Settlement Loans Can Ease Your Mind As You Recover from Injuries

Have you been hurt because of someone else’s negligence? Are you the plaintiff in a lawsuit that seeks to hold that party responsible for their negligence, in that you have filed a personal injury lawsuit against them? If so, you’ve stood up for yourself and your rights, and expect that person to pay for their negligence – and for your injuries as much as is possible – so that you are compensated for your pain and suffering.

The problem is that you don’t get any compensation until your lawsuit settles or result in a jury award. What do you do in the meantime? Fortunately, something can help provide a sort of bridge to your personal injury money, whereby you can claim part of that settlement or jury award before it actually comes to you. This is done through settlement loans.

What these loans are

Settlement loans are loans taken out against your expected jury award or settlement amount. This type of litigation financing can give you great peace of mind; you simply use that money in any way you see fit, and focus on getting better.

What they aren’t

These loans are NOT like traditional loans. You don’t have to agree to provide collateral, or be subject to scrutiny of your credit history. What these litigation financing companies do is to take a close look at your lawsuit, make sure that it’s legitimate and valid AND is likely to result in a jury award or settlement, and then will approve the loan. Once approved, you can expect to receive about 10% of your expected jury award or settlement.

What must you do to apply for these loans?

If you decide this is something you want to do, you must first consult with your lawyer. He or she must also agree that this is a good idea, and must sign off on it. Your lawyer must also have been hired on contingency, as another qualification.

Once these requirements have been met, you fill out an application for a settlement loan and submit it to the company in question for approval. If you meet these approval standards, you receive the loan.

How are the loans paid back?

Settlement loans are only paid back if you win your case. If you do, just as with traditional loans, you’ll pay back the loan plus interest and fees. However, if you lose your case, you don’t owe the company who lent you the money anything. You can simply let go, and get on with life.

Some Highlights of Personal Injury Loans

Personal injury loans, like the name implies, are loans given to those who are involved in personal injury lawsuits and who qualify.  Actually a cash advance against the money you expect to win in your lawsuit, this funding makes it possible to avoid financial stress and pay creditors, medical costs, and other expenses while you wait for your claim to be settled.  Essentially, you can live comfortably and avoid “going broke” while waiting to get the settlement you deserve for the injuries you sustained because of someone else’s negligence.

Must personal injury loans be paid back on a monthly basis?  No.  Unlike conventional bank loans, you will not repay the money monthly with litigation funding.  In fact, you pay nothing at all until your lawsuit has been won and you have your money in hand.  At that time, you will repay the advance along with any fees and/or interest that apply.  Should your attorney fail to win your lawsuit, you will not repay any of the advance because settlement funding is a no-recourse process.

How can I apply?  The application process is a simple one that your attorney must be involved in.  With personal injury loans, if you have bad credit or no credit it makes no difference.  Nor does it make a difference if you are unemployed.  The litigation funding company only wants you and your lawyer to provide information directly related to the lawsuit, such as details of the accident or circumstances that resulted in your injuries, and the injuries themselves.  Your attorney can give you further details of the application process.

Personal injury loans give those who qualify the opportunity to obtain about 10% of their expected settlement.  This means that if your attorney has filed a lawsuit for $240,000, you will likely be advanced about $24,000.  Use the advance to buy groceries, pay household utility bills, or even have your vehicle repaired if it was damaged in the accident causing your injuries.

The process is quick and simple.  Unlike with most other forms of funding, litigation funding is quick and easy.  If you qualify, you will get the money you need almost immediately – usually within 24 hours.  No red tape or mountains of paperwork, no waiting for days or weeks to get the money you so badly need.

Personal injury loans have helped tens of thousands of injured victims avoid financial disaster, foreclosure, and even bankruptcy while waiting for their lawsuit to settle.  Is litigation funding the right solution for your particular situation?  Your attorney can help answer this question, and give you more insight into the process.  It is definitely worth your time and effort to learn more about this type of funding. Contact Mayfield Settlement Funding to learn more!

