Using a cosigner for a personal loan

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Using a cosigner for a personal loan

You will owe the lender the principal of 25,000, but the funding fee will balloon to 32,000. In that case, the lender will receive the principal of 25,000 and the remaining 25,000 of the settlement. That leaves a deficit of 7,000. You won't get anything from the lawsuit settlement, but you don't have to repay the 7,000 to the lawsuit lending company.

100,000 Settlement amount. - 50,000 Attorneys fee, litigation expenses, and medical liens.

Using a cosigner for a personal loan

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Using a cosigner for a personal loan