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JG Wentworth's program is limited to unsecured debts, which are debts not backed by collateral. Eligible types include credit card balances, medical bills, personal loans, private student loans, peer-to-peer (P2P) loans, payday loans, and existing debt consolidation loans. Secured debts, such as mortgages and auto loans, do not qualify.

JG Wentworth charges no upfront fees. After a debt is successfully settled, they charge a settlement fee of between 18% and 25% of the enrolled amount for that account. The exact percentage varies by state and by the total amount enrolled. Clients should also be aware of a monthly escrow account maintenance fee charged by the third-party account provider, typically around $9.95.

Yes. The process requires clients to stop making payments directly to creditors, which can result in missed payment reports and potentially collection activity on their credit reports. This can reduce a credit score significantly in the short term, sometimes by 80 to 120 points, before the first debt is settled. These negative marks can remain on a credit report for up to seven years.

The length of your program typically ranges from 32 to 60 months, depending on the total amount of enrolled debt. JG Wentworth often cites a 24–48 month range in general marketing materials, but its website disclosures reflect a broader 32–60 month window. Clients should plan for the possibility of a longer timeline.

Creditors are under no legal obligation to negotiate a settlement during the debt settlement process. If a creditor declines, JG Wentworth will continue to hold the deposited funds and may attempt to negotiate again as the account progresses. However, during the period that payments are withheld, creditors may escalate collection efforts, charge additional late fees and interest, or, in some cases, pursue legal action. This is an inherent risk of debt settlement that clients should fully understand before enrolling.