Legal-Bay LLC. Announces Implementation of New Web-Site, Plans for Funding Exchange Portal Site
Fairfield, NJ – Jan. 3, 2011 – Legal-Bay LLC., The Lawsuit Settlement Funding Co., announced today that it has implemented its new legal funding web-site, lawsuitssettlementfunding.com . Additionally, Legal-Bay LLC. is now in the process of designing the first ever “Legal Funding Exchange” Portal site where investors/underwriters and plaintiffs seeking cash advances can transact business directly with one another. Legal-Bay LLC., believes the new site: thelegalfundingexchange.com will be an opportunity to bring lawsuit funding to the mainstream for both plaintiffs and potential investors by allowing a “public sale” or “auction type” forum. Specific design plans and regulatory issues are still being worked out. The company does not plan to have the “portal site” fully operational until mid to late 2011.
Legal-Bay’s CEO, David Kole, commented on both developments, “we are excited to start 2011 off with not only a brand new web-site for our customers; but our plans for the future to bring the first ever Legal Funding Exchange portal to the industry will be a tremendous positive for both sides of the marketplace. We believe the new site will bring not only liquidity, but credibility to our industry. And will allow both investors/underwriters and plaintiffs more transaction options at their finger tips – all in online forum. We don’t believe there is one recognizable Legal Funding Exchange that provides this to the industry to date. It is our hope that our newly planned site: thelegalfundingexchange.com will change that.”
In the meantime, Legal-Bay LLC., through its traditional web-site: lawsuitssettlementfunding.com offers lawsuit loans in as little as 48 hours on all cases, including but not limited to auto accidents, pharmaceutical cases; such as Avandia, Medical Malpractice, and any other personal injury or general negligence cases.
About Legal-Bay LLC:
Legal-Bay LLC, is a full-service legal funding firm that provides cash advances to plaintiffs who are in need of cash today before their case settles. To find out more about Legal-Bay LLC and the services they provide log on to lawsuitssettlmentfunding.com or call them directly at the contact information below.
David Kole, CEO
124 Fairfield Rd., 1st Floor
Fairfield, NJ 07004
1. The minimum payback period is 6 months – We do not invest in cases with payback periods of less than 6 months. Our maximum APR on a 6 month lawsuit settlement funding payback, including all fees, is 29% annually.
2. The maximum payback period is 36 months – We do not charge usage fees past 3 years, which means you will not be charged any additional money past 36 months. However, if your case does not settle within 36 months you are not obliged to repay us until it officially does. Our maximum APR on a 36 month lawsuit settlement funding payback, including all fees, is 25% annually.
3. CLICK HERE to view example of cost of funding, including all fees, and final payback on a lawsuit settlement funding