Low Interest Lawsuit Loans – A Discussion
There is a great deal of talk about certain companies offering low interest lawsuit loans more than others. Much of it is used as marketing to separate one company from another. Let's face it - money is money. So lawsuit funding companies have to differentiate themselves somehow. Some do this by pronouncing they offer low interest lawsuit loans to the public. Th...
DetailsSettlement Funding Regulation
Unexpected Consequences With Settlement Funding Regulation There has always been a push settlement funding regulation 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 lawsuit funding self regulates through basic free market mechanisms. Regulation arguments are not un...
DetailsWhat Does a Case Loan Cost?
Case Loan Cost Questions Answered Case loan cost questions arise daily in the lawsuit funding business. Often, customers are surprised at the "cost" of a case loan, since charges are usually more than a car loan or mortgage note. This post will examine case loan cost in more detail. Case Loans - a Unique Investment Vehicle The pre-settlement cash advances or "case loans" ...
DetailsCase Loans – A Need for Information
Why Information is a Necessary Ingredient in Case Loans Case loans, otherwise known as lawsuit loans, lawsuit cash advances, lawsuit funding or case funding is a complex business providing upfront cash now against the future proceeds of a claim for damages. In this post, we examine the need for information when funding enterprises offer case loans to plaintiffs. What is a Case ...
DetailsSettlement Funding Underwriters
Who is Evaluating My Lawsuit Loan Application? The answer to the above question comes up a great deal in day to day business in the lawsuit loan industry. More goes into being a settlement funding underwriter than most people realize. Analyzing case specific fact patterns, applicable laws, insurance issues, complex damages, and a host of other legal dynamics is the job of the s...
DetailsLawsuit Funding Companies – Meeting the Mission
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 obvious example is the severely injured plaintiff in an automobile acciden...
DetailsLawsuit Loans In “No-Fault” States
Lawsuit Loans In "No-Fault" States - An Analysis 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 ...
DetailsSettlement Loan Regulation
What Does Settlement Loan Regulation Cost? 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 settl...
DetailsFive Things Lawyers Should Know About Lawsuit Funding
What Lawyers Should Know About Lawsuit Settlement Funding On occasion, we are asked what benefits a lawsuit settlement funding company can offer personal injury attorneys whose clients need 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 to them. Even the best lawsui...
DetailsSettlement Loans and the Doctrine of Champerty
Lawsuit Loans and the Champerty Legal Doctrine 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 vari...
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