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Is a non-recourse advance more expensive than a bank loan?

April 26, 2017bank loan expensive non-recourse

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Is a non-recourse advance more expensive than a bank loan?

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Yes, because non-recourse advances and bank loans are very different. You are not required to repay your non-recourse advance if you do not receive a payment from the defendant. A bank loan will cost you less, but it has to be repaid regardless of the outcome of your case, and you will have to make monthly payments until your lawsuit is resolved.