Redwood vs. Global Financial Accident Loan
- January 2, 2019
- Jeffrey A. Rubin
Redwood Funding Group never charges fees and never compounds the interest. One Fixed Rate of 15%. Borrow $1,000, You Owe $150 Every Six Months. That’s It!.
Accident Loan and GloFin Funding 2020:
in 2019, victims of accidents often have trouble paying their bills. Therefore, they might need an Accident Loan. Do you use Global Financial or Redwood Funding? If you are from Georgia, Florida, Texas or many other states in the U.S.A. you might qualify for up front cash before your case settles. Choosing the Cheapest Accident Loan in 2020 can save you thousands of dollars over the course of your lawsuit. Accident loans is also called Legal Funding, Pre Settlement Loans and Accident Funding. There are many Accident Loan companies out there and picking the right one can mean the difference between a windfall and a heartache. Redwood Funding Group guarantees you that you will not find a Cheaper Lawsuit Funder.
Pre Settlement:
When you take out an Accident Funding you are borrowing against your potential settlement or judgment. Money that you borrow can be used to pay medical bills, rent or other day to day expenses. One should only take out a Accident Loan if you have exhausted other ways of getting money. This is because of the fees and interest you might end up paying back to your Pre Settlement Loan. Redwood Funding Group has no fees whatsoever in any form. Does Global Financial match that?Â
An accident can but doesn’t have to be expensive. When your case settles you are going to have to pay back the principal plus the interest on the loan. Moreover, to take out the loan you might have to pay various fees to get the money up front. Consequently, with some companies you might end up paying double, triple or even more then the amount that you borrowed. Redwood Funding Group is the Cheapest Accident Loan Company in America.
Lawsuit Loans:
What is compound vs. fixed interest Lawsuits will usually 3, 4 or even 5 years. Some cases can settle within the first six months or even sooner. Therefore, if the Pre Settlement Loan company is using compound interest you might end up paying 60% to 90% in one year! After 1 ½ years you will pay double the amount that you were advanced. Furthermore, many accident loan companies add fees to what you are being charged interest on. A $1,000 advance might have $200 in fees so your interest in being computed based upon a $1,200 loan. Redwood Funding Group only has one fixed rate and never any fees, ever. Does Global Financial do that?Â
Other Options:
If you can avoid taking out an Legal Funding or Lawsuit Loan you should. Try getting money from family or friends, even with a little interest, you might save a lot of money over Lawsuit Funding companies. Or, if you can get a bank loan or use a credit card this too might save you money over accident loan companies. Redwood Funding Group is the only Pre Settlement funder whose rates compete with credit card cards. Can Global Financial match Redwood Fundings rates?
Accident Funding:
Accident Loan companies in 2019 take risks when they advance you money. If you lose the lawsuit then the Accident Funding company is not going to make back any of the money they advanced you. Therefore the interest rate is higher if you choose to use those funding companies. An Pre Settlement Loan company will only advance money on what they think is a successful case. They learn this after reviewing documents provided to them by your lawyer. The speed in which a decision is made explains how fast you will get your money. Redwood Funding Group makes its decision right away so that you get your money fast. Do a test run vs. Global Financial.
Shop Legal Funding & Compare:
Not every bank is the same and not every  Accident Loan Company is the same. Just like banks have different deals so too with lawsuit funding companies. Redwood Funding Group wants you to shop around and seek the best deal. To do this you must ask the following questions: 1) Do you charge fees? 2) Do you compound your interest? and 3) How much will I owe you if I borrow “x†after “y†years? If the lawsuit company charges fees, strike one!. When they compound their interest, strike two. If their bottom line number doesn’t beat redwood Funding Group, strike three, their out! Compare the bottom line repayment amount with the guaranteed amounts on our website and you will see Redwood Funding Group is the Highest Rated Lawsuit Funding company in the U.S.A.