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Let's say the case in Example 1 takes two years to settle instead of one. You will owe the lender the principal of 25,000, but the funding fee will balloon to 32,000. In that case, the lender will receive the principal of 25,000 and the remaining 25,000 of the settlement. That leaves a deficit of 7,000.
You won't get anything from the lawsuit settlement, but you don't have to repay the 7,000 to the lawsuit lending company. 100,000 Settlement amount. - 50,000 Attorneys fee, litigation expenses, and medical liens.
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Our aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer.
Our company does not endorse any particular service provider, lender, nor loan product. Please note that some lenders may perform credit checks as part of their credit transaction approval process.