What Can Lenders Charge for Lawsuit Loans?

There are almost no restrictions on how much lenders can charge for lawsuit loans or what they can say in their advertising. One lender may market the product as a “loan” while another lender calls it an “advance.”

If you must have cash while your injury case is pending, consider the alternatives to a lawsuit loan insurance proceeds, disability payments, or even a personal loan from a friend or a relative. Your bank or credit union might be able to make an instalment loan available.

Also read about, low rate car accident settlement loans

If you must have a lawsuit loan, make certain that your lender fully discloses the conditions and terms and that you completely understand what you’re signing. Before you apply for a lawsuit loan, and before you consent to sign anything, discuss your options with your injury lawyer.

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