Lawsuit Loans – One Way Personal Injury Plaintiffs Can ‘Get Money Now’

Perhaps you’ve heard of lawsuit loans on television and wondered what they are, and how they work.  Litigation financing (another term for lawsuit loans) is simply a process in which you obtain an advance against a pending settlement.  This is an ideal solution for many injured victims who find they need money immediately to pay household bills, buy groceries and meet other financial obligations.

Many people accept the first offer the insurance company throws out simply because they feel they cannot afford to hire a lawyer or pursue justice through a lawsuit.  Lawsuit loans make it possible, as you will have the money you need for attorney fees, and to pay your bills while your lawyer fights your legal battle for you.  In most cases, those who qualify can have the money they need immediately, usually within 24 hours.

What does it take to qualify for lawsuit loans?  You don’t have to have good credit, or even be employed at the time you apply.  Litigation financing companies ask only for the information regarding the accident which caused your injuries, and the injuries themselves.  You will never be required to provide background information or other personal data.

Once your application is completed by your attorney and submitted to the funding company, it will be reviewed at once.  With lawsuit loans, most people who are approved can expect to get their money by the next morning, so there is no waiting for days or even weeks.  Additionally, there are no out-of-pocket expenses or upfront fees to worry about, as you pay all associated costs (fees, interest) at the time you repay the loan, which is when you actually have your money in hand.  If for any reason you fail to win your lawsuit, you owe absolutely nothing.

How can litigation financing companies go to such risk?  Only those who have a strong case will be approved, as most funding companies will not lend against a claim that is weak or frivolous.  If you have a solid case, chances are you will be approved.  Learn more about legal financing here.

In most cases, lawsuit loans allow injured victims to obtain an advance of about 10% of their expected winnings.  For instance, if your attorney has determined the value of your claim is $150,000 and filed suit for that amount, you may expect an advance of about $15,000.  This money will help you live comfortably for the duration of your lawsuit, so that you do not face financial problems.

If you are involved in a personal injury lawsuit and having a tough time meeting your financial obligations, discuss lawsuit loans and their advantages with your lawyer.  Litigation financing is a real solution that while not right for everyone, may be right for your situation.

Personal Injury Loans Allow Injury Victims to Ease Immediate Financial Pressures

In short, personal injury loans are simply an advance against a pending settlement you expect from the insurance company or through a jury award.  Injury victims are often convinced to accept the offer from the insurance company, even though the amount is typically only a fraction of what you deserve.  It’s hard to turn down, particularly when you’re facing a mountain of bills.  Litigation funding helps you get the money you need for bills immediately, so that you can avoid settling for the low-ball figure the insurance company offers.

The responsible party’s insurance company will drag things out for as long as possible, hoping you will “cave in” and accept their offer.  Personal injury loans give you the money you need now, so that your attorney can continue fighting for full compensation and you can pay those medical and doctor bills, household expenses, etc.  In most cases, those who qualify can get an advance within 24 hours, sometimes even the same day.  How much will you be advanced if you do qualify?  In most cases, about 10% of your expected settlement.

Is qualifying for a personal injury loan difficult?  Not at all.  In fact, the process is quick and easy.  As long as you have a viable lawsuit (in other words one that is not frivolous), you will likely qualify.  Your lawyer will provide the litigation financing company with the required information, which pertains strictly to the accident and your resulting injuries.  Unlike with other types of loans, you are never asked to provide your credit rating, employment status or other private data.

With personal injury loans, you are never out any of your own money, because there are no up-front costs.  The minimal fees and interest that you owe the funding company will only be paid at the time you repay the loan, which is when you actually receive your settlement.  If you do not win for any reason, you owe nothing because the process is non-recourse.  Essentially, personal injury loans do not put you at further financial risk.

Without sufficient financial resources, many injury victims find they are facing severe financial issues, even bankruptcy.  Medical costs are higher than ever before; if you cannot work, it becomes difficult if not impossible to pay the bills.  If personal injury loans sound like a good solution for your situation, learn more online and fill out an application, or discuss using Mayfield settlement funding further with your attorney.

