In this episode, we delve deep into the often-overlooked world of case loans. What are they, and when might someone consider one? We examine the startlingly high interest rates of these loans, referencing a 2018 New York Times investigation, and discuss the significant risks borrowers may face. We shed light on the dark side of this under-regulated industry, drawing from a report by the Center for Justice and Democracy at New York Law School and a study published in The Review of Litigation. We also discuss how case loans can complicate legal proceedings and affect attorney-client relationships. Wrapping up, we explore better alternatives to case loans, emphasizing the importance of professional financial advice. This episode is crucial listening for anyone considering a case loan, or for those simply interested in understanding this complex aspect of the financial landscape. Tune in, and equip yourself with the knowledge to make better financial decisions.
