Anatomy of the Perfect Lawsuit Loan
What is a Perfect Lawsuit Loan? A lawsuit loan is a financial transaction where a plaintiff receives a portion of the future proceeds prior to settlement. The money is advanced by a lawsuit funding company in search of the perfect lawsuit loan. That is, the perfect case that will likely succeed and make the lawsuit loan business money. At Fair Rate Funding, we get requests from ...
DetailsTop 5 Personal Injury Law Firms in New Jersey for 2022
At Fair Rate Funding, we provide plaintiffs and their attorneys the means to endure a sometimes long, drawn out litigation process. We’ve been in business since 2007 and are legal professionals ourselves. We have seen literally thousands of cases during our careers. That experience gives us a unique insight into the personal injury game. In this article, we discuss the 5 best pe...
DetailsAre Pre-Settlement Loans Safe?
We are often asked whether pre-settlement loans are safe. Considering all the opinions available, we are not surprised plaintiffs are concerned. In this article, we breakdown why we feel plaintiffs have these concerns and answer them in detail. If after reading below, you still have questions, please contact us directly if you feel we left anything out of the discuss...
DetailsDoes My Attorney Need to Approve My Lawsuit Loan?
Attorney Approval Not Required, But Strongly Recommended Lawsuits take time to properly pursue. Many cases take years to settle. Fair Rate Funding can be an ally in the pursuit of justice on your behalf. We often provide better value to our customers when we have a good relationship with your legal counsel. In this post, we discuss whether your attorney needs to appr...
DetailsSimple v Compounding Rates in Legal Funding
The legal funding loan industry operates in many jurisdictions in an unregulated marketplace. Accordingly, lawsuit loan rates can vary. Most competitive legal funding loan rate structures, for preferred cases, charge roughly 36% a year. The charges can be calculated either “simple” or “compounded”. This post will explain the differences between the two lawsuit loan rate...
DetailsLawsuit Loan Approvals – What You Need to Know
I've Got a Million Dollar Case! Why Can't I Get a Lawsuit Loan Approval for the Amount I Need? Maybe you have been trying to secure a lawsuit loan approval for your case but have been unable to do so. Your attorney tells you he is confident in the case and that you are going to receive a sizable award. Yet your attempts fail and you cannot understand why lawsuit funding compani...
DetailsWhat is a Letter of Protection (LOP)?
Letters of Protection - What You Need to Know An LOP is an acronym for Letter of Protection often given by personal injury attorneys in return for services performed for their clients in anticipation of settlement. This post will discuss letters of protection, what they are, why they are used and how they compare with other options available in the marketplace. Letter of Prote...
DetailsLawsuit Loan Delays – Causes, Concerns and Remedies
Understanding Delays in the Processing of Lawsuit Loans Many companies advertise same day lawsuit funding. Yet lawsuit loan delays are often misunderstood. This post will discuss lawsuit loan delays, why they occur and how to avoid them. Lawsuit Loan Industry Basics The lawsuit loan industry is a complex business providing immediate cash now in return for a portion of the...
DetailsUnderstanding Lawsuit Loan Information
Lawsuit Loan Information – What is Needed? You already know the answer. . . It depends! What does it depend on? The lawsuit loan information needed depends on: Type of CaseStage of the ProceedingsAnd a host of other factors, depending on the answers to 1 and 2. What You Really Want to Know About Lawsuit Loan Information For your typical lawsuit loan, such as ...
DetailsSettlement Loan Myths – Don’t Be Fooled
Exploring the Top 3 Settlement Loan Myths Settlement loan myths pervade the legal landscape perhaps mostly because settlement loans have many critics. Most oppose lawsuit funding to promote their own agendas such as tort reform, a reduction in insurance claims or restricted access to the judicial system. Because of this, it is necessary to dispel some common settlement loan myths. ...
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