Funding Solutions

Wednesday, September 13, 2006

Non-Recourse Funding

Non recourse funding means that there is no risk to you. It means the funder assumes all the risk in the case that whatever you are taking a loan or funding against falls through. If you are trying to settle a lawsuit, and take out an advance against the lawsuit, but then you end up not winning the lawsuit, and it doesn't
pay - non-recourse funding means you do not have to repay the advance or loan. These types of conditions are rare in most lending situations, but should exist on a lawsuit advance agreement. Make sure you work with a funding company that offers non-recourse funding for lawsuit advances, or you can get stuck with paying back something you cannot pay back. There are plenty of other funders to contact that
do offer non-recourse advances, so don't get locked into one that doesn't.

We offer non-recourse funding for lawsuit and insurance advances.
http://www.advancelawsuitfunding.com or call 888-414-4260

Thursday, September 07, 2006

Calling in Checks?

Be careful when you call in a check, or when inputing onto a secure order site. You need to be very careful to write or repeat the check routing numbers from the bottom of the check correctly. The routing numbers must be exact or your charge may never go through, not to mention you might send it to another account, which will, at some point, investigate you and you may be liable for the bad transaction, not to mention getting a late charge dinged onto the payment from the company you tried to pay.

You need to make sure that the check number on the top right matches the last of the routing numbers on the bottom of the check. If it doesn't, the payment again won't go through on a physical check you turn in somewhere.

Check your balances carefully with each payment you make. If payment was made through a website, or given over the phone, the person who keys in the check payments may get the numbers wrong by mistake. This happened to me on a $99
check that was actually cashed for $990.20 - and my account was overdrawn! There was a lot of hassling to correct the mistake, and get funds wired back in to cover the costs of the other incoming checks I had outstanding, coming in. Be certain that most institutions will not work this fast, and will not wire the funds back so quickly - it is likely an investigation will take longer and will take longer to reconcile a refund to your account.

Make sure that anyone who has regularly cashed your check payments, whether on a monthly basis or on a single transaction, has the correct routing number and amount. Check your accounts to make sure the checks are cashed in the amounts you authorize, and make sure that it is cashed within days of your expectation of it cashing - to make sure the payment has gone through as expected.

Read more about funding situations at http://www.doubleii.com/fundingsolutionsletter.html