Actually, yes. JG Wentworth does cash advances and I'm assuming they are just as predatory as the rest of them. I doubt Europe has title loans and payday loans like the US, or so I would hope.
Anyways, JG Wentworth has commercials that are inherently meme'able where it starts with "it's my money and I want it now!" and is followed by all the extras in the scene suddenly breaking into song about cash advances.
If you have something like a structured settlement from a lawsuit where you receive periodic payments of $X every month, or an annuity that pays out $Y a month, or anything like that - over the entire duration of the settlement or annuity you'll receive $Z total. JG Wentworth will give you some fraction of that $Z now, immediately, as a lump sum - and in turn all future periodic payments go to them. So you get a lot in the short term, but less than you would in the long term - and they get more in the long term than they gave you in the short term.
For a specific example, say you won $10,000,000 in the lottery, and it pays out of a 20 year annuity giving you $500,000 per year. JG Wentworth may give you $15,000,000 now in exchange for all future payments.
Those numbers are all completely made up - I don't know what kind of percentage they take.
They put out commercials like this. There are loads of them - hence the meme.
16 replies
It's 877 not 867, unless they changed it in the last 10 years
Oh damn, you're right. It sounded right in my head when I saw it, and I didn't question.
You got it confused with Jenny’s number, 867-5309.
I have a structured settlement and need Latinum NOW.
*Moon not included
Is this something I'm too European to understand?
Actually, yes. JG Wentworth does cash advances and I'm assuming they are just as predatory as the rest of them. I doubt Europe has title loans and payday loans like the US, or so I would hope.
Anyways, JG Wentworth has commercials that are inherently meme'able where it starts with "it's my money and I want it now!" and is followed by all the extras in the scene suddenly breaking into song about cash advances.
If you have something like a structured settlement from a lawsuit where you receive periodic payments of $X every month, or an annuity that pays out $Y a month, or anything like that - over the entire duration of the settlement or annuity you'll receive $Z total. JG Wentworth will give you some fraction of that $Z now, immediately, as a lump sum - and in turn all future periodic payments go to them. So you get a lot in the short term, but less than you would in the long term - and they get more in the long term than they gave you in the short term.
For a specific example, say you won $10,000,000 in the lottery, and it pays out of a 20 year annuity giving you $500,000 per year. JG Wentworth may give you $15,000,000 now in exchange for all future payments.
Those numbers are all completely made up - I don't know what kind of percentage they take.
They put out commercials like this. There are loads of them - hence the meme.
Your example numbers show JGW giving you $5,000,000 extra on your lottery winnings.
Whoops 🙃 At least I gave the numbers a disclaimer right afterward. Maybe $7 million would be more realistic.
I have long term payments, and I need cash now!
Ah, memories...
To be fair, those might be the best low quality commercials out there. Also great, now the operatic version is stuck on my head.
Just knock it off if it's stuck up there. It comes off easily enough.
I have a structured settlement and I need cash NOWWWW
877 cash cow.
877 cash cow.
your the coooooowwwww!