One of our top priorities here at Number One Funding NY is to ensure you are receiving the most competitive rates in the industry. To save you as much money as possible, WE WILL CAP your funding amount. You will NEVER pay more than twice the total advance amount!
Example: A $3,000 advance, will never pay more than $6,000 REGARDLESS OF THE LENGTH OF THE CASE. This will result in ABSOLUTELY HUGE savings for you.
Also, we charge much lower rates than other companies in our industry which can charge anywhere from 4% to 9% compounded monthly. Number One Funding NY is proud to show you our rates. Our rate is only 2.75% compounded monthly on the advanced money. With our lower rates, we help plaintiffs keep a larger portion of their net settlement or financial reward. Keep in mind with litigation funding we do not get paid unless the case has been settled or if there was another financial recovery. We assume all the risk while you receive money now! Moreover, we have among the lowest application fees. Our application fee is only 10% of the funded amount and NEVER greater than $500, REGARDLESS of the amount funded. This fee is added to the financed amount.
| Company A (NO CAP) |
Company B (NO CAP) |
Number One Funding NY (WITH CAP) |
|
|---|---|---|---|
| Rate | 4% (Compounded monthly) |
6% (Compounded monthly) |
2,75% (Compounded monthly) |
| Payoff in 6 months | $12,653,19 | $14,185,19 | $11,767,68 |
| Cost After 12 months | $16,010,32 | $20,121,96 | $13,847,84 |
| Cost After 18 months | $20,258,17 | $28,543,39 | $16,295,70 |
| Cost After 24 months | $25,633,04 | $40,489,35 | $19,176,26 |
| Cost After 27 months | $28,833,69 | $48,223,46 | $20,000,00 |
| Cost After 33 months | $36,483,81 | $68,405,90 | Any time thereafter |
| Cost After 36 months | $41,039,33 | $81,472,52 | $20,000,00 |
| Payoff amount will continue to increase for Company A & Company B based on the length of the case. | Regardless of the length of the case | ||