Unlike many law firms, Your Claim Lawyers will fund all outlays when we take on your claim. We use our own money to pay expenses like medical records and medico-legal reports. Other firms use litigation lenders or disbursement funders to pay these expenses.
- A litigation lender, or disbursement funder, is a private business that lends money to law firms for the payment of outlays incurred during a person’s claim;
- Many personal injury law firms use litigation lenders because they do not want to spend their own money on your claim;
- We do not use a litigation lender or disbursement funder at Your Claim Lawyers.
Litigation lenders and disbursement funders can have exorbitant interest rates (think 15-25% per annum!). Add to this a set up fee, draw down fee, and account keeping fees. The high interest and fees eat into your compensation, and reduce what you could receive ‘in the hand’ from your settlement.
We believe that you deserve your money, not some faceless financial company!