As regular Project Lawsuit Abuse readers know, lawsuit lending is a practice in which companies offer loans to individuals in the midst of a lawsuit. Typically, people take lawsuit loans to fund immediate needs, such as medical bills and funerals, while waiting for settlement money. Unfortunately, many lawsuit lenders charge outrageously high interest rates, meaning that people frequently end up with more debt than they initially had.
Some entrepreneurs have expanded the concept of lawsuit lending, taking it to a whole new level. Big time investors are now putting their money behind big time lawsuits, with the hopes of making millions.