The exact costs depend on the amount of the loan and the time it takes to pay it back. We charge an initial administration fee as well as a monthly interest rate, although there is no requirement to make monthly payments, the loan is completely open and you can make payments of any amount at any time. Our rates are highly competitive with other providers in the settlement loan industry.
The cost of the loan is usually not the deciding factor for most clients; day to day living and getting a fair settlement are often the driving things being considered. Depending on the nature of the future settlement, some of the costs of the loan may be recoverable or passed on to your adversary in the lawsuit.