Q. What is the interest on the Loan ? A. First off, you are not being issued a loan and therefore
no interest is Being charged. You are receiving a cash advance
on the proceeds of your pending personal injury, workers compensation
and medical malpractice cases. The amount of the advance is
based upon the merits of you case and repayment is contingent
on the case settlement. This is a non-recourse cash advance
– if you do not win the case, then you are not required
to pay back the advance. Advance vs. Loan 1) A non-recourse Cash Advance is contingent on you receiving
a Judgment award. Loans are unconditional and require payment. 2) A Cash Advance requires no monthly payments and does not
have a term. Loans require periodic payments and terminate
at some predetermined time. 3) A Cash Advance does not have interest payments. Repayment
is based on the risk associated with the case and depending
on the estimated time of settlement. Loans have structured
interest payments and payments are unconditional ( i.e. require
a mandatory payback of the cash received ). Q. What are the fees on the Lawsuit Cash Advance? A. We offer some of the most competitive rates in the Lawsuit
Financing industry. In fact, we do not know of another company
that can get you lower fees than us. Fees vary widely in the
industry. Many of our competitors charge monthly fees as high
as 15 % per month. Each and every month until you settle.
Non-recourse litigation investment entails a high risk and
the fees must reflect this reality. After all, if this were
and easy business, banks would be eager to loan money to plaintiffs
a cheap rates, and we all know, they are not. NO FEES ARE REQUIRED TO BE PAID UP-FRONT---ALL FEES ARE CHARGED
AFTER YOUR CASE SETTLES AND PAYMENT IS MADE ON THE CASE.
The standard fee charged is 3.99 % - 5 % per month compounded
with a processing fee of $ 250- $ 500, depending upon the
complexity of the case. In addition, an origination/application
fee of 10 % will be charged. ( All
fees are payable only upon successful settlement of your case ). LOANS-The interest rates charged on loans made to Law firms
are some of the lowest in the industry. These rates are comparable
( or lower ) to rates charged by banks and will very depending
upon current economic climate NON-RECOURSE FINANCING---see
discussion above under Lawsuit Financing.
If you are interested in our Attorney Loan Program, please
call us to discuss current interest rate fees. No Fees are charged directly to you. A Net offer ( i.e. this
is the amount of cash you receive in your pocket ) is made
to you to purchase from you the amount of the inheritance
payment that you getting an advance on. Any fees ( legal,
government loan fees, etc. ) that may be payable are paid
by the company. No Fees are charged directly to you. A Net offer ( i.e.
this is the amount of cash you receive in your pocket ) is
made to you to purchase from you the amount of the Structured
Settlement payment that you getting an advance on. Any fees
( legal, government loan fees, etc. ) that may be payable
are paid by the company. |
