Bank personal loans are cheaper if you qualify — but most injured claimants can't get one. Here's the realistic comparison.
Bank personal loans typically require strong credit (680+), stable employment, and documented income. Injured claimants who can't work often don't meet those criteria.
Even claimants who qualify face APRs of 8% to 20% and monthly payments that must be made regardless of case outcome or future income.
Pre-settlement funding has no credit check, no income requirements, no employment requirements, no monthly payments, and no recourse if the case loses.
For claimants who qualify for a bank loan and are confident in case timing, the bank loan is usually cheaper. For everyone else, pre-settlement funding is structurally the better option.
AARC can run a side-by-side comparison for your specific situation. Call (800) 297-3834 or apply online.
We'll give you a clear written cost projection before you commit to anything.