J. G. Wentworth has reached a new level of brilliant absurdity with its new TV advertising campaign. Out with Mr. Wentworth and in with "everyday Americans" who "need cash now", like the lady who cracks up her car, the physician who has triplets and a goofy dude who is lathering up in the shower. "To the rescue" comes a sleazy looking VIking driving a tow truck, who defies his appearance by accomodating the "car wreck lady" whose car has been sheared in half, either by "the jaws of life" or her bad driving. It's so "realistic" that she's cheerful, untraumatized as if she just had a flat, singing merrily, replete with white "foo foo" lap dogs.
The reality of the horrendous car wreck that led to the structured settlement (for the annuitant that J.G. Wentworth targets) would be far different. Also unrealistic and misleading is the ubiquitous "cash now" claim. While minimal advances are offered by some cash now pushers, the selling process requires a judge's approval that the transaction is in your best interest (and that of any applicable dependents)
Yet J.G. Wentworth's advertising clearly recognizes that the economic crisis affects all socio economic levels. It is important to note that J.G. Wentworth is one of many companies that provide liquidity for structured settlements.
Have a good laugh at the J.G. Wentworth ads but be aware of the millions of dollars J.G Wentworth spends on ads and how they factor into the amount you might receive. ( I recall that the securities filing for another factory company's IPO suggested that their advertising amounted to about 8% of the discount rate). Prospective sellers of structured settlement payments should always check into all sources of financing. If selling structured settlement payments is the only way to go (because you cannot get a loan for example), then shop around.
ALWAYS shop around, even if you have already sold to J.G. Wentworth, or any other factoring company before. Don't blindly trust the company.