As a personal injury law firm, your ultimate goal is to help your clients achieve their desired outcomes and get the compensation they deserve for their injuries. However, the process of litigating a case can be long and expensive, leaving clients in need of financial support while they wait for their settlement to come through. This is where pre-settlement financing companies come in, but not all financing options are created equal.
When it comes to pre-settlement financing, it’s important to refer your clients to a company that offers capped fees in 12 months. This type of financing option provides predictability and peace of mind for your clients, knowing exactly how much they’ll have to pay back in interest and fees, and having a clear end date in sight.
On the other hand, a company that offers compounding interest may not have a clear end date, with interest continuing to grow for 2 or 3 years or even indefinitely. This can create a payoff balance of over 200% of the original borrowed amount.
In summary, referring your clients to a pre-settlement financing company that offers capped fees in 12 months is the best choice because it provides predictability, peace of mind, and a clear end date. This allows the client to take home more of their settlement instead of the financing company. As a personal injury law firm, it is essential to refer your clients to a financing company that aligns with their best interests.
To learn more about Capital Financing and their 12 CAPPED Fees for Plaintiff’s email info@injuryfinancing.com
