Fair Rate Funding | Reviews From Around the Web

Fair Rate Funding  Reviews From Around the Web

Fair Rate Funding is a New Jersey based lawsuit loan company founded in 2007.

They offer pre-settlement loans for people with pending lawsuits who need cash to meet their financial needs. They have their own underwriting process and provide clients with a wide range of cash advancement amounts, depending on the value of their case.

Pre-settlement funding provides your money in exchange for part of your future settlement. If you settle your case, the company receives the portion of the settlement they purchased. However, if you lose your case, you don’t have to pay the company back.

Fair Rate Funding offers low-interest rates for cases that are more likely to win, like rear-end auto accidents that cause an injury. In most situations, applicants receive approval and a cash advance within 48 hours. Fair Rate Funding also provides funding for almost every type of case, ranging from car accidents and medical malpractice to product liability and workers’ compensation.

Review Overview
3 reviews → 3.5 out of 5 stars
21 reviews → 4.6 out of 5 stars
1 review → 5 out of 5 stars
A+ rating, no reviews
No reviews

Some of the good things people are saying about Fair Rate Funding:


They worked hard until I was able to get funded for the funds I needed. I researched all the major competitors. And, I would highly recommend this company over the other companies in the industry. EXCELLENT!


Rebeca M. from California left a 5-star Yelp review in 2017


Awesome rates, good customer service and for being 6 hrs behind, Marjie and Paul were very helpful and straightforward. You guys helped me out tremendously and I really appreciate it.


Evan T. left a 5-star Google review in July 2019.

Some of the negative reviews about Fair Rate Funding:


Funding was quick and fast. Fees were and are high including the sending fee which isn’t known until it’s deducted.


Roscoe H. left a 3-star Google review in 2018.


They are slow, annoyed by phone calls, and then use fraudulent info to deny just to get you an answer. Please use someone else.


Tamara S. from Florida left a 1-star Yelp review in 2015.

How Ally Lawsuit Loans and Fair Rate Funding Compare

When searching for lawsuit funding, it is imperative to know all of your options. Here is how Ally Lawsuit Loans compares to Fair Rate Funding.

Ally Lawsuit Loans Guarantees the Lowest Rate for Every Type of Case

For many funders, the interest rate of a lawsuit loan depends on the nature of your case. In fact, Fair Rate Funding states that someone that sustains injuries in an auto accident will have a loan with a lower interest rate than someone who slips and falls.

In contrast, Ally Lawsuit Loans guarantees the lowest interest rate in the industry for all case types.

Both Funders Offer Risk-Free Lawsuit Loans

Both funders offer risk-free loans regardless of the case. If you don’t win your lawsuit, then you do not have to pay the lender back for the loan. 

Both Funders Approve Loans Within the Same Timeframe

Fair Rate Funding claims that it has a 24 to 48-hour approval process. Afterward, they wire funds to the client within 24 hours. Ally Lawsuit Loans approves and distributes most loans within 24 hours, with very few exceptions.

Neither Funder Performs a Credit Check on Their Applicants

Most lawsuit loan companies do not check your credit while reviewing your application for lawsuit funding. Both Ally Lawsuit Loans and Fair Rate Funding ignore credit during the application process.

Fair Rate Funding Offers Advances with No Maximum

Depending on the value of the case, Ally Lawsuit Loans offers cash advances ranging from $500 and $750,000. Fair Rate Funding has a minimum of $500 advance but does not have an absolute maximum amount.

Get a Lawsuit Funding Quote Today

Contact Ally Lawsuit Loans if you cannot wait for your settlement. Our application is quick and easy. We guarantee the lowest rate for your case and approve most applications within 24 hours. Our loans are also risk-free; you don’t have to pay us back unless you win your case.

Apply today for pre-settlement funding or call 800-760-0704 to learn more about lawsuit loan solutions.

Is a Lawsuit Loan Actually a Loan?

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No. What we offer is a non-recourse cash advance against your potential lawsuit settlement. Non-recourse means that if you "lose" your lawsuit, and you don't get a settlement, you have no obligation to repay us. This is the key difference between what we offer and what is traditionally thought of as a loan. Because repayment is not required if you lose your case, a non-recourse cash advance is typically considered by our clients to be far more appealing than a loan. We use the language "lawsuit loan" – as do most all companies like ours – because a non-recourse cash advance is a relatively new type of financing that not many people are familiar with. We know from market research that when folks are looking for what we offer – a cash advance on a pending lawsuit settlement – they most often think of it as a loan, and so that's what they search for. We want to make sure that these folks can find what they are looking for, which is why we often refer to what we provide as "lawsuit loans". Have more questions about what we do? Don't hesitate to reach out.

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Settlement Checks: How Long Can a Lawyer Hold Money in Escrow?

