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October 02, 2009

JG Wentworth's "Trillions"

by Structured Settlement Watchdog

Read this and what does it tell you

1. About JG Wentworth

"J.G. Wentworth is the nation's largest purchaser of future payments, offering a lump sum of cash to individuals who hold assets in the form of structured settlements and annuities. Over the years, the company has built an unparalleled infrastructure that combines dynamic sales and marketing techniques, a strong credit and underwriting culture, proprietary technology and a highly skilled and enthusiastic workforce. With several trillion dollars in total assets backing annuities and structured settlements in the United States, we see a tremendous opportunity to help Americans who need cash now".

Now Read this. Does it have the same meaning?,

2. About JG Wentworth

"J.G. Wentworth is the nation's largest purchaser of future payments, offering a lump sum of cash to individuals who hold assets in the form of structured settlements and annuities. Over the years, the company has built an unparalleled infrastructure that combines dynamic sales and marketing techniques, a strong credit and underwriting culture, proprietary technology and a highly skilled and enthusiastic workforce.

Market potential

With several trillion dollars in total assets backing annuities and structured settlements in the United States, we see a tremendous opportunity to help Americans who need cash now".

Paragraph 1 appears on the JG Wentworth Corporate website. Is this errant copyrighting or intentional deception?  You be the judge

In June 2009 JG Wentworth needed and took in $100 million equity infusion. If it had $2 trillion in assets (which would make it bigger than all US insurers)  would it need such a measly capital infusion?  The company also states that since 1992, J.G. Wentworth has purchased over $3 billion of future payment obligations from consumers.

Despite the blurring of the lines JG Wentworth just announced its 1,000th transaction since June. The "elephant" is back!





Posted at 04:46 PM in JG Wentworth Commentary, Structured Settlement Watchdog® |

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