Avoid High Rates and Fees
When looking for good pre settlement funding companies in St. Petersburg, Florida, the first thing you have to watch out for are higher rates and fees. As you should have noticed, a lot of companies today are very competitive with their rates and they try to lower their application and interest fees. As much as you can, avoid the higher costs and stick to the lower costs. For example, you have borrowed $1,000. It is totally understandable if you are going to pay $1,300 and no longer acceptable if you go as high as $2,200. Always ask the company as much as you can. Take note of their answers carefully and if they cannot provide a clear answer, then they should be out of your list.
Application Fees Should be Free
If you check pre settlement funding companies in St. Petersburg, Florida, their application fees should be free. If you do a research, almost all of them are. There might be some companies that still charged them. If you want to learn more about a company that charges the application fee, you can always negotiate with them and ask them if the fee can be waived. Always express your concerns to make sure that both parties are on the same page and that there are no misunderstandings.
Let Your Lawyer Participate
Each time you talk with pre settlement funding companies in St. Petersburg, Florida, make sure that you have your lawyer participate in the discussions. They can help you in the negotiations and can explain to you anything that you don’t understand or need further explanation on lawsuits, especially if your case is complicated like real estate cases or Fela cases. Having your lawyer around can ensure you that you are not being tricked by the company. Your lawyer can also help you make better decisions.
Be Careful With Conflicts of Interests
This does not happen often, but it can still happen to you. Check for any conflict of interests with the company and yourself. Be sure they are not affiliated financially with your medical insurance or even the lawyer involved in your lawsuit. Be careful with your decisions and actions because they can greatly affect the process of your settlement loans.
Now that you know what to do, it’s time you start looking for the right settlement funding company for you. To give you a good start, the company, Pre-Settlement Funding Loans is recognized for their lower rates and lower interest loans. Their application process is also easier and faster.