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What is compounded interest?

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What is compounded interest?

Basically that means that each month interest is charged on the new balance. For example if you start with $100 and a 3% interest rate, after the first month you would be charged $3. This brings your total balance to $103.

The following month you will be charged 3% of $103, and so on, each month until your case settles. Once we know exactly what you’re approved for we can give you a month by month breakdown of payback figures that you will be able to review before you have made any decisions.

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over $200,000,000 in cases
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*If you qualify. Not everyone who applies gets approved. If approved, you might get approved for a different amount then applied for. Speed of funding is dependent on how quickly we receive necessary information required for underwriting. Not available on all states.