My sister decided to sell her structured settlement payments sometime in Aug/Sep 2011. She called J.G. Wentworth (http://www.jgwentworth.com) first because their commercials are on the local tv channels every 15 minutes but she also decided to speak with Peachtree Financial (www.peachtreefinancial.com) because she wanted to make sure that she got competitive quotes.
My sister really went back and forth between both companies and she felt that the negotiations had gone very well. Finally after a week or two the Peachtree representative finally told her that they could not match the Wentworth offer and that she should take the deal with J.G. Wentworth. The Peachtree representative went as far as to say that she was getting an excellent offer and that J.G. Wentworth is an excellent company and that she is in good hands.
The case and funding happened relatively promptly and she received her check from J.G. Wentworth several weeks ago.
The other day she received a random telephone call from a different company who also buys structured settlement payments. The representative pointed out to my sister that J.G. Wentworth bought Peachtree Financial way back in July (http://philly. Citybizlist.com/2/7/13/J.G.-Wentworth-and-Peachtree-Financial-Solutions-Finalize-New-Company. Aspx) and that J.G. Wentworth followed that up by firing most of the Peachtree Financial staff (http://articles. Sun-sentinel.com-08-24/business/fl-peachtree-layoffs0824_1_lump-sum-lottery-winnings-life-insurance-settlement) shortly afterwards.
The representative then gave her what he considered to be a conservative quote for the payments that she had just sold and it was for $22,000.00 more than what J.G. Wentworth had paid her.
My sister is now in complete shock and depressed to the point where I had to take time off work to be with her during this terrible period. She paid dearly for this settlement (the wrongful death of her child) and now she feels like she has been victimized all over again by J.G. Wentworth and Peachtree Financial. J.G. Wentworth is clearly using their recent purchase of Peachtree Financial as a means to deceive people just like my sister. I don't care what they want to call it but it is just plain disgusting and criminal to steal from people who have already suffered terribly already.
J.G. Wentworth and Peachtree Financial you people make me absolutely sick! All that you have done for us is make us all realize how horrible a company can be to an individual. Your day will come! Our familys Thanksgiving 2011 will be something that we will want to forget thanks to J.G. Wentworth and Peachtree Financial.
For everyone else out there please watch out for this trap!
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