| Name | Title | Contact Details |
|---|---|---|
David Pellegrino |
Senior Vice President, General Counsel | Profile |
Since the day we opened our doors, we’ve been providing our customers with affordable, flexible options to respond to life’s changes – providing them peace of mind and the ability to meet their changing needs. Today, JGWPT Holdings Inc. (“JGWPT”) is headquartered in suburban Philadelphia. We focus on key sectors, including structured settlement payment purchasing, annuity payment purchasing, lottery payment purchasing and pre-settlement funding. Our seasoned management team has developed a category-leading marketing, operations, customer service and funding infrastructure that has allowed us to achieve efficiency and economies of scale necessary for stability and future growth. Through J.G. Wentworth and Peachtree Financial Solutions, we have become one of the world’s leading purchasers of deferred payments from illiquid financial assets, such as structured settlements, annuities and lottery receivables. In fact, since 1995, our companies and their predecessors have purchased over $9.1 billion in future payment obligations from our customers. Approximately three times per year, our purchased payment streams are bundled and issued as Fixed-Rate Asset-Backed Notes, which are typically purchased by institutional investors. This is a core strength for JGWPT – and one that establishes a strong foundation for future growth through our relationships with financial institutions and ability to execute financing through committed warehouse lines. We’ve been a leader in the development of current regulatory framework around the purchasing of structured settlement payments. Our work on both federal and state regulation has, over the past decade, provided more clarity and stability to the structured settlement payment transfer process, and we embrace this regulation. Diversified transactions for our customers, a robust financial infrastructure, and leading by example in regulation, are hallmarks of our heritage at JGWPT – and qualities we will carry forward as we continue our positive growth trajectory.
Revco Solutions is a fresh name in the collections industry, but a new brand with a long history of success for the industries we serve. We establish our history launching from a foundation of a century of experience performing collection services. With the acquisition of both Professional Recovery Consultants (PRC) and Credit Bureau Collection Services (CBCS) in 2019, under the ownership of Revco Management, these two organizations have integrated their considerable strengths to rebrand in 2020 as Revco Solutions, LLC. Our combined organizations receive multi-billion dollars in placements annually. Our long history of success relies on leveraging multiple resources, aligned toward a singular goal of consistently delivering best-in-class performance and customer services, while deploying the security measures to protect sensitive data, maintain regulatory compliance, and enhance the goodwill our customers have cultivated in their communities. We employ a long-tenured staff who are afforded the training, resources, and support to bring their best selves to every interaction with your consumer base. It is the commitment of our people to our value-proposition that distinguishes Revco Solutions from the rest in achieving excellence on every front, tailored to every client, in every interaction, every day. Take your accounts receivables to a new level with a new name in collections that is built on the foundations of proven solutions – Revco Solutions!
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