Choosing a pre-settlement funding provider is tough when there are so many options available. That’s why we’re making these review sheets of our competition so that you can make an informed choice about which lender to choose.
Liberty Settlement Funding is one of the better-regarded companies out there for pre-settlement funding, but it’s not their core business. Let’s see what the web reviews about Liberty Settlement Funding say and look at what they do.
Structured Settlement Funding
Liberty Settlement Funding mainly handles structured settlement funding requests. In this kind of funding, you approach them after you win your case, not before. The reason you would do this is because of how structured settlements work.
The court may recognize that whoever owes you damages cannot pay it at once, so they’ll set up a payment plan. A structured settlement funding company like Liberty will buy the rights to collect payment for your settlement in exchange for a lump sum payment.
This can be very useful if, for example, you had to sue someone who has little income like an uninsured driver. Instead of getting something as little as $50 a month for decades, you can get your entire settlement at once.
Liberty’s Web Reviews
We did a quick browse through Google as of this writing to see what they had to say about reviews for the company. There are fewer reviews than we would like to see, but what is there is quite positive.
The Better Business Bureau has top ratings for the company and most of the reviews are good. The ones that don’t complain about their marketing methods rather than their core business. The company has been around since 2011 and is based in Florida.
One notable thing is that Liberty doesn’t seem to have a presence on the many complaint sites you’ll find on the web. This is a good sign of their trustworthiness.
Does Liberty Offer Pre-settlement Funding?
Yes, they do. According to their website, Liberty offers pre-settlement options for the following kinds of cases:
- Motor vehicle accidents
- Premises liability
- Work injuries
- Medical malpractice
- FELA/Jones Act cases
- Settled case funding
- Product liability
- General negligence
- Mass tort
- Multidistrict litigation
They also offer medical and surgical funding for qualified borrowers.
Where Liberty Settlement Funding Is Lacking
Despite the good web reviews, there are a few areas we feel that Liberty Settlement Funding could be more forthcoming about their practices. There is very little information about how they structure their loans.
We couldn’t find the following information that could be useful to a potential borrower:
- Interest rate amounts
- Whether they charge compound or simple interest
- Maximum and minimum loan amounts
- Which states they practice in
- Their approval process
For pre-settlement funding, they winmention that if you don’t win, you don’t have to pay them back, but we feel they should specifically mention that their pre-settlement funding is non-recourse. This would make it clearer to the reader.
What Do We Think About Liberty Settlement Funding?
On paper, Liberty Settlement Funding looks like a great competitor to our business, despite their focus on structured settlement funding over pre-settlement funding. Nevertheless, some of the most important information is hidden from the potential borrower.
Calling them to get more information could land you in a spiral of marketing calls afterward. At least one of the web complaints talked about ignoring a Do Not Call request. Ultimately, while they look good review-wise, getting the full story may be more trouble than it’s worth.
All information in this article is accurate to the best of our knowledge as of July 2021. Information about Liberty Settlement Funding was taken from public sources, including their website. We will update this page periodically to reflect changes in the industry.