No monthly payments and if the case results in a zero recovery, the client is released from repayment. Securing a loan requires repayment and monthly payments. By evaluating the risk associated with the case.
Risk includes liability, documented damages, projected time to case settlement and amount advanced.
Based on a percentage of anticipated distribution. A. No, the case merits are the primary consideration when determining an advance amount. It is based on the case strength and projected time to settlement. It can be calculated monthly or one amount regardless of when the case settles. Repayment is not based on an interest factor per month.