- February 10, 2017
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. Thatâ€™s It!.
Redwood Funding Group:
If you were injured in an accident and you are having trouble paying some bills you might need lawsuit funding. Redwood Funding Group provides legal funding so that you can relax during the pendency of your lawsuit. Compare the rates of Redwood Funding Group on this website to any funder in the country and see how much you will save. No fees and No compound interest. We are the hottest funder in the country.
Redwood Funding Group provides legal funding to individuals who are victims of accidents. Those accidents can be car accident, slip and fall accidents or construction site accidents. Because you have an attorney and were in an accident Redwood Funding Group can help you.
The difference between lawsuit funding and a bank loan is the following: when you get a bank loan you must pay it back under every circumstance. When you receive lawsuit funding from Redwood Funding Group you only pay it back if you win or settle you lawsuit.Â Furthermore, if you lose you owe Redwood Funding Group nothing.
Compare & Save Thousands:
If you are considering getting legal funding you should be educated about what some in the industry do to advertise their business. As a result, you should then compare that with what Redwood Funding Group has to offer. Compare our competitors advertised interest rates of 3-4%. Seems like a great deal. But what they donâ€™t tell you is they mean 3-4% monthly compounded. Thatâ€™s about 65-85% a year!Â Consequently, thatâ€™s double in 18 months or even less.
What else our competitors do is charge you a fee to obtain your lawsuit funding. They might call it a application fee, a processing fee, an underwriting fee or a closing fee. Either way, itâ€™s a fee. What they do with that fee is add it to the principal you are borrowing and make you responsible for interest and the fee. Therefore,Â while you only receive the principal, from the first day you owe interest on the fee as well.
Furthermore, if you want to receive your money by Federal Express or by bank wire they might charge you $50-$100 extra just to process the delivery of your legal funding.
Choosing the Right Legal Funding:
There are a lot of great Lawsuit Loan companies throughout the United States. Some of the biggest ones are BridgewayLF, Oasis Financial, Covered Bridge Capital, Momentum Funding, Nova Legal Funding, and more.Â What to you, is the most important criteria when searching for your Best Lawsuit Loan company? Cost. Ask every Best Â Legal Funding company that you call 3 questions:
- Do you charge fees?
- Do you compound your interest
- How much will I owe for the amount that I want to borrow after 1,2, and 3 years.
These are the questions you must ask every Lawsuit Loan company, upfront, in determining who you should borrow money from. The last questions is the most important because the answer they give you will enable you to compare apples to apples. It will also show you who the most transparent Accident Loan company is.
You see, some of these Lawsuit Loan companies might not tell you on the phone the answer to these questions. They might not reveal the answers until you are about to sign the contract. Maybe not the companies mentioned above but some companies like to hide how much you are going to owe them once you sign on the dotted lien.
Cheap Legal Funding:
At Redwood Funding Group we never charge fees in any form, ever. Moreover, we also never compound the interest rate, ever. We have one fixed rate for any amount of money that you borrow. You pay 15% of the principal amount for each six months that you have our legal funding. Finally, some want their money by Federal Express or bank wire. No problem, we only charge you what our bank or Federal express charges us and we give you the receipt to prove it!