Personal Injury Loans Provide Immediate Cash Against a Pending Settlement for Those Who Qualify

Personal injury loans are designed to help those who have been seriously injured in an accident pay the bills and avoid financial problems while awaiting settlement.  Many injured victims find that they need money immediately, to pay medical expenses, household bills, even to buy groceries.  Actually a cash advance against your pending settlement, personal injury loans allow those who qualify to get money right away, usually within 24 hours or less.

When you are injured, the bills can start piling up before you know it.  Medical costs today are skyrocketing; if you are unable to work because of your injuries, it becomes almost impossible to meet your financial obligations.  Personal injury lawsuits are known to take months to reach completion.  In the meantime, how can you pay your bills and possibly avoid bankruptcy?  Personal injury loans are the ideal solution for those with a strong, viable case.

How do you know if you qualify?  Personal injury loans are based solely on the accident and injuries you sustained, nothing else.  Your lawyer will submit the details of your claim, which have nothing to do with your employment status, past employment, credit history or any other personal information.  The litigation funding company will then review this information to determine if your case merits a loan.  If it does, funding is typically available the same day in most cases.

Are there any out-of-pocket expenses involved?  Settlement funding companies realize that those who are in desperate financial situations do not have money to spare for fees, interest and other costs.  Therefore, you pay nothing until you are actually awarded your settlement and have money in hand.  At that time, you will repay the loan along with minimal fees and interest.  In addition, personal injury loans are non-recourse, which simply means that you do not repay the funding company unless you do receive a settlement.  In other words, if you do not win, you do not pay.

All too often injury victims accept a low-ball settlement simply because they cannot afford to wait for months for their attorney to fight for the full compensation they deserve.  Personal injury loans help relieve your financial stress, so that you can pay your bills and live comfortably while your lawyer works to secure the full damages you deserve for your injuries.  While litigation funding isn’t right for everyone, it may be just the solution you are looking for.  Talk to your attorney about the process and its benefits, or learn more online.

Personal Injury Loans Can Protect Injured Victims Against Financial Devastation

If you have been injured in an accident caused by the negligence of someone else and are waiting for your lawsuit to reach completion, you may want to consider personal injury loans.  Injured victims frequently find they are facing huge medical expenses, the number one reason for bankruptcy today.  If you cannot work because of your injuries, it only compounds the problem.  Litigation funding may be a good solution for you; an explanation of how it works can be found below.

What exactly are personal injury loans?  Rather than an actual loan, it is an advance against your expected settlement.  In most cases, if you are approved by the settlement funding company, you can expect an advance of approximately 10% of your anticipated settlement.  So, if you and your attorney expect to be awarded $150,000 when your lawsuit settles, you may be advanced somewhere in the vicinity of $15,000.  This money may be used to pay medical costs, household expenses, attorney fees, etc.

Who qualifies for personal injury / legal financing loans?  Anyone with a strong claim which is likely to win.  Frivolous lawsuits are not accepted.  You or your attorney will submit an application to the funding company; the information requested relates only to the accident that caused your injuries, and the extent of your injuries.  You will never be asked about employment history, credit rating, etc.

How are personal injury loans repaid?  You only repay the advance at the time you win your lawsuit and have your money, plus minimal fees and interest.  With litigation funding, there are never any out-of-pocket expenses to put you further in debt.  Should you not win your lawsuit, you are not required to repay the advance, because the process is non-recourse.  Essentially, you are at no risk financially.

How long will it take to be approved and get an advance?  In most cases, personal injury loans are given within 24 hours of approval.  Once the information is submitted, the litigation funding company will review it right away, usually the same day.  You can get the money you desperately need immediately.

Personal injury loans not only help you avoid financial problems and live comfortably for the duration of your lawsuit, they also help your attorney by having the financial resources to fight aggressively and build a strong case.  Talk to your attorney about the litigation financing process today, and whether it’s right for your situation; it could save your financial future.

Settlement Loans – Financial Relief for Injury Victims Awaiting Settlement

Are you the victim in a personal injury lawsuit?  If you are, you may find that money is dwindling fast, and you can barely pay your bills.  Settlement loans offer financial relief to injury victims who are awaiting settlement, either from the insurance company or through a jury trial.  Today, medical costs are astronomical; if you are unable to work, chances are your financial resources are quickly evaporating.  In order to avoid foreclosure or even bankruptcy, you may find litigation funding a good solution.

