those seeking debt relief solutions.
- Credit Score Impact : Program may lower score temporarily
- Average Net Savings : Up to 51% of debt
- BBB Rating : A+
- Fees : 18% - 25% of total enrolled debt
- Timeframe : 24-48 months
- Trustpilot Score : 4.8 out of 5
- Customer Experience : Good
- Credit Score Impact : The program may lower the score temporarily
- Average Net Savings : 50% before fees
- BBB Rating : A+
- Fees : 15% - 25% of total enrolled debt
- Timeframe : 24-48 months
- Money-Back Guarantee : False
- Trustpilot Score : 4.8 out of 5
- Customer Experience : Excellent
- No upfront fees and free consultation
- High debt-settlement rate
- Wide range of services and third-party partnerships
- Perfect complaint-resolution rate
- Relatively low fee range
- Over $500 million settled debt
- Dedicated account managers & certified debt advisors
- Bankruptcy Counseling—Undisclosed
- Consolidation Loans—Undisclosed
- Credit Card Debt Relief
- Credit Counseling
- Debt Consolidation
- Debt Counseling—Undisclosed
- Debt Management Plans—Undisclosed
- Debt Settlement
- Loan Refinancing—Undisclosed
- Bankruptcy Counseling
- Consolidation Loans
- Credit Card Debt Relief
- Credit Counseling—Undisclosed
- Debt Consolidation—Undisclosed
- Debt Counseling
- Debt Management Plans
- Debt Settlement
- Loan Refinancing
- Collection Accounts
- Credit Card Debt
- Medical Bills
- Personal Loans
- Private Student Loans
- Professional Bills
- Secured Debts—Undisclosed
- Collection Accounts—Undisclosed
- Credit Card Debt
- Medical Bills
- Personal Loans
- Private Student Loans—Undisclosed
- Professional Bills—Undisclosed
- Secured Debts
- Cash—Undisclosed
- Escrow/Savings Bank Account
- Major Credit Cards—Undisclosed
- Cash
- Escrow/Savings Bank Account
- Major Credit Cards
- In Office
- Live Chat
- Mobile Application—Undisclosed
- Phone
- Ticket
- In Office
- Live Chat
- Mobile Application
- Phone
- Ticket
JG Wentworth vs. Pacific Debt Relief
When exploring debt-relief options, JG Wentworth and Pacific Debt Relief stand out as reputable companies offering solutions for individuals struggling with unsecured debt. Both focus primarily on debt settlement but differ in their approach, fees, and additional services, catering to various financial needs.
Minimum debt requirements
Both companies require a minimum of $10,000 in unsecured debt to qualify for their programs. This includes credit card debt, personal loans, and medical bills, ensuring they assist clients with significant financial burdens. However, JG Wentworth operates in 30 states, while Pacific Debt Relief is available in 32 states. These limitations may influence accessibility depending on where a potential client resides.
Services and fees
JG Wentworth offers comprehensive services, including debt settlement, personal loans through third-party partnerships, and lump-sum buyouts for structured settlements or annuities. Their fees typically range from 18% to 25% of the total enrolled debt, slightly higher than the industry average. Additionally, clients may need to pay maintenance fees for the account used to manage monthly deposits. In contrast, Pacific Debt Relief focuses solely on debt settlement, charging performance-based fees that range from 15% to 25% of the total debt enrolled. Notably, Pacific Debt Relief does not charge upfront fees, which can alleviate financial strain for clients early in the process. However, their narrower scope of services might not meet the needs of clients looking for more financial solutions.
Customer support
Customer support plays a vital role in both companies' debt relief processes. JG Wentworth assigns dedicated account managers to guide clients through their programs and provides educational tools, such as calculators, to estimate repayment timelines and potential savings. Pacific Debt Relief also offers personalized support by assigning a dedicated account manager to handle creditor communications and keep clients informed. However, Pacific Debt Relief lacks modern tools like a client portal or mobile app, which can limit the ease of tracking progress compared to other providers.
Overall comparison
JG Wentworth’s diverse range of services makes it an attractive choice for clients seeking financial solutions beyond debt settlement. However, their higher fees and limited state availability might pose challenges. Pacific Debt Relief provides a more straightforward and cost-effective debt settlement approach with no upfront costs, but their focus on a single service might not appeal to clients with broader financial needs. Choosing between these companies depends on your financial goals, preferred services, and the importance of accessibility in your decision-making process. Both options offer valuable support to help individuals regain control of their finances.
Save Big on Debt Relief
Fill out a quick form to claim special offers on Debt Relief
