The ACL Blogger has noticed more and more unlicensed lawsuit loan companies popping up throughout Illinois and throughout the rest of the nation.

It is extremely dangerous to deal with an unlicensed lawsuit loan company. They can charge outrageous costs such as prepayment penalties, minimum repayment amounts and brokers' fees.

A story from a past applicant explained how much an unlicensed company took advantage of them. They told a story of how they needed $3,000 to get out of a terrible family situation and they were completely broke. The only thing they could do was attempt to take out a lawsuit loan. They went search online and found a company based out of Massachusetts.

This company knew how to sell their product. They threw a bunch of legal and finance mumbo-jumbo in her direction and she didn't know any better. She signed the papers and took the money. Little did she know that this was a lawsuit loan that was going to be compounded monthly and take out a broker fee as well.

A year and a half later she called them to see what she owed. The litigation finance company told her that her total was now above $20,000.

She was astonished. She couldn't understand how a simple $3,000 loan could turn into such a fiasco. This lawsuit loan would now take close to 1/4 of her case.

This is the extreme danger when dealing with an unlicensed lawsuit loan company.

Advance Case Loans is licensed by the Illinois Department of Financial Institutions. Never charges a broker fee, never charges a prepayment penalty and always offers FIXED RATE LOANS with NO COMPOUNDING.

Advance Case Loans, a leading lawsuit funding company, has placed their full application on their website allowing individuals looking for lawsuit loans to apply without ever having to pickup the phone.

"We have found that this streamlines the entire process," said marketing director Howard Citron.

This allows individuals to communicate strictly via email, making a more comfortable transaction for many.

CHICAGO - Advance Case Loans announced today that during the current financial crisis they are open for business with unlimited resources.

With an understanding of how the weak economy is affecting those in the middle of a lawsuit, Advance Case Loans has declared no limits on lawsuit loans.

Advance Case Loans is a licensed litigation funding company in the state of Illinois. They offer FIXED RATE LOANS with NO COMPOUNDING OF INTEREST.

Let Advance Case Loans save you thousands of dollars.