PREDATORY LOANS AND ALABAMA WORKERS’ COMPENSATION CLAIMS

Once a client reaches maximum medical improvement, by operation of Alabama law, the weekly checks will stop. During the interim, before we can get the client’s claim settled and paid, clients sometime look to take out a loan to pay the bills. This is not a good idea by any means because Alabama law states that these loans are most likely illegal.  Please consider getting a loan from some other source. It is very important to know that once you sign the contract for the loan even if your case does not result in a settlement where you get money, you will still have to repay that loan plus the interest!

If you have any questions or concerns about this issue or other issues on the law, please call the Nomberg Law Firm at 205-930-6900. Our website is www.nomberglaw.com.

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