Transparent and Low-Interest Rates
The question people often ask about pre-settlement legal funding is what interest rate you can expect from a legal funding company. Since interest rates on pre-settlement loans are not a one-size-fits-all scenario, we couldn’t come up with a fixed number. Cases believed to be riskier might incur higher interest rates to accommodate the potential uncertainties involved and lawsuits considered more secure might have lower, offering a more favorable financial solution for those awaiting settlements.
At Car Accident Loans we strive to offer you the lowest possible rate for your pre-settlement loan. Once we have an understanding of your case, we can promptly provide the funding you need. The best part? There are no hidden fees involved.
Why Traditional Loans Fall Short
Traditional loans typically require a good credit score, stable income, and collateral, but lawsuit loans are based on the strength of your ongoing lawsuit. This means you can avoid facing financial strain while waiting for your case to settle. Moreover, lawsuit loans are non-recourse, meaning that if you do not win your case, you are not obligated to repay the loan.
Factors Affecting Your Lawsuit Loan Rate
Loan rates are not based on your personal finances or credit score. In fact, we don’t need to do a deep dive into your personal finances. In fact, you will not be subject to a credit check at all. Instead, interest rates for pre-settlement legal funding depend on factors related to your lawsuit:
- Type of Case
- Risk Level of the Case
- Duration of the Lawsuit
- Expected Legal Fees and Costs
- State Regulations
Hassle-Free Repayment Procedure
Step One: Case Resolution
Your case wraps up, either through negotiations or a successful court trial, guaranteeing you the compensation you deserve.
Step Two: Compensation Sent to Your Attorney
The responsible party sends a compensation check directly to your lawyer’s office, following the pre-agreed amount.
Step Three: Attorney Manages Deductions and Payment
Your lawyer handles all necessary deductions, including their fees, and then issues a check for the remaining compensation to Car Accident Loans.
Step Four: Swift and Hassle-Free Funding
Once everything is agreed upon, quick funding is ensured, allowing you to receive the remaining compensation without any unnecessary delays.
Reach Out To Us
Are you ready to alleviate your stress and concentrate on what matters – your legal process? There’s no need to delay any further. Get in touch with Car Accident Loans today. Take that stride towards achieving financial tranquility. Whether you prefer a conversation or a smooth online interaction we are available to assist you. Give us a call now at (855) 581-9255 or conveniently apply online. We’re one click or phone call providing the support you need.