Personal injury lawsuits are long and arduous legal battles. It’s stressful as the bills keep piling up while most have to pause their jobs due to injuries. Legal firms don’t guarantee a lawsuit loan even if you have a case. You may need to apply to several firms before getting approved.
You can apply to any legal funding firm. However, there are things you need to consider. Is Prime Case Funding a reputable firm to apply for? Find out more below.
What is Prime Case Funding?
Prime Case Funding offers similar services to ours. They provide lawsuit funding while plaintiffs await their settlement award. They claim to have the lowest rates, as low as 2.75% compounded monthly. Their website didn’t mention how much cash you could get.
The firm offers pre and post-settlement loans in 33 states. The goal is to provide a quick cask within 24 hours of application. Plaintiffs can use the money for personal purposes, including daily living expenses and medical and legal fees.
To apply for free, call (877) 735-0016
What Cases Does Prime Case Funding Fund?
Prime Case Funding provides lawsuit loans for various cases. This includes the following:
- Personal Injury Cases are further broken down into vehicular accidents, bus accidents, pedestrian accidents, premises liability, construction accidents, dog bites, wrongful death, and general negligence.
- Surgery Funding isn’t offered by many funding firms. It’s one of the best services that PCF has.
- Medical Malpractice is varied, so it’s best to check with them if your case is considered as such.
- Civil Cases of all types.
- False Imprisonment is also an uncommon case. Several firms now take false imprisonment. Recently, a federal jury awarded $9 million to an Illinois resident for false imprisonment.
- Post-Settlement is when insurance companies take the time to give the settlement. Sometimes, with liquidation, this process can still take months to years for you to receive the compensation.
It’s necessary to check first if the firm accepts your kind of case before applying for a loan. Don’t waste your time and resources applying for firms that don’t accept your kind of case.
What Does the Web Say About Prime Case Funding?
Their website doesn’t have testimonials. However, there are enough reviews available on Google, Yelp, and other platforms. We’ve recorded some of them, both good and bad.
Google Rating: 4.70/5.0 (328 Reviews)
Yelp Rating: 4.5/5.0 (14 Reviews)
BBB Rating: A+, Accredited Business
BBB Complaints: 1 BBB complaints in the last three years
“I rarely write yelp reviews but my experience with Prime Case Funding was so phenomenal that I felt I had to write this… What I found was an extremely professional and upfront company that seemed to really care about my situation and ho were extremely honest about the cost structure…” – Erin U., CA, (Yelp, October 2016)
“Very courteous and professional. Advance was processed in a timely manner. Thank you for your assistance in difficult circumstances.” – Annie Stephens (Birdeye, 2019)
“Prime Case Funding has been very helpful in a time of need. I appreacute their professionalism and willingness to assist with financial issues.” – Annie S. (Yelp, July 2016)
However, there is also negative feedback from clients on the services of Prime Case Funding. Most of them revolve around hidden costs and interest fees.
“First, it took over a week – not 24 hours to get my loan. (My lawyer advised against it, but I was in a bind.) I was told the interest rate would be about 3%, but the contract actually showed 51%. In addition to the interest, there was a $400+ application fee. They close at 5pm EXT Friday for the weekend.” – Rosanna, L.TX (June 2014)
“I looked for several funding companies, including this one. Most of them charge fees and compound on their interest. Most of them add up to like 60-90% a year…” (November 2016)
Our Verdict on Prime Case Funding
Prime Case Funding offers similar services to other legal funding firms in the country. It also serves plaintiffs in many areas across the US. Still, you need to do your due diligence. You must research, read the fine print, and compare firms’ rates and other costs.
Don’t be afraid to ask questions; have a legal representative help you understand the contract. Do not sign the papers right away. Prime Case funding also offers a quick cash advance, but the interest rate varies from some comments.
So, ask about the interest rates. Ask for transparency. If you are in the middle of a personal injury lawsuit or any other kind of lawsuit, you can check out Prime Case Funding. But, again, always read the fine print.
Know what you’re getting into and how much you pay when the case settles. Don’t lose a chunk of your settlement award in paying the cash advance.