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THE J.G. WENTWORTH COMPANY® ANNOUNCES ENTRY INTO PERSONAL LOANS CATEGORY THROUGH PARTNERSHIP WITH AVANTCREDIT
Company to leverage marketing engine to enter broad consumer lending market and provide access to additional financing solutions to new and existing customers
Radnor, Pa. March 9, 2015 – The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”) (NYSE: JGW), a leading purchaser of structured settlement payments, annuity payments, lottery payments and other receivables through the J.G. Wentworth and Peachtree brands, today announced the launch of a partnership with AvantCredit to meet the personal lending needs of its customers.
Beginning today, customers who contact J.G. Wentworth with a financial need will have the opportunity to be connected with online personal loan platform AvantCredit.
“We look to leverage our marketing engine to enter the consumer lending category and further diversify the products made available to our customers,” said Stewart A. Stockdale, Chief Executive Officer, The J.G. Wentworth Company®. “Our partnership with AvantCredit continues the company’s transformation and provides the ability to meet yet another financial need for our J.G. Wentworth customers.”
Customers seeking a personal loan through the J.G. Wentworth and AvantCredit partnership can receive more information at the following link, www.jgwentworth.com/personal-lending, or by calling J.G. Wentworth at (866) 388-8592.
“Each month we generate more than 60,000 incoming calls through our direct marketing,” said Sean O’Reilly, Chief Marketing Officer and leader of the Personal Lending Business Unit at J.G. Wentworth. “An essential part of our growth strategy is to maximize our marketing strength and to offer a broader range of options to individuals who engage with our brand. Personal Lending complements our core business and provides a flexible and affordable solution by connecting the thousands of inquiries for personal loans we receive each month with a reputable lender.”
Al Goldstein, Chief Executive Officer and Founder of AvantCredit added, “On behalf of the team at AvantCredit, we’re excited to partner with J.G. Wentworth. AvantCredit was founded to transform the world of consumer credit by lowering the costs and barriers of borrowing. Our goal is to empower consumers by making the credit process easier, faster and more customer-friendly with real-time approval. We’re looking forward to expanding our reach to more consumers through leveraging the strength of the J.G. Wentworth brand.”
For more information about AvantCredit, please visit www.AvantCredit.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements. You can identify such statements because they contain words such as “plans,” “expects,” or “does expect,” “budget,” “forecasts,” “anticipates,” or “does not anticipate,” “believes,” “intends,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might,” or “will,” be taken, occur or be achieved. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements and should not be relied upon as any guarantee of performance or results.
About The J.G Wentworth Company®
The J.G. Wentworth Company® focuses on key sectors, including structured settlement payment purchasing, annuity payment purchasing, lottery payment purchasing and pre-settlement funding. Through our two market-leading and highly recognizable brands, J.G. Wentworth and Peachtree Financial Solutions, we purchase future structured settlement payment streams from our customers. For more information about the J.G. Wentworth Company®, visit www.jgw.com or use the contact information provided below.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.
AvantCredit is an online lending platform that is changing the way consumers obtain credit. Utilizing big data and machine-learning algorithms, the company offers a unique and highly customized approach to streamlined credit options. At its core, AvantCredit is a tech company that is dedicated to creating innovative and practical financial products for all consumers. After securing more than $1 billion in funding, AvantCredit was the most funded company in Chicago in 2014. More than 100,000 loans have been issued through the AvantCredit website. AvantCredit operates in 46 U.S. states and in the United Kingdom. Find out more at www.avantcredit.com.
Makovsky for The J.G. Wentworth Company®
Michael Goodwin, 212-508-9639
Carolyn Blackman, 312-448-8685 ext. 454