The fees for any settlement loan is dependent upon several different items. The two main items is strength of case and injury.
When we refer to strength of case we are typically referring to negligence. If negligence is clear cut than the fees are generally lower. This is mainly because most companies offer non recourse funding meaning they only receive payment if you win your case. The stronger the case the more likely your rate will be lower and you will be approved. If the case is weak meaning negligence could be harder to prove the rate is typically higher.
The type of injury meaning how bad is the injury and what type of accident. Car accidents tend to give better rates than other types of personal injury cases because negligence is easier to prove. If it is a catastrophic injury the likelihood of a larger settlement increases which oftentimes means a decrease in the rates for a settlement loan.
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The fees for any settlement loan is dependent upon several different items. The two main items is strength of case and injury.
When we refer to strength of case we are typically referring to negligence. If negligence is clear cut than the fees are generally lower. This is mainly because most companies offer non recourse funding meaning they only receive payment if you win your case. The stronger the case the more likely your rate will be lower and you will be approved. If the case is weak meaning negligence could be harder to prove the rate is typically higher.
The type of injury meaning how bad is the injury and what type of accident. Car accidents tend to give better rates than other types of personal injury cases because negligence is easier to prove. If it is a catastrophic injury the likelihood of a larger settlement increases which oftentimes means a decrease in the rates for a settlement loan.