Can anyone qualify for settlement loans?  No.  You must have a solid, viable claim in order to be approved for a loan, and claims considered frivolous are not accepted.  However, if you do have a strong case, chances are good that you will qualify.  With settlement loans, your attorney will submit the required documentation, which pertains only to your accident and injury – no background or credit checks, employment verification, etc.  If approved for litigation funding, you will receive the money you need immediately, generally within 24 hours.

Are settlement loans really “loans?”  Actually, litigation funding is an advance against your pending settlement.  Unlike conventional loans, there is no collateral required.  In the event that you do not receive a settlement, you are not held responsible for repayment of the advance, as the process is non-recourse.  There are no up-front fees or other expenses that come out of your pocket, and no monthly payments to make.  You simply repay the loan upon receiving your settlement, then keep the money that is left to do with as you please.

Pre-settlement Funding help injury victims pay the household bills, medical bills and other costs, so that you can focus on healing and winning your lawsuit rather than stressing about your finances.  In most cases, litigation funding companies advance those who qualify about 10% of their expected settlement. Unfortunately, many injured victims are desperate for money, or in too much pain to haggle with the insurance company – which means they end up settling for far less than they deserve.  Settlement loans help you avoid this, and keep fighting for your rights in order to obtain fair compensation.

With pre-settlement funding, you can rest easy knowing that if for any reason you are not awarded a settlement, you are at no risk.  While the money isn’t free (interest and minimal fees apply), you will find that it is well worth it considering you can pay your bills, and not be forced to accept a small portion of what you deserve from the insurance company.  Is litigation funding the right solution for your circumstances?  Your lawyer can help determine whether this is the best course of action for you.

Lawsuit Loans – Ideal for Those Who Cannot Wait for Settlement

When you’ve been injured due to the negligence of someone else, collecting on your injury case can be a long, drawn-out process.  Lawsuit loans come in very handy when your bills begin to pile up.  Whether your lawsuit has already settlement but you’re waiting on payment, or a lawsuit is pending, it’s a good idea to discuss litigation funding with your attorney, who must agree and sign off with you should you decide this is the route to take.

Whether you were involved in slip and fall or car accident, or even injured due to a faulty product although you used it as intended, a personal injury lawsuit takes time.  In the meantime, you may not be able to work because of your injuries.  However, that doesn’t stop the bills from coming in – and now, you’re facing substantial medical expenses.  Lawsuit loans help ease the financial burden, so that you can live as you normally would while waiting for your lawsuit to settle.

You must have a strong case in order to qualify, as lawsuits that are considered frivolous will not be accepted by the litigation funding company.  If you do have a strong case, it’s highly likely that you will be approved for a lawsuit loan.  How do you apply?  Your attorney will submit the required information, which is related only to the circumstances of your accident and your lawsuit.  Unlike other conventional loans, you will not be required to give any details in regard to credit rating or history, employment, or other background information.

With lawsuit loans, you can have access to a portion (usually 10%) of your expected settlement within 24 hours if you qualify.  This money can be used any way you see fit, such as for paying monthly bills, buying groceries, even attorney fees.  With litigation funding, you are at absolutely no risk; if for any reason you do not win your lawsuit and are not awarded a settlement, you owe nothing to the funding company.  You only repay the loan if you do win, and only when you receive your money.  Essentially, this means you never have out-of-pocket expenses to further increase your debt.

Simply put, with lawsuit loans you are given a percentage of your expected settlement before you ever reach settlement, so that you can live comfortably.  When your case is settled, you pay the litigation funding company back.  That’s it in a nutshell!  Even with the small fees and interest you will repay the funding company, you can expect to enjoy a much larger settlement than you would if you were to settle for what the insurance company offered instead of filing a lawsuit.

Are lawsuit loans for you?  Only you and your attorney can answer that question.  If your lawyer is representing you on a contingency basis (required in order to apply for a lawsuit loan) and you have a pending claim against a defendant, chances are you qualify.

Are Lawsuit Loans “Easy Money”?