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Litigation can last for months or years, so you probably felt excitement when you finally reached a settlement. However, your settlement award may be harder to access than you imagined. For instance, some lawyers hold your settlement check for months, delaying your access to the cash you need. The settlement check process is one more hurdle you must overcome in resolving your claim. So how long can a lawyer hold money in escrow? We give you an overview of the settlement check process here. Four Steps to Getting a Settlement Check To get your settlement check, you must resolve these four matters. Signed Release Forms When you reach your settlement, you must sign a release form. This form is a legal document that states you will not pursue further legal action on the same claim. Expect to sign a release form for each defendant in your claim. Your lawyer will carefully review the terms of the release form before you sign, and you can request modifications if necessary. Delayed Payment State law should give the defendant a timeline for paying the settlement. Some defendants wait until the last moment allowed by state law to pay your settlement, causing delays in receiving the money you’re owed. Check Clearance When the defendant pays your settlement, the money goes to your lawyer, who holds it in an escrow account. The check may take up to a week to clear, and then the funds are available to pay debts. Once the check clears, your lawyer takes their fee from the funds and next pays other liens and lawsuit-related bills. Settlement Lien Payment During your lawsuit, parties may have placed liens on your settlement. A lien gives someone else the right to your property to pay a debt. For example, if you have unpaid medical bills, the hospital or doctor may place a lien on your settlement. Your lawyer will also use your settlement funds to pay expenses related to litigating your case, including: Expert witness fees,Private investigator fees, andMedical examinations.  Your lawyer can quickly pay most liens on your account once settlement funds are available. However, government liens, such as those from Medicaid, can take longer to resolve. After your money moves through these four steps in the settlement check process, your lawyer sends the remaining balance to you. Unfortunately, delays at each step can cause you to wait weeks or even months for access to your settlement funds.  Access Settlement Funds Faster If you need access to your settlement check sooner, Ally Lawsuit Loans can help. Ally Lawsuit Loans offers cash advances on your lawsuit settlement. You pay back the cash advance when you receive your settlement.  Here are some things you should know about Ally Lawsuit Loans: We offer the lowest rate guarantee in the industry; You pay nothing back if you lose your case; and You can qualify for a lawsuit loan within 24 hours. To find out more about getting a lawsuit loan or to start your application, contact Ally Lawsuit Loans. You shouldn’t have to stress while you wait for the slow settlement check process, so we’re here to make the wait easier.

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How Much Is Your Slip and Fall Claim Worth?

| Read Time: 3 minutes

A slip and fall injury may seem like a relatively minor injury to some. However, if you have a slip and fall, you know that this isn’t always the case. Slip and fall injuries come in just about every form. Traumatic brain injury (TBI), paralysis, whiplash, and broken bones are just a few possible slip and fall injuries. Such injuries can be quite costly. According to the CDC, unintentional injuries cost Americans more than $450 billion per year in medical and work loss costs. Of those costs, more than one-third are from fall-related injuries. That means that fall-related injuries cost Americans about $150 billion per year. No metric would consider that amount insignificant. Lawsuit Loans Help While the Legal Process Runs Its Course If you have a slip and fall injury caused by someone else’s negligence, you are entitled to recover damages. If you’re reading this, you likely plan on hiring a lawyer to file a lawsuit or have already done so. Settlements don’t happen overnight, but medical bills come quickly, and life won’t wait for your settlement payment.  If you’re filing a lawsuit and need financial assistance while you wait for your case to settle, a lawsuit loan is an excellent option. Ally Lawsuit Loans is an industry leader in pre-settlement funding. If you’re considering pre-settlement funding, you will want to know how much you should borrow. A good way to answer that question is to ask about typical slip and fall cases’ payouts. While each lawsuit is different, a few factors can help you estimate what your slip and fall claim is worth. Estimating the Worth of a Slip and Fall Claim To get a general idea of what your slip and fall claim is worth, the most important things to consider are the severity and type of injuries and damages. Generally, the more severe your injuries, the more your claim is worth. More costs bring a higher settlement. To illustrate what this may look like in practice, consider two hypothetical examples. Example One In the first example, consider you have a severe slip and fall accident. You hit your head, suffering a concussion, and break your ankle while falling. An ambulance takes you to the hospital. There, your ankle requires surgery and a three-day stay to monitor your potential brain injury. You miss work during that time. Once your hospital stay finishes, you can’t work for a month as you recover from your surgery. Furthermore, you need physical therapy for a few months to fully heal. Luckily, the concussion does not leave long-term effects. However, you see a brain injury specialist a couple of times to ensure that more serious problems are not lurking below the surface. Example Two Now, consider a less severe slip and fall accident. In this case, you slip on a wet spot at the supermarket and fracture your wrist. Your spouse drives you to your physician the next day so you can get an x-ray. You find out that you will need to wear a cast for a few weeks. You have to miss work during that time, but otherwise, you fully recover. Comparison These two examples are drastically different. As such, the settlement of their clams will also be drastically different. The first example requires surgery, emergency transport, a hospital stay, continuing care, and medical specialists. Such costs add up very quickly, so to fully recover damages, the claim’s settlement will be very high. Contrast this with the second example, where you saw a normal physician and missed work. While such medical bills are not insignificant and missed work requires compensation, the final settlement will be dramatically less than the first example. The best way to estimate your settlement amount is to add up all the injury’s various costs. Your Attorney Can Help You Estimate the Claim Amount Your attorney can help you estimate your final settlement amount. They know all the facts and circumstances of your case. With this information and their prior experience with similar cases, they can help you add up all your injury’s economic and non-economic costs to come up with an estimate of your final settlement amount. Considering a Lawsuit Loan? If you’re considering a lawsuit loan for a slip and fall claim, contact Ally Lawsuit Loans today. Our application process is quick and easy. Furthermore, we offer a lowest-rate guarantee and 24-hour application turnaround. Best of all, if your claim is not successful, you won’t owe us anything. You deserve an ally while you wait for your settlement, so contact Ally Lawsuit Loans today!

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