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 +

June 11, 2013 - Texas legislature fails in attempt to reform lawsuit lending - "Even when the consumer 'wins' or settles the case, he or she often recovers no money, because the entire amount of the award or settlement goes to pay the plaintiff's attorneys or to repay the lawsuit lender." -- Justin Hakes, U.S. Chamber Institute for Legal Reform Read More

June 03, 2013 - Okla. gov. signs into law bill curbing lawsuit lending - Oklahoma is the first state in the nation to pass a law to protect consumers and curb abuses by aligning lawsuit lending with current state law. Read More

June 01, 2013 - Colorado appellate court says lawsuit loans should be regulated - Businesses that lend money to plaintiffs with the hope of cashing in on a piece of a judgment cannot duck Colorado consumer-lending laws, the state Court of Appeals has ruled. Read More

April 29, 2013 - State Lawmakers Consider Limits On 'Payday' Lawsuit Loans - "Every other type of loan is regulated, and these should be, too." Read More

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