- January 2, 2019
- Jeffrey A. Rubin
Choosing the Right Lawsuit Funding Co:
Victims of accidents often have trouble paying their bills. Therefore, they might need lawsuit 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 best lawsuit funding company can save you thousands of dollars over the course of your lawsuit. Lawsuit funding is also called legal funding, pre settlement loans and accident funding. There are many lawsuit funding 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 funder.
Only As a Last Resort:
When you take out a lawsuit 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 lawsuit 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 funder. Redwood Funding Group has no fees whatsoever in any form.
Principal +Interest+ Fees:
Lawsuit loans are 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 funder.
Compare & See Why:
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 lawsuit funding 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 lawsuit funding 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.
If you can avoid taking out a lawsuit loans 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 lawsuit funding companies. Redwood Funding Group is the only funder whose rates compete with credit card cards.
Will You Qualify?:
Lawsuit funding companies take risks when they advance you money. If you lose the lawsuit then the lawsuit 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. A lawsuit funding 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
Shop Around & Compare:
Not every bank is the same and not every lawsuit funding 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.