Frequently Asked Questions
Frequently Asked Questions
Below are some frequently asked questions regarding our legal funding for both attorneys and plaintiffs. We want to make the legal funding experience for both our attorney and their plaintiff clients easy, fast and reliable. It is our goal to keep everything very transparent and our FAQs page helps to answer any and all common questions for both our attorneys and their plaintiff clients. If there are any questions that need further explanation and or you have a specific question not on this webpage, please feel free to contact us directly at 855-855-FUND(3863) and one of our account managers will be happy to answer or help you with your question.
You can also email us here today to discuss your case and or question that might need further clarification.
No, generally Momentum Funding purchases an interest in the potential settlement money of a plaintiff’s case. If the case is lost, you do not owe Momentum Funding any money.
Some states do treat the funding as a loan. Momentum Funding LLC is also licensed to make limited recourse loans in the State of Illinois under the Consumer Installment Loan Act, License Number CI 4535. Momentum is licensed to make loans by the State of Missouri Division of Finance as a Consumer Credit Loan Company, License Number 367-17-7639
Missouri Maximum Rate
The maximum interest rate for Momentum Funding’s loans in the State of Missouri will not exceed 60%. The maximum fees charged by Momentum Funding will be 10% of the principal loan amount not to exceed $100.00.
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