I just saw an advertisement for JG Wentworth.  They factor structured settlements and annuities.  Is that legal? Sometimes. But, just because a company is in business and advertises doesn’t mean that everything they do is legal everywhere.  Keep in mind that where this is legal, consumers don’t have the same disclosure requirements and protections that they do in consumer loans.  There may not be any real regulation in the implied interest rate in the transaction. 

Note that I have no cases against JG Wentworth. I have not examined their contracts. I am not giving an opinion as to whether any part of their business is legal.  My suggestion is that if you are approached by a JG Wentworth representative, think about things very carefully before proceeding.  If you get into a deal that you later regret, you may not be able to find anyone who can help you get out of it.  Please do not call me regarding JG Wentworth.  If you send me a message, I will respond.