The rising cost of disbursements, particularly court fees, places you and your clients under increasing financial pressure when pursuing a private client claim. Clients may have limited budgets and require third party funding to enable you maximise the prospects of winning their case.
We only provide loans to your client. Using our funds, you can reduce the amount of your own capital locked up in financing your clients’ disbursements. Our loan packages can be tailored to meet the specific needs of you and your clients.
Our Disbursement Loans are secured on an ATE policy from an insurer chosen by you and your client. In the event that the case is lost, our loan capital is repaid from the proceeds of the ATE policy. The unpaid interest is written off by Affiniti.
If the case is won our loan and interest is repaid, through you, from the proceeds of the successful claim. We charge interest on a simple, not compound basis, and all interest is only payable at the time that the case is resolved.
For disbursement funding our loan is structured as a facility that can be drawn down in tranches as required – your client does not pay interest on funds until they are needed. Funds are placed in your client account and the expenditure on court fees, medical reports etc is managed by you on behalf of your client.
Our products are structured so that, if their case fails, your client does not need to find any money from their own resources. Affiniti’s lending is based on the strength of your client’s claim and we look to that claim for the repayment of interest and capital.