We understand the financial struggles personal injury plaintiffs face after getting seriously injured. Serious bodily injuries can have life altering effects.
Lawsuit plaintiffs are often unable to return to work or placed on modified or light duty after suffering significant injuries. Work restrictions often times result in a reduction in income, which makes it difficult for claimants to take care of themselves and their loved ones. It's well documented that financial stress can be emotionally, mentally, and physically taxing.
When your bills are starting to pile up and you don't have the funds necessary to pay your expenses or other obligations, you can begin to feel a heavy burden and pressure.
Falling on hard time during the litigation process is nothing to be embarrassed or ashamed of. According to a report in CNN Money, 60% of people living in America don't have enough money in their savings to cover a $500 or $1,000 unplanned expense.
Pre-settlement lawsuit funding products such as lawsuit loans, accident cash advances, insurance settlement loans, and lawsuit advances are designed to provide financial relief to plaintiffs who are experience dire financial hardship and urgently need financial assistance while for their lawsuit settlement money.
Although lawsuit settlement funding have saved tens of thousands of plaintiffs from devastating consequences, lawsuit loans can be very expensive if you choose to work with the wrong lawsuit funding company.
Finding a professional lawsuit lender providing lawsuit funding best rates to plaintiffs can be time consuming but it's time well spent. Going with the wrong lawsuit funding can cost your thousands of dollars in the end! A savvy client will take the time to find out more about how they can save money by working with a funding company with low interest lawsuit funding.
In this article, we'll give you the secrets to finding the best lawsuit funding companies with low rates and the best contract terms.
What You Will Learn
If you search the internet right now for the best lawsuit funding companies, you will get a lot of search results for that term.
Furthermore, you'll find many of those lawsuit funding companies claiming to offer low rates and best terms. But the truth is that plaintiffs who end up borrowing from those lenders often end up paying significantly more than they have to.
We've seen big and small legal funding companies, even "reputable" ones, charge excessively high lawsuit funding interest rates to injury victims who were struggling financially during the long litigation process.
These are three main qualities to look for in a "scam" lawsuit funding is the following:
Don't allow unethical lawsuit funding companies to lure you with offerings of unrealistically low rates.
A lawsuit loan is a great financial option for people who desperately need to borrow money from a lawsuit because of an emergency or to stay afloat during the litigation process. However, as responsible lenders, we believe lawsuit loans are not for every case and not every client.
Lawsuit loans are risk-free cash advances for injury victims with pending claims. We call our lawsuit funding products "risk-free" for a few reasons:
While lawsuit loans have numerous benefits for plaintiffs, we believe lawsuit funding companies should ensure they do not advance too much money and that they charge fair rates to avoid complicating matters.
When a legal funding company advances money to a client, that company is assuming a significant amount of risk. Bank can minimize their risk by performing due diligence in making sure the applicant has the financial means and ability to pay back the loan. However, unlike a bank, funding companies do not perform credit checks and do not investigate an applicant's financial profile.
Because of the degree of risk involved in lawsuit lending, the lawsuit funding rates are generally higher than what a prime bank could offer.
For this reason, lawsuit funding should be a service of last resort of accident victims. Thus, if a plaintiff has good credit or real estate, he / she may want to consider getting a loan from a bank.
However, if you only option is getting advance lawsuit funding, then a savvy client should choose to work with a financial institution that is transparent and committed to helping injury victims with responsible lending.
You only get one bite of the apple so make sure you choose to work with the best lawsuit funding in the industry the first time around.
BEST RATES: Always look for lawsuit funding companies with low rates and clear and transparent term. Although you should not expect a lawsuit loans rate to be as low as a prime rate from a bank, you should expect a fair rate that's directly correlated to the level of risk in your case. Thus, you should expect to get a lower rate on a "preferred case" that has a lower risk. Additionally, avoid doing business with companies that do not tell you their rates when asked and those that charge rates greater than 3.25%. If you have an unsettled claim and a company is quoting or offering you a pre settlement rate more than 3.25%, you should probably move on to another lender.
These are three main qualities to look for when searching for a professional lawsuit funding with the best rates:
Fair rate pre settlement lawsuit funding companies like Red Fox Lawsuit Funding offers injury victims very competitive and reasonable interest rates.
We offer pre-settlement lawsuit funding interest rates between 2.75% to 3.25%. The rate we charge is based upon the fact and circumstance surrounding your case. Your credit score and financial profile are not considered in the underwriting process.
We're not here to take advantage of your present financial situation. Rather, our genuine care for your well-being is why our interest rates are so reasonable and our terms are transparent.
As a full-service personal injury lawsuit funding, we can advance lawsuit funding on most injury claims such as:
If you are experiencing money problems while going through the lawsuit process, we can advance lawsuit funding in as little as 24 hours.
We are authorized to offer lawsuit advances against injury claims in more than 40 states nationwide.
Some of the states where we routinely provide lawsuit loans are:
Red Fox Lawsuit Funding is one of the nation's leading pre-settlement and post-settlement lawsuit funding providers.
When you work with our funding group, you can expect fast processing, easy approval, professional client service, and our lawsuit funding loans best terms.
To get started now, please fill out the online funding application on this page.
Free Funding Application
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Red Fox Funding is a national lawsuit funding company based out of New York State. We provide fair interest rates lawsuit loans and insurance settlement cash advance to clients throughout the United States. Our settlement funding products provide an essential service to injured accident victims and plaintiffs who desperately need financial assistance paying their bills, living expenses, and other financial obligations.
Here are just a few locations across America where we offer plaintiff funding products to victims who are struggling financially while waiting for their lawsuit settlement money:
Alabama | Arizona | Connecticut | Delaware | Florida | Georgia | Indiana | Iowa | Kansas | Louisiana | Mississippi | Missouri | Montana | Nevada | North Dakota | Rhode Island | South Dakota | Washington | West Virginia | Wyoming | Minnesota | and More
East Coast Office Location
Red Fox Lawsuit Funding
276 Fifth Avenue
New York, NY 10001