What is the interest rate for a LawMax lawsuit loan?
LawMax does not charge interest in the traditional sense, since interest is charged on a loan. Instead, because of the risk involved in offering this sort of financing, LawMax charges a “risk premium” which is a fee you will pay to LawMax if your case is successful. LawMax evaluates each request for funding on a case-by-case basis, so the risk premium varies from client to client. The risks involved and how long the case is expected to take to be resolved are just two factors that affect the fees that LawMax will charge. If you are approved for funding, LawMax will tell you the rate that will apply before there is any obligation on your part.
