This company made an agreement for final payment on contract and reniged on it. I am homeless and still homeless since I did not get me money I was suppose to.
This is a very bad company to use and does not care for the well being of people. They should not even be in business.
After my car accident a few months ago, I needed a little money to help ends meet because I knew I would be out of work for a while. My attorney (who I later found out worked directly with Cherokee Funding and gets a percentage) advised me to borrow funds from Cherokee Funding. I borrowed $500 (there was a $75 processing fee) even though I am located in GA as Cherokee Funding is. A total ripoff!
It is now 3/18/2018 not even 3 months after my accident and I am said to owe $900! There are charging almost 50% on a pre settlement loan due to compounding interest which my attorney did not advise me of. I am a college student being charged $900 on a $500 loan that I only needed during my time of struggle. So sad that Cherokee Funding rips off citizens who are already struggling with the aftermath of horrible car accidents.
I have reached out to a consumer investigative reporter who works with a local news station and I will be speaking with his investigative team to get to the bottom of Cherokee Funding and find others who have also been ripped off by attorneys and those who work for and with Cherokee Funding. I am ready to show the entire nation on television what a scam this company is. Consumers BEWARE! If there is any other method for you to receive funding please do so!
It has been reported that a $5,000 loan incurred a repayment of $84,000. Cherokee Funding says that cannot be true.
Well let me tell you what istrue. A $5,000 loan will turn into a $22,000 payoff. All that is required is for your attorney to file delays until the debt reaches the maximum and then your case suddenly comes to trial.
If Cherokee Funding wishes to dispute this claim I will gladly allow them to speak with our attorney.
My name is Andrea Johnson. I was referred to Cherokee Funding by my attorney Mike Hostilo. Being in a car accident for the first time I didn't know what to do. I hired my attorney first as he is a big advertiser. During the course of my case I ran into financial problems. I researched the internet and found many companies that can provide a loan against my case. I told my attorney that I wanted to use a local company called Capital Financing because they terminated interest. No one could match their rates I told him. Instead he referred me to Cherokee Funding and the scum of the earth Reid Zeising and Chris Conifer. As we are left to trust our attorneys I did what he recommended and contacted Cherokee. I first felt like something was wrong when I was not asked to sign the contract. I asked my attorney if I could review the agreement and he said don't worry I have it handled. He asked how much I needed and I said $5000.
Before I knew it without any contracts or any questions I was sent $5000. That was the good part, but wait. When time came to settle the case I owed $84,000, that's right $84,000. I immediately contacted the bar association in Georgia to report this. When I reviewed the contract I saw they charged $75 to send me money regular mail, $500 in origination fees, and all fees were added into the contract with compounding fees. If you don't know what that means, just pretend you made $5000 at work but your boss pays you 500% more. That would be great but imagine you borrow money and you owe 500% more that what you borrow. That's gangster, usuary, and illegal. After doing some research I learned both Cherokee funding and Hostilo are involved in a class action lawsuit doing the same to others. They purposely don't allow you to see the contract and I learned Cherokee has a horrible reputation in the industry. Chris Conifer has a criminal background and again will most likely end up broke and in prison after his class action lawsuit. His partner buys off attorneys according to the class action and pays attorneys to use his company. The reports claims he paid my attorney Hostilo $50k to refer his clients. What scum bags! Before you use any of these companies ask questions and don't agree to their contract if you have not read it. Do not take a loan if there is compounding interest, $75 to send money, ridiculous fees, hard to read contracts, and if it's Cherokee. They probably will be out of business before you read this but if not be aware and stay away.
Cherokee Funding Reviews
This company made an agreement for final payment on contract and reniged on it. I am homeless and still homeless since I did not get me money I was suppose to.
This is a very bad company to use and does not care for the well being of people. They should not even be in business.
After my car accident a few months ago, I needed a little money to help ends meet because I knew I would be out of work for a while. My attorney (who I later found out worked directly with Cherokee Funding and gets a percentage) advised me to borrow funds from Cherokee Funding. I borrowed $500 (there was a $75 processing fee) even though I am located in GA as Cherokee Funding is. A total ripoff!
It is now 3/18/2018 not even 3 months after my accident and I am said to owe $900! There are charging almost 50% on a pre settlement loan due to compounding interest which my attorney did not advise me of. I am a college student being charged $900 on a $500 loan that I only needed during my time of struggle. So sad that Cherokee Funding rips off citizens who are already struggling with the aftermath of horrible car accidents.
I have reached out to a consumer investigative reporter who works with a local news station and I will be speaking with his investigative team to get to the bottom of Cherokee Funding and find others who have also been ripped off by attorneys and those who work for and with Cherokee Funding. I am ready to show the entire nation on television what a scam this company is. Consumers BEWARE! If there is any other method for you to receive funding please do so!
It has been reported that a $5,000 loan incurred a repayment of $84,000. Cherokee Funding says that cannot be true.
Well let me tell you what istrue. A $5,000 loan will turn into a $22,000 payoff. All that is required is for your attorney to file delays until the debt reaches the maximum and then your case suddenly comes to trial.
If Cherokee Funding wishes to dispute this claim I will gladly allow them to speak with our attorney.
My name is Andrea Johnson. I was referred to Cherokee Funding by my attorney Mike Hostilo. Being in a car accident for the first time I didn't know what to do. I hired my attorney first as he is a big advertiser. During the course of my case I ran into financial problems. I researched the internet and found many companies that can provide a loan against my case. I told my attorney that I wanted to use a local company called Capital Financing because they terminated interest. No one could match their rates I told him. Instead he referred me to Cherokee Funding and the scum of the earth Reid Zeising and Chris Conifer. As we are left to trust our attorneys I did what he recommended and contacted Cherokee. I first felt like something was wrong when I was not asked to sign the contract. I asked my attorney if I could review the agreement and he said don't worry I have it handled. He asked how much I needed and I said $5000.
Before I knew it without any contracts or any questions I was sent $5000. That was the good part, but wait. When time came to settle the case I owed $84,000, that's right $84,000. I immediately contacted the bar association in Georgia to report this. When I reviewed the contract I saw they charged $75 to send me money regular mail, $500 in origination fees, and all fees were added into the contract with compounding fees. If you don't know what that means, just pretend you made $5000 at work but your boss pays you 500% more. That would be great but imagine you borrow money and you owe 500% more that what you borrow. That's gangster, usuary, and illegal. After doing some research I learned both Cherokee funding and Hostilo are involved in a class action lawsuit doing the same to others. They purposely don't allow you to see the contract and I learned Cherokee has a horrible reputation in the industry. Chris Conifer has a criminal background and again will most likely end up broke and in prison after his class action lawsuit. His partner buys off attorneys according to the class action and pays attorneys to use his company. The reports claims he paid my attorney Hostilo $50k to refer his clients. What scum bags! Before you use any of these companies ask questions and don't agree to their contract if you have not read it. Do not take a loan if there is compounding interest, $75 to send money, ridiculous fees, hard to read contracts, and if it's Cherokee. They probably will be out of business before you read this but if not be aware and stay away.