The U.S. Chamber of Commerce has been working hard to classify pre-settlement funding as a loan. They have been lobbying for various bills in 13 states that would essentially shut down the industry by enforcing unreasonably low rate caps.
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Lawsuit financing has been steadily gaining acceptance among plaintiffs’ lawyers, state bar associations and the courts. Nevertheless, some attorneys remain leery of this valuable legal service.
Lawsuit settlement funding may have begun as the untamed wilds of legal services, but during the past decade, the lawsuit funding industry has been steadily gaining acceptance among plaintiffs’ lawyers.
Lawsuit settlement funding is gaining acceptance among plaintiffs’ lawyers, who are discovering that settlement financing benefits not only their clients, but themselves.
Pre-settlement funding provides no-risk, non-recourse financial assistance for litigants– this means the pre-settlement financing company (USClaims) will recoup its investment if and only if the client’s case concludes with a recovery.
By keeping plaintiffs financially secure during protracted litigation, settlement funding enables attorneys to diligently fight for a fair outcome and maximum recovery.
Lawsuit advances are not loans: on the contrary, settlement advances provide no-risk financial assistance to litigants, enabling their attorneys to thoroughly pursue lawsuit claims and maximize recovery.