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 +

February 20, 2014 - Alabama Senate committee approves bill to regulate lawsuit lending - A bill to regulate lawsuit lending cleared a committee in the Alabama Senate today after proponents said the loans have "exorbitant" interest rates and can hurt consumers and affect the civil justice process. Read More

February 07, 2014 - BAKER: Tennessee should regulate predatory lawsuit lenders - Former Attorney General Thurbert Baker writes in the Tennessean, "You’ve probably seen the ads online or on television that promise 'quick cash' while engaged in your lawsuit. Not surprisingly, the offer comes with a lot of fine print masking exorbitant fees and interest rates." Read More

February 06, 2014 - Indiana House Passes Bill to Regulate Lawsuit Lending - Rep. Matt Lehman said he became concerned about what’s often called litigation financing after hearing about cases of companies that obtained returns of up to 200 percent from people who received money for them. Read More

January 15, 2014 - TN Senate Approves Regulations on Lawsuit Lending - On the first day of the legislative session, the Tennessee Senate passed a bill to regulate a form of quick-cash lending that critics say is unacceptably unregulated and potentially predatory. Read More