Is this something I’m too European to understand?
Let this be stuck in your head for the next week
Submitted 1 year ago by Datas_Cat_Spot@startrek.website to risa@startrek.website
https://startrek.website/pictrs/image/4056bd93-df75-4b45-ba22-d857fe09a37e.jpeg
Comments
EinfachUnersetzlich@lemm.ee 1 year ago
mustardman@discuss.tchncs.de 1 year ago
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.
zkfcfbzr@lemmy.world 1 year ago
If you have something like a structured settlement where you receive $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 - and in turn all future 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.
CmdrShepard@lemmy.one 1 year ago
Your example numbers show JGW giving you $5,000,000 extra on your lottery winnings.
taiyang@lemmy.world 1 year ago
To be fair, those might be the best low quality commercials out there. Also great, now the operatic version is stuck on my head.
wheeldawg@sh.itjust.works 1 year ago
Just knock it off if it’s stuck up there. It comes off easily enough.
GrammatonCleric@lemmy.world 1 year ago
Ah, memories…
MrFappy@lemmy.world 1 year ago
I have long term payments, and I need cash now!
HubertManne@kbin.social 1 year ago
877 cash cow.
877 cash cow.
your the coooooowwwww!
GreenMario@lemm.ee 1 year ago
Image
I have a structured settlement and need Latinum NOW.