Legal finance is a kind of loan which is provided to the borrower so that he/she can fight a legal battle in the court of law. This is actually a different kind of investment sector where the investors invest his money in the law procedures. It is actually a kind of loan, and this is provided to those who are not financially well equipped to carry out a legal battle on their own. This loan is provided in the form of cash advance. Not only the economically unsound people, but sometimes reputed law firms are also provided the financial assistance in emergencies.
There are different types of legal Financing available in the market, with different types of re-payment options, and one always has the chance to select the best option for himself. The borrower can choose the flat-rate option of re-payment where there is a condition to pay at a time, the whole amount of money including 10-15 % interest on the actual loan amount. The next option is, paying in installments and paying a higher rate of interest than the flat-rate option. But before taking any decision, always keep in mind the expected time the case may need to reach a settlement, and one should never forget to consult his/her lawyer.
For further details, please refer to the following links:
- Legal Financial Services
- Banking Legal Finance
- Corporate Legal Finance
- Oasis legal finance
- American legal finance association
- Legal financing
- Beacon legal finance
Last Updated on : 1st August 2013