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 +

April 04, 2014 - Measure to cap litigation finance interest moves on after hot debate - "What I care about most of all is that there is nothing in the law in our state right now that prevents poor people in my district, at their most vulnerable time, from being taken advantage of by these companies." -- Rep. Curtis Johnson, Tennessee House Speaker Pro Tempore Read More

March 27, 2014 - OPINION: Lawsuit lenders should be regulated as other lenders - Yuri Cunza, president and CEO of the Nashville Area Hispanic Chamber of Commerce, writes, "How can any company charge 60 to 150 percent interest? What is right about that?" Read More

March 12, 2014 - Paying to Play: Inside the Ethics and Implications of Third-Party Litigation Funding - Former Georgia Attorney General Thurbert Baker writes in the Widener Law Journal that "the practice of (lawsuit) funding companies taking stakes in litigation outcomes is very quickly becoming of particular concern to defendants in mass tort and class action lawsuits." Read More

March 05, 2014 - Missouri Lawmakers Considering Bill to Regulated Lawsuit Lenders - State Sen. Brian Munzlinger wants Missouri lawmakers to start regulating those companies (lawsuit lenders), just as other kinds of loans are regulated in the state. Read More

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