Pre-Paid Legal Services Get Help with Finances

June 27, 2006 by Ty | 1 Comment

 MSN Money

Pre-Paid Legal Services Inc., a provider of underwritten legal assistance to members for a monthly fee, said Monday it received a $75 million five-year loan facility and a $5 million five-year revolving credit facility from Wells Fargo Foothill Inc.

Proceeds will be used to fund a 1 million tender offer, to refinance about $15.3 million in existing bank debt and to fund further share buybacks, the company said.

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  • bill Oliver on August 6th, 2007 at 10:24 pm

    “Your sales people “puff” the benefits but do not tell you the real story, you take the 26$ a month then fight you on everything , benefits are not set up for the real world and what a real law suit cost, Our whole system is run by lawyers, the courts and judiciary system is made up and run by lawyers, we have no option but to hire a lawyer, the avg person can not navigate the legal system alone, no wonder as the laws are made by lawyers and the system is set up so you have no choice but to use a lawyer. And don’t even start talking price fixing., the way Pre Paid Legal is set up it does not cover the “real cost” of a lawyer, and makes you the user pay for the difference, and you nickel and dime what is covered. Lawyers live by billable hours and you even profess that in your sales pitch but your actual coverage does not even approach what it really cost. Takes lawyers to figure out a legal pyramid scheme that anybody else would go to jail for. Bill Oliver”

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