Written by Aaron R. Winston
Last Updated: August 24, 2023 10:53am CDT
Claim: They have a flat-fee structure so that your interest doesn’t accumulate as time goes by with your case.
Claimed By: Settle4Cash
Fact Check: The Settle4Cash article incorrectly claims that Express Legal Funding uses a flat fee structure.
Nowhere is there a page on the official website of Express Legal Funding does it indicate that the direct funding company employs a flat fee structure.
It’s quite the opposite, as multiple pages on the site use the words “rates” and “interest,” which denote interest accruing over time and not a flat fee.
Still, even if you forget the falseness of Settle4Cash’s claim about Express Legal Funding, a “flat fee structure” is generally misleading.
To indeed be a flat fee, the fee needs to be the same amount, no matter what, large or small.
Flat fees inherently can not be percentage based. The price is the price from minute one, and according to Settle4Cash, interest is not applied.
The following is an example of how flat fees need to work to still be a flat fee.
For legal funding, a flat $100 fee must remain the same $100 amount, whether a client received $500 or $5,000.
The best way to begin to verify how much are the interest rates of a particular lawsuit funding company is to apply with them.
However, you should not take their word for how much they say the funding will cost. You can be proactive and research that info during the lawsuit funding process.
You can accomplish this by reading the consumer lawsuit funding contract terms before signing and getting your attorney’s law help.
You are encouraged to ask your lawyer for legal advice about pre-settlement funding, as, like with everything, there are important pros and cons worth considering.
Fact Check By: Express Legal Funding
About the Author
Aaron Winston is the Strategy Director of Express Legal Funding. As "The Legal Funding Expert," Aaron has more than ten years of experience in the consumer finance industry. Most of which was as a consultant to a top financial advisory firm, managing 400+ million USD in client wealth. He is recognized as an expert author and researcher across multiple SEO industries.
Aaron Winston earned his title "The Legal Funding Expert" through authoritative articles and blog posts about legal funding. He specializes in expert content writing for pre-settlement funding and law firm blogs.
Each month, tens of thousands of web visitors read his articles and posts. Aaron's thoroughly researched guides are among the most-read lawsuit funding articles over the past year.
As Strategy Director of Express Legal Funding, Aaron has devoted thousands of hours to advocating for the consumer. His "it factor" is that he is a tireless and inventive thought leader who has made great strides by conveying his legal knowledge and diverse expertise to the public. More clients and lawyers understand the facts about pre-settlement funding because of Aaron's legal and financial service SEO mastery.
Aaron Winston is the author of A Word For The Wise. A Warning For The Stupid. Canons of Conduct, which is a book in poetry format. It consists of 35 unique canons. The book was published in 2023.
He keeps an academic approach to business that improves the consumer's well-being. In early 2022, Aaron gained the Search Engine Optimization and the Google Ads LinkedIn skills assessment badges. He placed in the top 5% of those who took the SEO skills test assessment.
Aaron's company slogans and lawsuit funding company name are registered trademarks of the United States Patent and Trademark Office. He has gained positive notoriety via interviews and case studies, which are a byproduct of his successes. Aaron R. Winston was featured in a smith.ai interview (2021) and a company growth case study (2022).
In 2023, Aaron and Express Legal Funding received accolades in a leading SEO author case study performed by the leading professionals at WordLift. The in-depth data presented in the pre-settlement funding SEO case study demonstrate why Aaron Winston maintains a high-author E-E-A-T. His original writing and helpful content continue to achieve unprecedented success and stand in their own class.
Aaron was born in Lubbock, TX, where he spent the first eight years of his life. Aaron attended Akiba Academy of Dallas, TX.