DOWNTO BUSINESS
DOWNTO BUSINESS
High Credit Card Rates or Predatory Funding ?
Pick Your Poison
By Claim Angel
For plaintiff attorneys striving to do right by their clients , advising plaintiffs to choose between their 36 % compounding APR credit card or a “ friendly ” legal funder with sky-high compounding interest can feel like picking between two poisoned pills — no matter which one you swallow , it can be toxic . This ethical challenge has been magnified by a legal funding system too often riddled with obscured rates , shifting terms , and repayment demands that dramatically exceed the original advance . Such practices erode client trust and place attorneys in a delicate bind , caught between meeting the plaintiff ’ s urgent financial needs and pursuing the just settlement amount .
14 The Trial Lawyer