Does 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. ...
DetailsPersonal Injury Settlement Loans and Inflationary Concerns
Inflation to Hit Personal Injury Plaintiffs Hard There is no shortage of news these days regarding an overall increase in price levels throughout the economy. Prices for essentials such as gasoline, groceries and other items have increased dramatically in the last 12 months. Personal injury settlement loan customers can expect the same to continue. In response, the government ...
DetailsSettlement Loans Same Day
Same Day Settlement Loans Lawsuit loan companies advertise settlement loans on the same day the plaintiff applies for assistance. While same day settlement loans do occur, most lawsuit loans are funded within several days of application. Below we discuss the ability of applicants to secure settlement loans the same day as they first apply. People use same day settlement loa...
DetailsCorona Virus Complications – State Courts See Delays
The Effect of Covid-19 on Personal Injury Law and Lawsuit Funding As lawsuit “funders”, we are plaintiff advocates. As such, we keep abreast of any developments in the justice system as they pertain to personal injury or other types of civil cases. The current climate surrounding the Covid-19 outbreak and response impacts the legal system and its participants. This post will disc...
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