Lawsuit loans are most definitely not easy money. You qualify for these loans if you have been a victim and are now a plaintiff in a personal injury lawsuit that’s pending and likely to either settle or result in a jury award.

Easy? Not exactly; injury is never something to laugh at, and it can make life very difficult. You may have had to take off of work and due to a reduction in income, you don’t have money to pay your bills, including the medical expenses you may have incurred because of your injuries. You of course get compensation if you win your lawsuit that can help pay these bills, but what do you do in the meantime? That’s where lawsuit loans can help.

Timely help with settlement funding in the form of lawsuit loans

The court system is a great creation, in that it helps bring justice to those who might otherwise not get it. However, justice itself is necessarily a complicated process, and that can mean results come slower than we might want or need them to. That’s where this type of litigation funding can help.

Lawsuit loans are offered to plaintiffs by companies that specialize in this type of settlement financing. However, these companies don’t want to check your credit, and they don’t want any collateral from you. They do want to check and make sure that your case is legitimate, that you’ve hired your lawyer on contingency, and that your attorney is in agreement that a loan is the right solution for your situation.

How does it work? You simply contact one a litigation funding company, fill out the application to get a loan of this type (again, with your lawyer’s approval and full consent), and submit to the review process. Once your case has been thoroughly reviewed, and has been found to be legitimate and likely to result in settlement or award, the company will give you a portion of your expected settlement or award; it’s usually about one tenth of the expected full amount.

No need to pay the money back unless you win

What makes lawsuit loans so helpful is that you will not have yet another monthly payment or obligation to add to your already mounting financial burden. Unlike most loans, you only have to pay your loan back if you win your case. If you win, the company reclaims the money it lent you, plus fees and interest, but if you lose your case, you owe the company nothing. In that sense, you could say that these loans are “free” money in that they free you of worry or obligation to repay unless you win your case. This is simply not true of other types of loans. Is litigation financing right for you? Discuss the possibility with your attorney; this is one solution that will allow you to live comfortably and with less stress while waiting for your settlement.

How Settlement Loans Help Injury Victims Financially

Have you been injured because of another party’s negligence?  You may be tempted to settle out of court, but beware – you will NOT be awarded the full compensation you are entitled to from the insurance company.  This is where settlement loans come in.  When you file a lawsuit, you will find that between attending court proceedings and possibly being unable to work due to your injuries, your financial resources disappear quickly.  However, it is to your advantage to file a lawsuit, because a skilled attorney can usually obtain the full compensation you deserve.  Litigation funding is a process that is easy, worthwhile financially, and puts you at no risk whatsoever.

Injured victims often face financial issues that are so severe they could possibly be facing bankruptcy.  Considering the subtantial medical costs, lost wages and legal fees, a settlement loan can be extremely beneficial.  A loan is not really a “loan,” but a cash advance against the settlement you expect to receive.  This advance is typically about 10% of your expected settlement.  If you expect to win $150,000, a litigation financing company would likely advance you around $15,000.  This money can help you pay household bills, buy groceries, meet medical expenses and more while you wait for your lawsuit to settle.

How much does it cost upfront?  Nothing at all.  Litigation financing companies will not approve your advance unless they feel that you have a very strong, solid case.  Your attorney will submit the application, which pertains only to the circumstances surrounding the accident and your injuries.  There are no employment, background or credit checks to worry about.  Once submitted, the settlement funding company usually makes a decision the same day; you can have your money the next morning if you qualify.

Settlement loans are also non-recourse, which means that in the event you are not awarded the settlement  you expect, you do not repay the loan.  Essentially, if this happens you have been given free money!  However, if you do win, you only repay the loan when you actually receive your money.  Should you choose structured settlement payments, you can use those payments to repay the lender.

It can be tempting to just take what the insurance company offers and run with it, but you are cheating yourself.  Insurance companies never pay injury victims the full amount they deserve.  By filing a lawsuit, your lawyer can use his skill and experience to secure the full compensation you deserve for medical costs, pain and suffering, lost wages (and possibly future income) and more.  Settlement loans allow you to live normally without constant money problems while your attorney fights for justice.  Talk to your attorney today about litigation funding, to see if it may be the right solution for you.