Twitter Followers. Similarweb Unique Visitors. Majestic Referring Domains. All rights reserved. PitchBook is a financial technology company that provides data on the capital markets. Log in Request a free trial. Request a free trial Log in. Wentworth Overview Update this profile. Founded Status Private. Employees Financing Rounds Investments 3.
Wentworth General Information Description Provider of structured payment services to individuals and businesses. Ownership Status. Privately Held backing. Financing Status. Private Equity-Backed. Primary Industry. Consumer Finance. Other Industries. Other Financial Services. Primary Office. What you see here scratches the surface Request a free trial.
Want to dig into this profile? Request a free trial. Wentworth Comparisons. HQ Location. Total Raised. Post Valuation. Last Financing Details. The company uses a multi-channel, direct-to-consu. Chesterbrook, PA. Wentworth may be willing to help you out, but it will retain a portion of your payout in return. The total amount it pockets is called the "effective discount rate," which includes all its fees, and can total 9 percent to 15 percent or more.
Still, if you're paying 30 percent interest on credit-card debt, doing business with J. Wentworth may be worthwhile. It may also pay you more for an annuity than you could make cashing it out, especially if your insurer charges a steep surrender fee for early withdrawal. One thing you need to know about J. Wentworth, however, is that the company recently reorganized to lessen its debt load, which allowed its holding companies to emerge from bankruptcy last June.
If it declares bankruptcy again while your payment is being processed, you may have difficulty getting your cash. If you're strapped for money and have an investment that provides a steady stream of income, see if the company you have been doing business with will increase your monthly payments to give you more immediate cash. If it won't, find out what J. Wentworth will pay you for it, but don't accept any offer until you try other options.
Get quotes from a few of Wentworth's competitors, like Peachtree Financial and Structuredsettlement-quotes. After you receive a quote, make sure the effective discount rate has been deducted from it. Then ask for a better deal. Companies may raise your quote if you haggle. Since this can be complicated, you may want to speak with a financial adviser and an attorney before you act.
And check the tax implications associated with cashing out an annuity. Finally, compare the rates you'll pay for personal loans or home-equity loans from local banks and credit unions with the amount you'll have to pay to Wentworth and similar companies. This article appeared in Consumer Reports Money Adviser. Get Ratings on the go and compare while you shop. Sign In. Become a Member. Remember Me. Forgot username or password? Not a member?
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