Can I get a loan instead of cashing out my settlement early through JG Wentworth?
I have $50,000.00 sitting in a trust fund at an insurance company. Now my brother has the same and he went through JG Wentworth to get his out early and lost $20,000.00 on the deal. Now are there places that will loan me a small amount (like $5,000-$10,000) that way i dont have to cash out my whole value and lose a large amount. Now i know that they (JGW) can buy a portion of it but i will still lose a lot i just want a small loan that wont make me lose too much money. This is what they offered me: $31,000.00 for my whole contract or $16,000.00 and then $15,000.00 in 2012 when i am supposed to receive it. NOW I DONT WANT TO HEAR JUST WAIT FOR THE MONEY BECAUSE IT AINT WORTH IT BECAUSE I NEED MONEY FOR COLLEGE SO I CAN GET MY CAREER AND BUSINESS STARTED SO GIVE ME OPTIONS ON A PLACE THAT WILL LOAN ME MONEY AND NOT TRY TO JUST BUYOUT MY SETTLEMENT.
Why not try to get a personal loan, and use it as collateral.
JGW taking a huge percentage is the cost of business …you want your money..and they have money to give you (for a price!) LOL
Can you apply for a student loan?
Sometimes it is a blessing when we cannot get to something before we really should.
Depends on the conditions, and whether you can start making payments immediately or if you would have to wait for the payout to start making payments. Go to a bank, and present your specific information for an answer.,