Avandia Settlement Funding Applications Up 500%
Fairfield, NJ – Feb. 16, 2011 – The Lawsuit Settlement Funding Co., Legal-Bay LLC, announced that applications for Avandia pharmaceutical "lawsuit funding" were up over 500% in the month of January alone. The Lawsuit Settlement Funding Co. attributed the increased activity to their newly launched web-site: lawsuitssettlementfunding.com, which was announced on Jan. 12, 2011.
Legal-Bay LLC, was already an industry leader in the pre-settlement funding for Avandia plaintiffs, however the new application activity has been substantially more than what was projected. Legal-Bay LLC believes there were other factors that contributed to the increased desire for Avandia victims to obtain cash advances from their pending lawsuits besides the new web-site.
Dave Kole, CEO of Legal-Bay LLC commented, "We are pleased that our new web-site has brought increased traffic to all of our different cases that we fund, however the increase in Avandia has been off the charts. We attribute this not only to our web-site and new marketing plan, but for the simple fact that so many Avandia plaintiffs are unsure as to when their settlements will ultimately come. Or how much that settlement will actually be. This uncertainty, coupled with mounting bills, has so many Avandia victims seeking cash advances before their cases are officially settled."
In July it was announced that the average Avandia Settlement would be in the neighborhood of $46,000.00 to $86,000.00, however no new news has officially been released to the public since then, Legal-Bay LLC stated.
Legal-Bay LLC and their team of funding agents have recently ramped up operational support in order to adequately handle their increased applications not only on Avandia, but on automobile accidents and all personal injury cases with general liability.
About Legal-Bay LLC:
The Lawsuit Settlement Funding Company, Legal-Bay LLC, is a full service legal funding firm that provides 48 hour cash advances to plaintiff's who are in need of cash today before their cases settle. To find out more about Legal-Bay LLC and the services they provide, log on to lawsuitssettlementfunding.com/about-us.php or call them toll free at: 877.571.0405.
David Kole, CEO, Legal-Bay LLC
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