At Bayshore Funding Solutions, we strongly believe not only in what we do, but also in the service that we provide. We want both our clients and their attorneys to feel secure in every aspect of the legal funding process. We understand that from a legal perspective, one of the things that most concerns an advising attorney is full information disclosure. We make sure that the client is aware of all the fine print and any ambiguous terminology. This process should be a painless one for all parties involved, and our goal is to provide all parties with the information they need in order to make an informed decision.
BELOW YOU WILL FIND 5 COMMON QUESTIONS ASKED BY PLAINTIFFS AND ATTORNEYS:
1. What are your fees? Are there any additional hidden fees involved?
Since we are taking a risk, we do charge a rate of return to fund a portion of your settlement in advance. We charge clients a percentage rate of the amount funded. The rate is determined by assessing multiple factors, including the market and case strength. There are NO additional hidden fees or surprise rates. The rate will always be disclosed to you and your attorney prior to funding. When you conduct fair and responsible funding, transparency of fees is of vital importance and we pride ourselves on leading the industry.
2. Where are you based out of and why should I use you company?
Our corporate headquarters is based out of Tampa, Florida; however, we do fund in most states and work with a high percentage of southeast residents. We believe that each situation is unique, and therefore we work with each client’s specific needs to make the process as simple and straightforward as possible. You can also be confident in knowing that our principals have over 20 years of experience the insurance and legal fields.
3. Is it going to be a hassle to use your company?
Aside from having some of the lowest rates in the industry, we pride ourselves on faster funding and a simpler more personal process, while maintaining the highest level of customer service. Once we are provided with the initial documents, we quickly take care of all the work, contacting you only when necessary. We do not have any confusing monthly plans to follow or require you to make any monthly payments. We only receive proceeds in order to satisfy your commitment with us after you’ve won your case, though we give clients the option to pay back the amount in full, any time before the case is concluded without a penalty fee or charge.
4. Are you going to over fund on my case?
No, we are responsible in our funding and in a majority of situations we recommend to our clients that they borrow the least amount of money possible, to get by during the trial period. We also consult with our clients and ensure they understand that legal funding is not the answer in every situation.
5. What types of cases does your company fund on?
Some of the cases we fund on include Auto Accidents, General Negligence, Jones Act (Maritime,) Mass Tort, Medical Malpractice, Personal Injury, Product Liability, Wrongful Death and more. We look at all cases and give a preliminary determination if we are able.