CONSUMER ALERT:
Beware of Lawsuit Loan Sharks!
Lawsuit loan sharking can mislead and hurt consumers by preying on people when they are at their weakest – such as someone injured in an accident and struggling to pay medical bills. Lawsuit loan sharks – also called lawsuit lenders – advertise on the Internet to target consumers who are involved in certain lawsuits. They offer to pay plaintiffs up-front in the expectation that the plaintiffs will receive a large award from their lawsuit. But while lawsuit loan sharks claim to offer financial help, their fees are often so high that consumers end up with nothing or – even worse – end up in debt even after receiving their lawsuit award or settlement
Don’t become a victim of lawsuit loan sharks. Protect yourself and your family, friends and neighbors by taking the following actions:
- Ask your elected leaders to take action to ban lawsuit loan sharking in your state.
- Learn the top 5 reasons to be wary of lawsuit loan sharks.
- Read about the dangers of lawsuit loan sharking in The New York Times.
- Find out what others are saying about lawsuit loan sharking.
- Share our Consumer Alert palm card with your friends to warn them.
- Become an educated legal consumer by reading our Legal Consumer Guide.
