Lawsuit Loans – What They Are, and How They Benefit Injured Victims Involved in Injury Lawsuits

You may have seen advertisements on television regarding lawsuit loans, never thinking you may be in need of one yourself.  Now, you have suffered injuries due to another party’s negligence and are involved in a lawsuit.  However, it’s becoming almost impossible to pay the household bills, medical costs are through the roof and your income is on hold if you cannot work.  This is where lawsuit loans come in; keep reading if you want to be enlightened about the process, and the benefits to you.

Basically, litigation funding (another term for lawsuit loans) is a process in which if approved, you receive a cash advance against your pending settlement.  This advance is typically about 10% of what you expect to win.  Unlike conventional loans, there are no monthly payments to make – you only repay the advance once you have won your lawsuit and have money in hand.  Because it is no recourse, you are not responsible for repaying the loan in the event you do not win.  Therefore, you are at no financial risk.

Lawsuit loans are only approved for those who have a strong claim, so frivolous claims are not accepted.  If you sustained injuries more serious than minor bruising or sprains, for instance broken bones, lacerations, head trauma, spinal injuries, etc., chances are you will qualify.  With litigation funding, the company will only require information related to the accident and your resulting injuries.  You will not be required to provide information regarding your credit standing, employment status, or any other background information.

There are no upfront costs or out-of-pocket expenses with lawsuit loans, so you don’t have to worry about going further in debt.  Any fees or interest will be repaid to the litigation funding company when you repay the actual advance.  An advance may be used to pay attorney fees so that your lawyer can build a strong case on your behalf, to pay household bills, buy groceries and basically live a normal life while waiting for your lawsuit to complete.

Basically, lawsuit loans allow you to have access to “upfront” money, so that you can avoid financial disaster while waiting for your lawsuit to settle.  Should your lawsuit settle for less than the advance you were given, that amount is all you owe to the funding company -  nothing else.  Litigation funding is not a solution in every situation, but it has helped tens of thousands stand on solid financial ground while awaiting settlement of their lawsuits.  Discuss lawsuit loans with your attorney to decide whether it is an option you should pursue.

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Lawsuit Loans, a Simple Process That Could Save You Financially

Lawsuit loans are one option for individuals who are involved in a personal injury lawsuit and need money right away.  When you have been injured, the medical bills can often overwhelm your budget, making it difficult or even impossible to pay your bills.  Because these types of lawsuits are often drawn out and may take months to settle, you may not receive your compensation when you need it – and how can you pay the bills?  You may fear foreclosure or even bankruptcy.  Litigation financing is a process that while simple, has made it possible for many injury victims to live comfortably and pay the bills while waiting for their lawsuit to settle.

What are lawsuit loans?  Although the name implies it is a loan, it is actually a cash advance against your expected settlement; it’s actually your own money, you are simply receiving it early if you qualify.  In most cases, litigation funding companies will advance about 10% of your anticipated settlement.  If you qualify, you can have the money you need right away, in most cases within 24 hours.

Unlike what you often find with conventional loans, you don’t have to go through mountains of paperwork or jump through hoops with lawsuit loans.  No personal information such as credit rating, employment status or criminal background record is ever required. All the funding company will want is information provided by your attorney regarding your injuries, how they occurred, the accident that caused them, etc.  The company simply wants to make certain that you have a strong, legitimate case before advancing you the money.

How and when do you repay the advance, fees, interest, etc.?  With lawsuit loans, you never pay any money upfront.  Fee, interest or other costs are repaid at the time you repay the advance, which is when your case has been won and you have access to your money.  Because litigation financing is non-recourse, you do not repay a penny if you do not win your lawsuit.  Essentially, you are at no risk financially.

Lawsuit loans may be used to pay medical bills, household expenses, to buy groceries, pay attorney fees or to have your car repaired if it was damaged in the accident that caused your injuries.  When you are unable to work or are required to spend a great deal of time in court which takes away from your income, litigation funding can be quite a welcome relief.  Ask your attorney about the possibility today.

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Settlement Loans Offer Injured Victims Involved in a Lawsuit Financial Peace of Mind

Settlement loans (aka pre-settlement funding) are simply an advance against a pending personal injury lawsuit settlement, more of a cash advance, if you will.  If you have been injured due to the negligence of another person, it can take months for your case to reach completion.  During this time, it often becomes difficult if not impossible to pay the household bills, medical expenses, even the mortgage – which could potentially leave you bankrupt.  Litigation funding helps prevent financial hardship, so that you can live as you normally would while waiting for your lawsuit to settle.

Essentially, settlement loans are an advance against your own money.  In most cases, the litigation financing company give those who are approved about 10% of their expected award, which often means tens of thousands of dollars depending upon how much your lawsuit is worth.  For instance, if your attorney determined that your claim is worth $300,000 and filed a lawsuit against the defendant for that amount, you may be advanced $30,000.  This money can be used to pay hospital and doctor bills, buy groceries, pay household expenses and attorney fees that will give your attorney the financial support to fight aggressively on your behalf.

