Over the last 10 – 15 years or so, many companies have commenced offering litigation loans to individuals who are involved in litigation, specifically in personal injury litigation. In essence, these companies will lend money to injured parties to pay for such things as ongoing medical treatment, rehabilitation, living expenses and disbursements. On the one hand, the main benefit of a litigation loan is that the injured person obtains funding to assist him while they go through the litigation process. On the other hand, there is a very high interest rate charged on the litigation loan advanced. Litigation loans can be and are often very expensive. For instance, the interest charge on litigation loans are often similar to or higher than rates charged by banks on credit cards …