Yes. Due to the unpredicted nature of legal claims, we cap all rates in the second or third year from when you take out your last lawsuit cash advance. This means you won’t get charged more money after you reach that cap if your case takes longer to settle or ends up going to trial.
We cap our rates because one of the factors that cause setbacks both for pre-trial and settlement purposes is ‘the victim’s lack of resources.’ Insurance companies tend to use various tactics not to settle or drag on personal injury claims. Also, different insurers handle claims in multiple manners, which can also speed up or slow down the process.
Secondly, reaching a settlement is impossible to predict because it can highly depend on your case’s complexity and the nature of your injuries. For instance, catastrophic injuries caused by a commercial vehicle are cases that may take years to settle because they may be worth large amounts of money. On the other hand, soft tissue injuries, such as contusions (bruises), sprains, stress injuries, or strains, usually carry a much lower value and take a faster time to resolve.
It is a fact that 95 percent to 96 percent of personal injury cases settle pre-trial, and even that can take years to conclude. Additionally, four percent of cases do go to trial, which significantly affects the time you will get your compensation paid.
Under such circumstances, if your legal battle takes a different turn and takes much longer to reach a fair resolution, you will be protected with our capped-rate personal injury lawsuit loans.