The catch
The catch is that they are a loan of the settlement amount at a very high interest rate, higher than any bank or credit card company would charge, possibly the highest allowable by law. I've seen fine print quoting annual interest rates of 22-25%.
You may be able to borrow against some other asset, such as a home equity loan if needed. Interest rates for these are hovering in the 5% range.
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L5-S1 rupture 11/04, left leg pain for 2 wks
Regular exercise/pain-free until 2007
L5-S1 degen. disease w/constant pain since 6/07
PT, ESI, SI jt injections, 3-level nerve root inj. x 2
Massage, heat, ice, TENS, etc
L5-S1 Charite Jan. 19th, 2009, very happy w/decision
New back pain in upper back though.
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