Legal funding can help you fight for the maximum value of your settlement, and Fair Rate Funding could be the lender that provides it. Finding the right partner for your fight can be a challenge, especially if you’re new to the legal funding industry.
With Fair Rate Funding, you can rest assured knowing that you have a reliable partner for your fight. But could there be drawbacks to working with them? We hope our web review of Fair Rate Funding gives you a better idea of what they have to offer so that you can make the best decision possible.
What Kinds of Cases Does Fair Rate Funding Accept?
Fair Rate Funding accepts a wide variety of cases, and has funded over 2,000 cases, supplying a total of $5.4 million in funding. The minimum amount of legal funding that Fair Rate Funding offers is $1,000. They fund a wide variety of cases, including the following:
- Civil rights abuses
- Personal injury
- Product liability claims
- Medical malpractice
- Nursing home neglect and abuse
- Wrongful death
Unlike other companies, there is no maximum amount of funding you can take on with Fair Rate Funding. That means you could conceivably accept legal funding for your entire settlement. You’ll want to carefully evaluate if this is the right decision for your needs.
Advantages of Fair Rate Funding
Fair Rate Funding offers some key advice that you’ll want to keep in mind when choosing your legal funding partner. You could discover that this company offers the best deal for your needs out of any other company or funding alternative on the market. The importance is keeping an open mind and carefully evaluating your situation within the opportunities available to you.
Non-Recourse Funding is Available
Fair Rate Funding offers non-recourse funding, which means you won’t be on the hook for repayment should you lose your case. This means that you have no obligation to repay the legal funding from your own finances, thanks to how legal funding is classified by the IRS.
However, that won’t be an issue with most cases. If you are a client, it’s likely that you will win your settlement. But having no repayment obligation relieves much of the pressure surrounding your case.
They Cover a Wide Variety of Cases
Fair Rate Funding covers a wide variety of cases, making it easy for many people to obtain legal funding from them. Nearly every type of personal injury case is covered by the company, including those that cover harms against civil rights. Fair Rate Funding also offers financing for some types of surgeries.
You Can See Testimonials
Unlike many other legal funding companies, Fair Rate Funding offers testimonials from past customers. This can give you insight into the kind of service you can expect from them. You can also get a better sense of what pre-settlement financing can mean for you.
Disadvantages of Fair Rate Funding
Fair Rate Funding offers many advantages in comparison to its competitors and alternative sources of funding as you await your settlement, but it isn’t without its drawbacks. You could easily find that there’s some downside to working with them if you aren’t aware of what they are before signing any papers. Find out what to watch for working with Fair Rate Funding and if it will impact your case.
You Can Take on Unlimited Funding
Fair Rate Funding allows you to take on an unlimited amount of legal funding, but this can be a double-edged sword. You can borrow against your entire settlement before you receive it, but this isn’t necessarily a good thing. By the time you actually receive your settlement, you might receive nothing, and could pay more in interest and fees across the life of your settlement.
There Aren’t Many Online Reviews
Online web reviews are critical to getting a handle of what a legal funding company can offer you, and sadly, there isn’t much information about this available online for Fair Rate Funding. However, the company’s Google Reviews page has 22 reviews available, which can give a bit of a glimpse into the kind of service that you can expect from them.
They Don’t Disclose Their Rates
Unfortunately, Fair Rate Funding doesn’t disclose how much it charges for legal funding. They do have a page where they walk through how legal funding is priced. However, they do state that the terms of the lawsuit loan they will offer for your case is dependent on the specific facts relating to it.
Apply for Legal Funding Today
If you’re in the market for legal funding, High Rise FInancial is ready to partner with you. We offer legal funding on generous terms to help our clients fight for the full value of their settlements. Contact us today to find out if you qualify and to see how we can assist you.
We can offer qualifying applicants up to $1 million deposited in their bank accounts within 24 hours. Our financing comes with low interest rates and simple interest, saving you from paying hefty additional fees after you win your settlement. And should you lose, you won’t have to pay anything back from us due to our funding’s nonrecourse nature.