NEW
YORK, July 16, 2024 /PRNewswire/ -- Cartiga, an
industry leader in providing money to consumers pursuing personal
injury claims, is setting the standard for full transparency in
consumer legal funding. This funding enables consumers to pay
household and medical bills during the legal process, allowing them
to reject "lowball" settlement offers from insurance companies and
achieve a fair recovery.
To ensure consumers fully understand the benefits and costs of
legal funding, Cartiga is promoting legislation across the country
that requires full disclosure of funding terms to protect
consumers. Cartiga's contracts are in plain language with simple
words and easy-to-follow numbers, presenting the benefits and costs
clearly so the average consumer can understand exactly what they
are getting and what they will pay to Cartiga if and when their
case resolves. This disclosure includes whether anyone other than
Cartiga is getting paid fees, how much they are getting paid, and
who is paying them.
Cartiga's funding contracts are transparent from page one. Right
upfront, Cartiga shows the dollar amount provided to the claimant
and the amount to be paid by the consumer if they recover on their
legal claim in the future. If there is no recovery, the consumer
owes nothing. The first page also shows how the amount to be paid
increases every year that the legal claims are ongoing, including
the one-time fee for Cartiga's administration of the funding
contract over time.
These disclosures eliminate confusion about the exact amount
consumers must pay if they receive a recovery. The first page
states, as an "annual percentage rate," how the cost of the funding
compares to the amount received.
Cartiga encourages all consumers to review their funding
contracts with their attorneys before signing to ensure they fully
understand all the terms. Cartiga believes that consumers are
satisfied with the funding they receive when they know both the
benefits and the costs. Since Cartiga's goal is satisfied
customers, it is in everyone's best interest to ensure full
transparency.
About Cartiga
Cartiga is a leading provider of legal pre-settlement funding to
consumers, and working capital funding to law firms, who are
pursuing personal injury claims. We have over 20 years of
experience in delivering fair, fast and reliable funding at
competitive pricing. We are also a trusted partner for law firms
that provides data-driven funding solutions with exceptional
service. Our vision is to be the premier legal funding provider
that empowers law firms and their clients to achieve outstanding
results by providing a seamless experience from initial application
through final settlement.
For more information, visit www.cartiga.com
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SOURCE Cartiga