The US Chamber of Commerce has been on an aggressive "truth" campaign about lawsuit lending. The US Chamber and its Institute for Legal Reform have been on an aggressive "truth" campaign on the Internet, through its many online websites, and in the fake newspapers that the US Chamber of Commerce owns. They have also had their paid advocates testify recently in Alabama, Indiana, Tennessee and several other states (expect more soon in Louisiana, Illinois and South Carolina) about Lawsuit Lending "Truths". In fact, the US Chamber of Commerce owns every variation it can of the URL lawsuitlendingtruth. I hope to help the US Chamber of Commerce and its Institute for Legal Reform (its Tort Reform arm) with its lawsuit lending truth mission.
For background, lawsuit lending serves citizens who are suddenly unable to work, usually those involved in an automobile accident. It affords access to funding to pay for essential daily expenses such as rent, transportation, utilities or food while their legal claims are being settled. Agreements are non-recourse, meaning that unless there is a settlement, the consumer has no obligation for repayment. Lawsuit lending bridges the financial gap from the time an accident occurs until a consumer has a chance to rightfully and fairly settle their injury claim. The product gives consumers staying power despite having limited bargaining power against large insurance interests.
So if it is not obvious from that description, what are the truths about what makes the U.S. Chamber, State Farm, Allstate and Chevron hate lawsuit lending?
Lawsuit lending truth #1: State Farm, Chevron and Allstate sit on the board of the US Chamber of Commerce, and on its tort reform affiliate the Institute for Legal Reform. In fact, State Farm CEO Edward B. Rust, Jr. has been serving as the Chairman of the US Chamber of Commerce.
Lawsuit lending truth #2: Legal Funding, aka lawsuit lending, helps consumers survive financially when in litigation over injuries that big insurance companies such as State Farm and Allstate are legally responsible for under their automobile liability policies.
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