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Lawsuit loans

Lawsuit loans are completely unregulated in almost all states, which means that interest rates and fees can be obscured, and companies aren’t required to provide transparent pricing information. The companies claim not to be lenders and should not be regulated as such since they will get nothing if the case loses. If the case is won, the plaintiffs get their settlement minus the attorney’s fees and the balance due to the lawsuit pre-settlement funding company. The balance due the company is often shocking because rates and fees were glossed over or explained in ways that were misleading.

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