All pre-settlement companies are not created equal!
There has been a lot of confusion surrounding the practices and fees of litigation financing companies. This stems from the fact that the industry is young, coupled with the large volume of companies entering this space. The language, contracts, and fee plans vary, which is why it’s important to undertand all available options.
To protect your clients, a prominent Attorney General reviewed the business practices of our industry, and set several important standards. (Download PDF below for more information.) Here are the three most important you should look for in a pre-settlement contract: |
- The percentage fee or rate of return, stated on an annualized basis, including frequency compounding
- Itemization of one-time fees, broken out by item
- The total amount to be repaid by the consumer, broken out in six-month intervals, carried forward to 36 months.
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At USClaims, we believe in high ethical standards, clear terms, and fair repayment for personal injury victims. And, we’ve always provided total open disclosure. In fact, we’ve been ahead of the curve by illustrating repayment amounts in three-month intervals.
We are the most knowledgeable, and least expensive in the industry, so let us help you and your clients make the right decisions without the inherent pressures of a personal injury case. USClaims makes it easy, and fast. Plus, there’s never any risk- no recovery means no repayment.
ALFA: An Overview of the Non-Recourse Funding Industry (PDF) |
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