“Legal-Bay has been a valuable resource to our firm offering surgical funding solutions to our clients that do not have insurance. Their exceptional customer service team can process approvals quickly and with minimal documentation, so our staff is not inundated with unreasonable document requests.”
Marco Laracca, Esq.
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. Example of cost of funding, including all fees, and final payback on a lawsuit settlement funding:
Our Minimum Funding Amount to Client:
Attorney Review Fee:
Total Funding Principal and Fees:
06 Month Minimum Payback:
12 Month Payback:
24 Month Payback:
36 Month Maximum Payback: