Lawsuit loan rates are something that many clients are initially concerned about and these rates and fees are always stated upfront and discussed with anyone looking for a lawsuit loan on their lawsuit. Lawsuit loan rates vary between cases and a number of different factors, which are always explained and highlighted.
The main factors that determine lawsuit loan rates are:
- The type of lawsuit
- Stage of lawsuit
- Underwriters evaluation
- Case Difficulty
- Expected settlement amount
- Degree of injuries suffered
If a case is very early in the legal process then rates are slightly higher than they would be for settled cases – which would have the lowest rates applied. It also depends on the level of injuries – so cases where there were severe damages or malpractice would receive a lower rate.
Case Cash funding always provides clients with a schedule of the rate and expected payoff. Plaintiffs will have full access to this and would be able to have a very clear and transparent view of what they will owe on their lawsuit cash advance.
The main reason that lawsuit loan rates are higher than traditional lending avenues is the amount of risk involved and the non recourse nature of lawsuit funding. The lawsuit loan company bears all of the risk and if the case is lost, there is nothing for the plaintiff to repay.
Case Cash Funding has a clear policy and is flexible with all of the rates that we provide. We are able to adjust our rates to the particular case and are always competitive and fair. We also always make the client completely aware of the amortization schedule so that there are never any surprises. Early payoff is also possible to reduce the amount of interest that accrues.
Apply online to see if your case qualifies or talk to us about the lawsuit loan rates for your particular case. Call Toll free on 1-800-795-9692 or apply online today! We are always available to help and discuss your situation further.
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