- June 9, 2020
Redwood Funding is the only Legal Funding company that offers funding with No fees, No compound interest and one fixed rate of 15% every six months. We are so sure that we have the lowest rates that we have a repayment chart on our website for you to easily compare.
There are many great Lawsuit Funding companies to choose from. Some of them are Uplift Legal Funding, Oasis Financial, BridgewayLF & FundMyLawsuitNow. However, if you are considering Legal Funding you must look into the best possible deal you can find.
In every Lawsuit Loan you only pay back money if you win or settle. Conversely, if you lose your case, you will owe the Legal Funding company nothing. Accidents can be devastating. Not only do you have to deal with your medical injuries but now you have new bills to pay for. You probably have hospital and doctor bills but also transportation and prescription drug bills. In addition, you have your regular rent, telephone, computer and food bills. Hence, if you are badly injured and out of work how are you going to pay those bills.
Better Lawsuit Funding:
A Legal Funding from Uplift Legal Funding or any of these companies can help pay off those bills and give you some breathing room to fight for your lawsuit. Notably, why do you need breathing room to fight for your lawsuit? Because the insurance companies are doing everything in their power to delay and deny you your day in court. Furthermore, they do this both to earn interest on the money they arn’t paying you and because they know the longer they delay the more likely you will settle for less.
Legal Funding companies are prepared to fund all types of accidents: pedestrian accidents, bike accidents, motorcycle accidents, slip/fall accidents, construction accidents and the most common, car accidents. To qualify for a loan all you need to do is fill out an Application or call your Legal Funding company. You will probably qualify for the loan if the accident was not your fault and if you have a decent injury.
How to Choose a Accident Funding Co:
- Do you charge fees? Most Lawsuit Funding companies charge an application, underwriting or processing fee. Moreover, some companies also charge a closing or management during and at the end of the lawsuit. These fees can be as high as $500 for the amount of money you borrow. Finally beware of companies that add the fee to the principal and make you responsible for interest on that total.
- Do you compound your interest? If you are going to pay a straight fixed interest rate of 10% on a $1,000 you know you will owe an extra $100. However, if the interest in 2.99% monthly compounded, how much will you owe after one year? About 75% of your principal. What this means is that after 1 and 1/2 years you are owing double of what your original loan was. Beware of companies that charge monthly compound interest.
- Exactly how much will I owe after 1,2 and 3 years? If the Legal Funding company that you are reviewing does not give you a straight answer to this question, hang up. If you don’t get an answer they probably have something to hide. Look for companies that show in plain English exactly how much you will owe back to them at any given time.
Redwood Funding Group:
Redwood Funding Group is one of those special companies. We never charge fees in any form, ever. Moreover, we do not compound the interest rate. It is very simple. Redwood Funding charges 15% interest for every six months that you have the money. We are so confident that you will not find a cheaper or Better Lawsuit Loans company in the country, that we put our repayment chart right on our home page of this website.
Better Lawsuit Loans:
Start with Applying right here or call (212) 349 2844.