LAWSUIT LOAN COSTS, FEES AND RATES
With the amount of freedom a Lawsuit Loan provides to an individual, one would assume that the interest rates are astronomical, especially since the cash providers are risking thousands of dollars on a case that could end in defeat. Another reason to assume Lawsuit Loans are too good to be affordable is that they do not require employment verification, credit check, or background information on the individual receiving the advance. Also, as previously mentioned in
how_lawsuit_loans_work Lawsuit Loans are non-recourse loans, so if the plaintiff l loses the case, he or she still can keep all the funds received from the Lawsuit Loan provider.
Despite these advantages, lawsuit loan interest rates are surprisingly low, mainly due to the number of companies in the marketplace. Savvy consumers flock to institutions that provide them with the best interest rate possible, and those that scam their clients with false numbers and hope eventually stop seeing customers as word spreads in the legal community. Still, even some reputable lenders will charge about 10% interest every six months and then also add in a yearly interest rate capped at 20%. For example, if a plaintiff requested $10,000, they would owe $1,000 in interest at the end of six months. This is not the best policy for plaintiffs. If a plaintiff's case settles in 1 or 2 months, the plaintiff will still be forced to pay fees for a 6 month period. Thankfully, companies like Global Financial employ a monthly fee that is calculated on a daily basis so plaintiffs only pay fees up to the settlement or judgment date in their case.
Speak with your lawyer about your case.
Consult with your attorney to learn more about how long your particular lawsuit may take. Unless you reach a settlement out of court (which could mean a much lesser settlement) it could take a few years for your case to finalize. If you feel strongly that your settlement is valid and worth pursuing the long haul, then a
Lawsuit Loan may be an option for you, while you await your settlement. With Global Financial Credit, LLC the interest rate is 2.99% and the best part is that if you lose your case you owe nothing. Contact Global Financial Credit, LLC today at 866-709-1100 or apply below. The application process takes just 30 seconds and we DO NOT require credit checks or income verification.
The information contained in this article is not, nor is it intended to be, legal advice as Global Financial is not a law firm. You should always consult an attorney for advice regarding your individual situation.
Contact Global Financial Credit, LLC today at 866-709-1100 or apply below.
categories: lawsuit settlement cash