Settlement loans are ideal for personal injury plaintiffs who find they are facing financial issues. When you are injured because another person/party was negligent, you may decide that filing a lawsuit is the best route to take. Insurance companies typically offer far less than your claim is worth. What can you do while your attorney is negotiating with the insurance company, or fighting on your behalf in a jury trial to ease the financial strain? Settlement loans may be the solution – and you can enjoy financial relief without putting your money situation further at risk.
Litigation financing is a process that has helped tens of thousands of injured victims avoid financial disaster, foreclosure and even bankruptcy. Whose who are seriously injured often face insurmountable medical costs. Considering the time you must spend in court or lost income if you are unable to work, it can get to a point where you cannot pay your bills. Settlement loans are designed to give those who qualify immediate financial relief, as you can get a portion of your expected settlement within 24 hours. This money can be used to buy groceries, pay medical bills, pay utility and other household expenses, even to repair your property if it was damaged in the accident that caused your injuries.
Unlike traditional bank loans, you do not need to provide information regarding your credit or employment history, and no collateral is necessary. Settlement loans are a no-risk way to get the money you desperately need right now. Why is there no risk involved? You do not repay the litigation financing company until you actually win your settlement and have your money. Should for any reason you not be awarded a settlement, you owe nothing because the process is non-recourse. You’re never out any money such as upfront fees, so you never have to worry about adding to your financial burden.
When you need financial support during an ongoing lawsuit, settlement loans are ideal if you have a solid case. Litigation financing companies do not loan money to individuals who have what they consider “frivolous” lawsuits, as the chances of being successful in such a suit is slim. This is how funding companies can operate on a non-recourse basis. The company is fairly certain that you will win, before they advance you a portion of your expected settlement.
How can you find out if settlement loans may be right for you? Talk with your attorney, who will help you determine if litigation financing is a viable option for you. If so, your lawyer will submit the required paperwork, which pertains only to the details of your lawsuit, nothing else. Once approved, you can have the money you so badly need the very next day! No risk, no waiting – just the money you need to live comfortably while seeking the justice you deserve.