![]() ![]() Plaintiffs should basically never accept a compounding rate on legal funding. The best pre-settlement loan companies charge low, simple rates.Any company that refuses to do so is likely trying to restrict a plaintiff’s ability to compare rates. A quality settlement funding company will provide rates, terms, and a sample payoff table immediately upon request before they receive any information about your case.In many cases, this relationship is not beneficial to the plaintiff. We feel that many legal funding companies have a too-cozy relationship with personal injury attorneys. Plaintiffs receive regular updates and honest answers about the status of their requests. The best pre-settlement funding companies for plaintiffs put plaintiffs first, not their attorneys.What makes a company worthy of being one of the best pre-settlement loan companies for plaintiffs? View Momentum Funding’s profile Attributes of the best lawsuit funding companies ![]() Headquartered in Boca Raton, Florida, Momentum Funding provides non-recourse funding for mass tort, personal injury and workers’ compensation claims alike. These are our top picks overall, based on rates, funding speed, and consumer reviews. If any company is unwilling to disclose and discuss this information upfront, it is usually best to move on to another option. For advances greater than $5,000, try to pay $250 or less in fees. As a rule of thumb, for advances under $1,000, look for companies that charge $100 in total fees or less (including application, processing, and delivery fees). Fees – plaintiffs typically benefit from avoiding legal settlement funding companies with high fees.In many cases, it is best to avoid compounding rates and companies that cannot quote a rate upfront on your first call. Rates – the best lawsuit funding companies charge low, simple rates from 15% to 20% every 6 months.The most important things to assess on your first phone call with a funding company are rates and fees. We think the best pre-settlement funding company is the company that provides you the lowest rate and the best terms. Do your homework and get quotes from many providers before moving forward with any particular company. They may offer lower rates than competitors.Įven with these companies, it is important to ask about terms upfront. These companies will offer concrete, upfront quotes with simple-to-understand rates and terms. 8 Frequently asked questions Lawsuit loan companies we recommend ![]()
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