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Legal Loans

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Many of our clients are desperate for money and are enticed by companies which will loan them money in exchange for a lien placed upon the proceeds of their case.  Once the case settles, the legal loan company is entitled to reimbursement of the amount owed plus a substantial additional payment for the interest accumulated during the period of time of the loan.  Our firm understands that people are desperate for money and will not interfere in the borrowing of this money, but wants to make sure that injured workers know that the payback is substantial.  For example, an injured worker might borrow $1,000 and 6 months later have to repay $1,700.  This is a typical example.

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