Fair Rate Funding

fair rate funding

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.

SourceReview Overview
Yelp3 reviews → 3.7 out of 5 stars
Google22 reviews → 4.5 out of 5 stars
Facebook5 reviews → 5 out of 5 stars
BBBA+ rating, no reviews
Consumer AffairsNo Reviews

Positive Reviews For Fair Rate Funding:

"Fair Rate Funding is a life saver literally, I need funds to help assist with a close family member pay for some very deadline sensitive family expenses and the deadline was fastly approaching. I didn't think it was possible to get funded so quickly but It happen and I was able to assist a family member make their deadline to pay for an important expense. Thank you very much Fair Rate Funding for helping me to help my family member."

Derrick C. left a 5-star Google review in August 2023


"Gave me the funds I needed while I was waiting on my settlement."

Mary Beth I. left a 5-star Google review in July 2020.

Negative Reviews For Fair Rate Funding:

"Funding was quick and fast. Fees were and are high including the sending fee which isnt known until its deducted..."

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

"They say on their website 23-48 hours for settlement loans. They are full of Bologna. Then said I was denied do to medical and tax liens which do not exist! There are so many of these places! do not use this one! 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.

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