Why Reputation Is Important When It Comes to Legal Funding
Legal funding is always an enticing option, but for a funding company, a good reputation is one of its greatest assets. Plaintiffs look for a reputable organization to provide the funds they need, while attorneys want to ensure their clients can afford daily expenses and to continue their lawsuit until a fair settlement is reached. There are a few factors to look at when it comes to a lawsuit funding company’s reputation.
A funding company’s reputation is most likely to be impacted by:
Openness about Costs
No one wants to be blind-sided by unexpected fees. A company might try to lure clients by not disclosing all its fees; but eventually word will get out if it tries this tactic. The client will take notice if advance fees are deducted from their settlement funds, and has many channels to express their distaste. At FCA Legal Funding, we provide legal funding in California with openness and honesty of all upfront costs, so there are no surprises.
The company should charge a pre-determined amount with:
- No hidden fees
- No upfront payments
- No out of pocket costs
- No complex interest calculations
Our process requires no out of pocket payments and has no hidden fees. Clients apply for free and don’t pay us back anything unless their case wins. Expenses hidden in the fine print of contracts can make cash advances expensive. If a company is reputed to charge compound interest on advances, you can expect these to mushroom out of control. This is certainly not an acceptable reputation if you’re looking for a reasonable funding company.
A Competitive Market
In the United States, there are probably at least hundreds of pre-settlement funding companies. It may not be advantageous to the funding company to charge exorbitant fees. Clients and attorneys will soon catch on and choose funding firms that are fairer. Still, it’s always important to read the contract in detail and review all the fine print.
You also want to make sure the company complies with all relevant regulations. Otherwise, you could risk breaking laws or at least put your case in jeopardy. The company should be just as compassionate about your injury and needs as your attorney is. Plus, attorneys know the most reputable funding companies so will recommend these over any other. That’s another reason a cash advance firm should be cautious about what it charges clients.
FCA Legal Funding is California’s attorneys’ top choice for their clients because we offer a lawsuit cash advance refinance program and we can also help accelerate your accident settlement. If you have an existing loan that is getting too expensive, our team can help you by replacing your existing loan with a new one that has a lower interest rate and different term. If you are also strapped for cash, we can help accelerate your settlement by giving you the money you need now with no hassle! You pay it back later as a percentage of your final settlement amount.
It Comes Down to Business
Reputation is everything for any type of business. In today’s world of digital media and consumer intelligence, a bad reputation can put any company out of business quickly. Funding businesses therefore need to be vigilant in the services they offer. People looking for legal funding are likely to check the Internet for reviews and discussions, and pass on any firms with questionable service.
At FCA Legal Funding, we do not require upfront payments or fees. Application is quick and funding can be received on the same day of your request and our communication with your attorney. It is a completely paperless process. And you only repay if your case wins. If you don’t, there is essentially nothing to lose.
We offer a better alternative to a lawsuit loan. There’s no credit check and no collateral such as a home or car attached to the advance. Better yet, your daily expenses are covered until you reach a settlement. Learn more by calling 310-424-5176, or apply now.