There has always been a push to regulate settlement funding also known as lawsuit loans or lawsuit funding. Proponents argue lawsuit loans are too expensive and can take advantage of an unsuspecting public. Opponents state that lawsuit funding self regulates through basic free market mechanisms. Regulation arguments are not unique to ...
Pre-settlement funding has seen its share of criticism over the years. Opponents are quick to point out the business' shortcomings to promote their various agendas. This post will explore some common pre-settlement funding myths. Pre-settlement Funding is for the Full Value of the Damages One of the most common pre-settlement funding myths ...
Lawsuit finance, otherwise known as a case loan, lawsuit cash advance, lawsuit funding or case funding is a complex business providing upfront cash now against the future proceeds of a claim for damages. Since every case is different, each case must be evaluated thoroughly and carefully. The vast majority of cases ...
The answer to the above question comes up a great deal in day to day business in the lawsuit loan industry. More goes into underwriting a lawsuit loan application than most people realize. Analyzing case specific fact patterns, applicable laws, insurance issues, complex damages, and a host of other legal dynamics ...
The mission of lawsuit funding companies is to provide cash now to plaintiffs who cannot afford to wait out the sometimes long and drawn out litigation process. For many litigants, lawsuit funding companies provide enough relief so they are not forced to accept a lesser settlement offer for financial reasons. One ...
Lawsuit loan companies receive applications for a wide variety of lawsuits. By far the most common lawsuit funding transactions involve automobile accidents. Since many of the most populated states have "no-fault" insurance laws, lawsuit loans in no-fault states represent a large amount of advances processed industry wide. This post will discuss ...
ement fuement Much has been written about the efforts of certain “citizens” groups calling for lawsuit funding regulation. Critics point to “usurious” rates charged to clients who enter into lawsuit funding transactions. These arguments prey on readers’ sensibilities and serve to support the knee jerk reaction of calling for lawsuit ...
On occasion, we are asked what benefits a lawsuit settlement funding company can offer personal injury attorneys whose clients need of lawsuit settlement funding. That is, clients who have an immediate need for cash but who have already exhausted or otherwise do not have other avenues of cash currently available ...
Settlement loans are sometimes called "lawsuit loans" by the public. Unlike a real "loan", settlement loans are typically structured as an assignment of the future proceeds of a successful lawsuit, if any. Over the years, transactions which involve third parties’ entitlement to the lawsuits of others have been treated in ...