One of the most common complaints about plaintiff funding is the lack of transparency when it comes to fees–injured clients may think the cost for funding is one amount only to find that the all-in cost is actually significantly higher when all is said and done. Compounded Fees Add Up: Many people have a hard … [Read more…]
For injured clients who can’t work and are unable to pay their bills, the last thing they often expect is to be able to successfully secure funding to hold them over until their case settles. After all, what lender would loan money to someone with little or no cash reserves, a potentially declining credit score … [Read more…]
It happens to just about everyone–spend too much during the holidays for gifts, food, travel and other out-of-the-ordinary expenses–and one can find themselves facing mounting bills in January. For clients who cannot work because of an accident or injury, paying those holiday bills can be even more difficult. Keep Collection Agencies Away. If your clients … [Read more…]
The holidays are here. It’s a time when family and friends gather to celebrate the season. Unfortunately, for those injured in an auto or premise injury, the holidays — and the expenses associated with them — can be overwhelming. If your client is injured through no fault of their own, waiting for a settlement payout … [Read more…]
Sometimes, requests for plaintiff funding occur when an injured client needs cash for only a few months until the case settles. In other cases, however, usually involving higher injury claims, litigation can take much longer. In these situations, funding can often play a key role in the settlement process and help the injured plaintiff receive … [Read more…]
Clients who are injured in an accident through no fault of their own are often in a vulnerable position. For clients who live paycheck to paycheck, being unable to work for even a short amount of time can mean financial ruin. They are suddenly pressed into making immediate decisions to assure that they are able … [Read more…]
Clients who seek plaintiff funding typically need money fast. A physical injury or damaged car can keep them from working and collecting a paycheck. When savings are gone and they have nowhere else to turn to pay for day-to-day living expenses, plaintiff funding can be their only option. The last thing plaintiffs need in this … [Read more…]
Your client has a solid personal injury case. His car was rear ended by a driver who was busy texting instead of watching the road. It’s just a matter of time before the case settles and the client is compensated for time off work while he recovers from injuries sustained from the accident. Unfortunately, your … [Read more…]
Plaintiff funding, while seemingly a straightforward concept, can be confusing to clients especially when they are presented with unfamiliar financial terminology and complex contracts. When there is confusion, there is a higher likelihood of unmet expectations. Most grievances about plaintiff funding costs occur when plaintiffs are surprised at the cost of the advance upon settlement. … [Read more…]
There are a multitude of companies offering pre-settlement advances to injured clients. One of the major differences among them is the way rates and fees are charged and calculated. Many legal funding companies opt for a misleading methodology in quoting their costs, which can cause tension between attorneys and clients at settlement time. Of course, … [Read more…]