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What Every Client Wants to Know...

What Will This Advance Cost Me?

Fees and Costs – The only negative aspect about this whole process…

In my experience, the biggest concern for clients: “what will this money cost me?”

Our money is expensive.  There is no other honest way to describe the cost of our money.  Yes we offer the lowest cost and most competitive rates within our industry, but our money is still expensive.

If you can get money from friends or family it will be more affordable.  Our money is more expensive than a traditional bank loan.  Our lawsuit advances are often priced similar to high interest rate credit cards.  However, unlike a credit card, our money has no monthly payments.

Our money is expensive because we are assuming all the risk of your lawsuit not paying out as hoped.  Remember if your lawsuit loses, you owe us nothing.  And we lose all the money invested in your case.  You risk nothing, we risk everything.

In general, our lawsuit advances will cost between 2% to 5% per month.  Note the rate will be fixed, it is not adjustable and not variable.  Your actual rate will depend upon your case type and the details of your case, including how experienced your attorney is.  Your actual “fee schedule” is always plainly disclosed in your contract. 

Occasionally a client will call us stating our money is expensive.  And we agree.  Remember, you are in control.  If we approve you for a lawsuit advance and you feel the fees are too high, you are always completely free to walk-away with no costs incurred to you.  Remember we have no up-front fees or costs.  No application fees and no credit checks.

And a key point of differentiation from our competitors…our competitors will never disclose their fee structure up-front.  We are different.  We want our clients and to be completely aware of the fees/costs involved.   In an effort to help educate you around this issue, below are two tables showing our standard fee structures.  The only “catch” here, is our fees are subject to change and your particular fee structure will be dependent upon your case’s unique circumstances.

Below is a table showing our typical pricing:

You’ll note in the above table, how fees will vary depending upon the case type.  This occurs because certain cases have a higher probability of successful settlement.  For example, auto accident cases are more easily settled than medical malpractice cases.  Also we call the percentages “Growth Rates” and not “Interest Rates”.  A reminder, your actual fees will depend upon your own unique situation.

In addition to the above pricing method, we also have an alternative pricing method available.  Below is an example showing the pricing for a $5,000 lawsuit cash advance using this other alternative pricing method:  

The pay-off amount listed in the above table includes paying back the original $5,000 advance plus our fees.  Timing of the pay-off will depend upon when your lawsuit wins at trial or settles.  A reminder, your actual fees will depend upon your lawsuit's own unique situation.

In addition, to the pricing tables above, there are two other fees which are common on most of our loans, advances, and funding agreements (contracts). 

The first is a flat fixed “processing fee” of $250 to $375, depending upon your cases complexity.  By a flat fixed fee, we mean this fee does not vary with the size of the advance.  For example, this fee would be the same for a $1,000 advance or a $100,000 advance.

The second fee common to our contracts is an “origination fee”.  This fee will vary by the size of the advance.  It typically is 15% of the advance amount to you the client (and can vary from 8% on the low end to 20% on the high end).

However, keep in mind, with both of these fees you are not required to pay them up-front when we advance you the money.  These fees along with the advance amount are only paid-off when your case settles in the future, from your settlement proceeds, which your attorney will be responsible for disbursing.

We guarantee you the lowest rates in the Lawsuit Funding industry.  Please see our Performance Guarantee.  And as our Lawsuit Funding industry matures, it will become more competitive which in the end will drive fees down and benefit future consumers.

However, despite the costs, our Lawsuit Advances can do more than just relieve your immediate financial stress…As a Plaintiff (that’s you)  you may be up against a Defendant with deep pockets, who can strain your finances to the limit.  This is why insurance companies do their best to drag cases out for so long, because they know the longer you have to wait, the more desperate you’ll become, and the more likely you’ll accept a smaller offer.  (The Defendant is the party you are suing.)

A Lawsuit Advance will help you avoid feeling pressured to accept a settlement too early, for too little.

In effect, we level the playing field.  Defendants may have huge financial resources to mount their legal defense and now you can level the playing field with access to our money.  Lawsuit Funding buys you time by providing the money you need now. And it gives your lawyer more time to work on your case to get a bigger settlement or judgment at trial.

Request Money Now with our easy, quick, and free online application process.

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* See our Lawsuit Loan Disclaimers & Clarifications