Compounding interest on plaintiff funding can mean less funds for the injured client once a case settles.
Plaintiff funding companies are typically interested in a few simple issues, all related to the client's case.
Plaintiff funding is one way to reduce the financial pressure and enable your clients to better enjoy the holidays.
For those who live paycheck to paycheck, being unable to work for even a short amount of time can mean financial ruin--Rockpoint Legal Funding
The last thing plaintiffs need in this situation is a delay in funding. Prompt funding can mean the difference between keeping financial obligations current and drowning in debt.
When clients know upfront exactly how much they will be paying for their advance, it is far less likely that there will be any surprises or unmet expectations.
Some litigation funding companies advertise low-interest rates (2% to 4%) but if you read the fine print, you see that these are monthly rates (not annual rates) and many charge high origination, case handling and underwriting fees--often burying fee verbiage in the small print of the contract.
Pre-settlement funding is one way to level the litigation playing field. When injured clients have funds available to pay for living expenses while their case is being resolved, they are less likely to push for an early settlement that is not in their best interest.