Costs & Fees
Every Client Wants to Know...
What This Will Cost Them ?
Costs and Fees – This is the only negative part about our process…
Usually, the biggest question for clients is: “what will this advance cost?”
Our money is expensive. Really...there isn't any otherway to describe the cost of the money.We offer some of the lowest and most competitive rates within the industry, but it is still expensive. Because we are brokers, it will, of course, depend on which underwriter offers the best terms for your case.
Getting money from friends or family is often more affordable, but not always readily available, plus you may not want to ask friends or family. Often they can't give any more than what they already have. The money is more expensive than a traditional bank loan. Lawsuit advances are often priced similar to high interest rate credit cards. Unlike a credit card, our money has no monthly payments that have to be made while you await your settlement.
Our money is expensive because our investors are assuming all the risk of your lawsuit not paying out as hoped. Remember if your lawsuit loses, you owe us nothing. And we lose all the money invested in your case. You risk nothing, we risk everything.
Lawsuit advances will cost between 2.99% to 5.99% per month. The rate is fixed... it is not adjustable and not variable. Your actual rate will depend upon your case type and the details of your case, including how experienced your attorney is. Your actual “fee schedule” is always plainly disclosed in your contract, and you have the option of either accepting or rejecting the terms.
Sometimes, a client will call us stating our money is too expensive.We do agree. Remember, you are in control. If we approve you for a lawsuit advance and you feel the fees are too high, you are always free to walk-away with no costs incurred to you.Remember we have no up-front fees or out of pocket expenses and no credit checks.
In an effort to help educate you about this issue, below are two tables showing our standard fee structures. The only “catch” here, is our fees are subject to change and your particular fee structure will be dependent upon your case’s unique circumstances.
Below is a table showing our typical pricing:
| Type of Case |
Typical Range of Fees |
| Auto Accidents |
2.50% to 3.99% |
| Premises Liability |
2.50% to 4.99% |
| Medical Malpractice |
3.50% to 5.99% |
| Commercial Litigation |
3.50% to 4.99% |
| Settled Cases |
2.00% to 2.99% |
Please Note: All rates are compounded monthly.
In the above table, notice how fees vary depending upon the case type.This is because certain cases have a higher probability of successful settlement. For example, auto accident cases are more easily settled than medical malpractice cases. Also we call the percentages “Growth Rates” and not “Interest Rates”. A reminder, your actual fees will depend upon your own personal situation.
In addition to the above pricing method, we also have an alternative *flat fee pricing method. Not all of our underwriters offer flat fee pricing. Below is an example showing the pricing for a $5,000 lawsuit cash advance using this flat fee pricing method:
| Time |
Multiple |
Pay-Off Amount, $ |
| 0 – 6 Months |
1.4 |
$ 7,000 |
| 7 – 12 Months |
1.6 |
$ 8,000 |
| 13 – 18 Months |
2.0 |
$ 10,000 |
| 19 – 24 Months |
2.4 |
$ 12,000 |
| 25 – 30 months |
2.8 |
$ 14,000 |
| 31 - 36 months |
3.2 |
$ 16,000 |
Please Note: Some underwriter's fees cap @ 31 months, and other companies cap at 48 months.
The pay-off amounts listed in the above table includes paying back the original $5,000 advance plus our fees. Timing of the pay-off depends on when your lawsuit wins at trial or settles out of court. Your actual fees will depend upon your lawsuit's own individual situation.
In addition, to the pricing tables above, we have two other fees which are common on most of our loans, advances, and funding agreements (contracts).
The first is a flat fixed “processing fee” of $250 to $500., depending upon your cases complexity, and the final underwriter we accept. By a flat fixed fee, we mean this fee does not vary with the size of the advance.
The second fee common to our contracts is an “origination fee”. This fee will vary by the size of the advance. It typically is 15% of the advance amount to you the client (and can vary from 8% on the low end to 20% on the high end).
Please keep in mind, with both of these fees you are not required to pay them up-front when we advance you the money. These fees along with the advance amount are only paid-off when your case settles in the future, from your settlement proceeds, which your attorney will be responsible for disbursing.to the funding company.
We will do our best to get you the lowest rates in the Lawsuit Funding industry. As the Lawsuit Funding industry grows and matures, it will become more competitive which in the end will drive fees down and benefit future consumers.
Despite the costs, Lawsuit Advances can do more than just relieve your immediate financial stress…As a Plaintiff (you) you may be up against a Defendant with deep pockets, who can strain your finances to the limit. This is why insurance companies do their best to drag cases out for so long, because they know the longer you have to wait, the more desperate you’ll become, and the more likely you’ll accept a smaller offer. (The Defendant is the party you are suing.)
Lawsuit Advances will help you avoid feeling pressured to accept a settlement too early, for too little.
In effect, we level the playing field. Defendants may have huge financial resources to mount their legal defense and now you can level the playing field with access to our money. Lawsuit Funding buys you time by providing the money you need now. And it gives your lawyer more time to work on your case to get a bigger settlement or judgment at trial.
Request Money Now with our easy, quick, and free online application process.
 
|