Personal Injury Disbursement loans
Our Personal Injury Disbursement loans can be used to fund the expenses incurred in pursuing a claim such as expert medical reports, court fees and/or the After The Event (ATE) Insurance Policy premium.
How does the funding work?
- The repayment of the loan is secured by an assignment of the ATE Insurance Policy and undertakings given by your solicitor in relation to the proceeds payable under the claim. In the event that a claim is lost or discontinued, the loan is repaid to Affiniti from the insurance policy proceeds
- We charge interest on a simple, not compound, basis and this interest is not payable until the claim is resolved
- The money is drawn down as required by the solicitor running the claim, and paid directly into the law firm’s client account
The Benefits
Key Facts for Law Firms
- This product is available on an individual case basis, where Affiniti’s team complete case by case underwriting, or on a delegated underwriting authority
- Funding helps to preserve your company’s capital and cash flow
- Ability to utilise Affiniti expertise to streamline funding requests for your clients
- Our options offer flexibility to your clients
Key Facts for Consumers
- A high-quality personal service, with prompt credit decisions
- You need to assign to Affiniti the benefit of the ATE Insurance Policy, which will protect the repayment of your loan if your claim is unsuccessful
- If you receive an interim payment from the defendant, you can repay your loan early with no early repayment charges