Am I eligible for your services based on my specific case?
Almost all negligence cases are considered for funding. Other cases include discrimination, wrongful termination and contract disputes. Most personal injury cases are good candidates for lawsuit funding.
Do you fund Workers Compensation Claims?
Yes, we fund workers compensation claims cases in many states. However, some states are NOT eligible for funding. Please inquire with us directly by filling out the application form on the submission page.
Is the advance a Loan in which I must eventually pay back?
Lawsuit funding are NOT loans in the traditional sense. Traditional loans imply repayment at some point in the future. Lawsuit loans are only repaid if the case is successful and only out of the recovery.
More information about the difference between lawsuit loans and traditional loans can be found on this website.
How does the process work and how long does it take?
The lawsuit loan process through Fair Rate Funding is very simple.
1. Fill out the Quick Application. Or give us a call.
2. We will contact you the same day to discuss your case – please provide accurate information.
3. With your approval, we will discuss your case with your attorney (pre-settlement funding works with your attorney’s cooperation).
4. When your case is approved for cash advance, we will immediately prepare a document for your signature.
Lawsuit loans can take as little as one business day but can take longer. For more information on how pre-settlement funding works with your attorney’s cooperation
Is this a legal/ethical service that you provide?
Lawsuit funding allows individuals to enter into agreements to suit their needs. Lawsuit funding contracts clearly outline terms and repayment amounts. This way, all parties know what they are agreeing to. Nothing can be more ethical than allowing free individuals decide what is in their own best interests.
How expensive or costly is this to me?
Each case is unique and cost can vary. We generally charge as little as 18% on the contract amount every six months. Although costs tend to be more expensive than traditional loans, the risk is higher as well. More information on lawsuit loan rates and lawsuit loan cost can be found on this website.
What is the minimum/maximum advance that I can take?
The minimum cash advance amount is $500. There is NO maximum amount but lawsuit advances are limited by our evaluation of the case and its estimated recovery.
Do you have the ability to make legal decisions involving my case?
Fair Rate Funding is not your attorney and cannot offer any legal advice on how your case is handled. We simply want to give you the financial strength to endure the litigation process. We do not and will not get involved with the decisions you make with regard to your case.
Are all of my records kept confidential?
Fair Rate Funding only uses your records in order to process your case for funding. Your information is only shared with our underwriters and other funding companies to verify information that pertains to your case. All information other than that is kept strictly confidential and is NOT shared with any other parties.
Are there any specific restrictions on what I can use the money for?
The advance is given to you to use at your own discretion. There are NO restrictions on your use of lawsuit loans.
Can I receive additional money even if I have already received an advance?
Yes, multiple lawsuit loans are common so you can receive more money if you already received an advance. How much depends on the expected value of your case and our independent underwriting evaluation.
Does my attorney need to be involved?
Although you do NOT need approval from your attorney to take a lawsuit advance, they do need to participate in the process in a limited way. At the very least, your attorney must acknowledge the lawsuit advance.
Do I need approval from my attorney in order to take an advance?
Technically, you do NOT need approval from your attorney to take an advance. Your lawyer does need to sign off on the contract and agree to abide by the terms of the agreement.
How do I begin the process of “advance funding” from my case?
To begin the “funding process” simply complete the application form on the bottom of this page, and an experienced agent will call you shortly. Or feel free to call us directly at one of our listed outlets.
Are lawsuit loans safe?
Certain types of rate and contract structures are safer than others. Safe lawsuit loans are dependent upon you winning your case and repayment should be calculated under a simple interest lawsuit loan rate structure.
