Wentworth is situated during the 1991 in the Chesterbrook, Pennsylvania because the a vendor bank concentrating on transactions on medical care industry
J.G. In 1992, the firm began to get The latest Jersey’s auto insurance deferrals out-of claimants exactly who cannot be able to wait a dozen so you’re able to 1 . 5 years for their settlements.
G. Wentworth proceeded to expand their financial products by buying WestStar Mortgage for $54 billion in common shares and cash
Last year, J.Grams. Wentworth and you can Peachtree Economic Alternatives (that also ordered planned settlements, annuities, and you can lotto payments) molded a different sort of carrying business, JGWPT Holdings, LLC. Adopting the merger, but not, both people proceeded to perform by themselves.
For the 2015, J. In the same year, the firm and additionally launched a partnership having Charge supply prepaid playing cards so you’re able to users.
Today, the business has exploded for the an excellent varied economic services organization, taking head-to-user credit alternatives, together with home mortgages and you will refinancing, organized agreements, annuities, lotto percentage to find, prepaid handmade cards, and you will usage of providers from personal loans.
Inside 2016, J.G. Wentworth achieved a complete mortgage quantity of $step three.4 billion, plus all the subsequent 12 months as, the organization have equaled otherwise exceeded that number. Continua a leggere
