Lawsuit Lending Facts

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Did You Know?

Interest rates on lawsuit lending loans can exceed 100% and that some firms charge up to 250% of the loan amount? Unfortunately, that’s right.

Because of a lack of regulatory oversight, many lawsuit lenders are not required to explain their pricing structure to plaintiffs before they approve a loan. Be armed with the facts and know your risk.

 

Key Headlines More +

August 25, 2014 - Lawsuit Loans Increasingly Coming Under Fire - Writing at The Huffington Post, Sara Warner details the "consumer heat" focusing on "lawsuit lending, which the Wall Street Journal has called "'the legal equivalent of the payday loan.'" Read More

July 07, 2014 - Analysis: Lawsuit funding firms make big TV ad push - "Like many plaintiffs' law firms, pre-settlement funding firms spend millions every month on television advertising -- including $5.8 million spent in May on over 3,800 ads -- to attract new clients." Read More

April 28, 2014 - Letter to the Editor: Lawsuit lending should be regulated - Crash cash lawsuit loans are a perniciously profitable business that lurks in the shadowy online realms outside the enforcement of state consumer lending laws. Read More

April 24, 2014 - Op-Ed: Time for Texas to rein in ‘lawsuit lending’ - "It’s time to bring some sanity and consumer protection to lawsuit lending." Read More

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