Lawsuit Loan Lending Companies
A relatively new area of consumer lending has sprung up, in the wake of big insurance's often used tactic of 'delay, deny, defend'. These 'Lawsuit Loan' lending companies extend loans to plaintiffs in injury cases as a way to not only financially assist the plaintiff, but to fight back against insurance company's delay strategies.
Many times plaintiffs in injury actions are unable to work, and have medical bills that pile up and remain unpaid. This may force a plaintiff to take a settlement that is far less than what his/her case is worth. The 'lawsuit loan' allows the plaintiff to financially survive while his/her claim is brought to a full, and just, resolution.
There are many companies out there, but be careful. Many of these lending companies have very high interest rates and fees. Our firm recommends Preferred Capital Lending in Chicago. They are a licensed lending company in Illinois and offer fair and reasonable rates.