Each and every one of these pre-settlement funding companies will tell you that they have the lowest rate, the fastest turnaround, and can get you the most money.
Many companies say that they’re #1 rated or the best lawsuit loan company. They can’t all be right, so how do you sift through fact and fiction?
Finding the best lawsuit loan companies
The best lawsuit loan company is not necessarily the one that shows up on your TV or first on a Google search.
Research pre-settlement funding
The pre-settlement funding industry is unlike any other. There is very little regulation and a huge information mismatch between plaintiffs and cash advance companies.
Unless you’re an accomplished personal injury attorney or big-wig finance guy, it can be tough to understand the true risk profile of your personal injury case or the base-line value.
Look into which funding companies have the lowest rates for settlement loans. See if the type of injury you sustained is covered by their policy.
How quickly can the company get you your settlement funding, is it in 24 hours or longer? Do they cover claims such as medical malpractice lawsuits, FELA, and car accidents? Does the company follow simple rates or compound rates?