Fair Rate Funding Announces New Lawsuit Funding Approval Calculator
MANASQUAN, N.J., March 23, 2015 /PRNewswire/ -- Fair Rate Funding, a lawsuit funding company, announced today the addition of a lawsuit funding approval amount calculator on one of its web properties: http://professionalsettlementfunding.com. The calculator allows clients to enter into a proprietary algorithmic formula the details of a personal injury lawsuit. The calculator/estimator then returns a likely lawsuit funding approval range to the user.
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Fair Rate Funding currently offers pre settlement lawsuit funding for a wide variety of legal actions - including automobile accident lawsuits, slip and fall cases, medical and legal malpractice actions, Jones Act cases, Hip recall and TV mesh lawsuits, and many other legal proceedings.
Lawsuit funding provides much needed cash to litigants (mostly injured plaintiffs) who need financial support while their personal injury action is pursued. Many plaintiffs simply cannot pay their bills before a settlement comes in. With no access to cash, plaintiffs are sometimes forced to accept "low ball" settlement offers simply because of immediate financial needs.
Car accident lawsuits, slip and fall cases, Jones Act claims, premises liability lawsuits and construction accident cases make up the vast majority of the lawsuits considered for funding and are all available for use in the lawsuit funding approval calculator located at http://professionalsettlementfunding.com/calculator.
Launching the lawsuit funding approval calculator gives clients a realistic idea of the amount of funding available for a particular personal injury lawsuit. The large amount of data entry "points" help the calculator give the most accurate range.
"The approval estimator was created through years of data and in response to our clients wanting more information on a likely approval amount at the time of initial application," said Paul M. Coppola, President of Fair Rate Funding. "As far as we know, no other lawsuit funding website offers this type of service."
The lawsuit funding approval estimator is unique to Fair Rate Funding's internet properties and is offered free of charge. Clients simply move through the step by step process of entering pertinent data fields. The estimator then does the calculations and offers a likely approval amount base on the information provided.
"Developing the estimator was a difficult decision for us because although we wanted to offer more information to our clients, we were faced with the prospect that clients would expect an approval of that amount based on the estimator. We also knew that there was really no way to stop this from happening," said Coppola.
"On the other hand, we also knew many clients would welcome the information and that fact greatly influenced our decision to include the estimator on this website. We decided to make it clear that no offer for funding resulted from the estimator's use and that all cases still must go through an underwriting process before a lawsuit funding offer was made. Ultimately, we chose to put more information out there as a policy decision. We trust this information will greatly enhance the user/client experience."
Fair Rate Funding lawsuit settlement funding programs are not a lawsuit loan or lawsuit loans although they are often referred to as such. A pre-settlement lawsuit cash advance is not a settlement loan or settlement loans because the advance is only repaid if the case is successful. The representing attorney will repay the case funding or lawsuit advance ONLY if the lawsuit is won or settled.
Fair Rate Funding prides itself on providing the quickest approvals –as soon as 24 hours on most cases, the lowest monthly usage rates – as low as 2.5% per month, and the most attentive customer service in the lawsuit funding industry.
Fair Rate Funding also offers free case evaluations. If you are, at any time, not interested in pursuing lawsuit funding, there are no costs to you and absolutely no obligations.
For more information about lawsuit funding and other services from Fair Rate Funding, simply call one of our representatives at 888-964-2224 or visit us at http://fairratefunding.com.
SOURCE Fair Rate Funding
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