How much do settlement loans cost in terms of out-of-pocket expenses?  Nothing at all.  Any interest or fees will be repaid to the litigation funding company when you repay the advance, which is only at the time you win your case and have possession of your money.  You repay the money in one lump sum, so there are no monthly payments to worry about.  If for any reason you and your attorney fail to win your lawsuit, settlement loans are non-recourse – which simply means you owe nothing at all to the funding company.

Qualifying for settlement loans is easy as well.  As long as your case is strong and not considered frivolous, you will likely be approved.  Approval takes only 24 hours or less in most cases, and the application process is easy.  Your attorney will submit the necessary information to the litigation funding company, which consists of only the details related to the accident and your resulting injuries.  It makes no difference if you are currently employed, have good credit or bad; the funding company is only interested in your case, nothing else.

It is unfortunate that so many times injured individuals end up facing financial disaster because they settled with the insurance company for far less than they deserved.  Settlement loans let you level the playing field, as you have the funds to pay the bills so that your attorney can pursue justice in court.  It’s your money, why not get a portion of it now and save yourself from potential financial disaster?

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Settlement Loans – Financial Relief for Plaintiffs Awaiting a Lawsuit Settlement

Waiting for a personal injury lawsuit to settle can be unsettling, to say the least.  Sometimes these types of cases take months, even years to reach completion.  In the meantime, plaintiffs often have a tough time trying to make ends meet, which is where settlement loans come into play.  Simply a cash advance against the money you expect to win, litigation financing can help you pay the regular household bills, medical costs and other expenses while waiting to receive your settlement.

Often times, those who are seriously injured in an accident caused by someone else’s negligence are unable to work.  This only adds to the financial dilemma, and makes paying the bills even harder.  Taking time away from work to attend court affects your income.  While you are the victim, it seems that everything is working against you.  Settlement loans help ease the financial situation, so that you can keep the creditors at bay and pay your bills while waiting for your lawsuit to settle.

Litigation financing isn’t the right solutions for every situation, but it may be for yours.  Qualifying is easy, as long as you have a strong case that wouldn’t be considered frivolous.  In fact, with settlement loans the only information required to determine if you qualify is information related to the accident or circumstances that caused your injuries, and the extent/seriousness of those injuries.  Your lawyer will help fill out the necessary paperwork, but you will not be asked about employment status, credit rating, or criminal background information.

If approved, how much money can you expect to get?  Most companies which offer settlement loans advance those who qualify about 10% of their expected settlement.  So, if your attorney has valued your claim at $250,000 and expects to get that amount, you will likely be advanced approximately $25,000.  This money is a welcome relief for those who need to pay household bills, medical and doctor bills, to buy groceries, etc.

There are no up-front costs or out-of-pocket expenses to worry about with settlement loans.  You will simply pay any interest and/or fees that apply at the time you repay the loan, which will be when your case is won and you have control of your money.  The process is no-recourse, which means that in the event your case is lost, you owe nothing to the litigation financing company.

Learn more about settlement loans online, or discuss the pros and cons with your attorney today.  If your case is one that is strong and legitimate, you do not have to suffer financially while waiting for it to settle!

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Lawsuit Loans and the Advantages to Those Injured Due to Negligence

Lawsuit loans are an ideal solution for those facing financial issues after being injured in a car or slip and fall accident, due to medical negligence, because of a dog bite or attack, or in any manner caused by the negligence of another party or individual.  Actually a cash advance rather than a loan, litigation funding helps victims pay doctor and medical bills, buy groceries, pay the household bills and attorney fees, living as normal a life as possible while waiting for their lawsuit to complete.

Those who are seriously injured are frequently unable to work.  Couple the lost income with substantial medical expenses to treat your injuries, and the result can be financially devastating.  When creditors are threatening you and it is becoming difficult to pay your bills, lawsuit loans can be an easy – and immediate – solution.

One question you may have is “will I have to pay any fees out of my own pocket?”  No.  With lawsuit loans, you only pay minimal fees and interest when you actually repay the advance, which is at the time you win your lawsuit and have your money in hand.  In the event your attorney does not win your case, you owe absolutely nothing, because litigation financing is a non-recourse process.

What type of information is necessary to apply for lawsuit loans?  Unlike other types of loans in which you must provide information such as your credit rating/history, employment status and other background data, this is not the case with settlement funding.  All that is required to determine whether you qualify are the details of the accident and how your injuries occurred.  It makes no difference whether you have bad credit or are currently employed.  The strength of your lawsuit is what really counts.

How much money may you be advanced with a lawsuit loan?  Generally speaking, most injured victims who qualify are advanced approximately 10% of their expected winnings.  For example, if your lawyer determined that your case is worth $185,000 and you are approved for a loan, you will likely receive about $18,500.  This money will go a long way toward paying your monthly obligations, doctor bills and other expenses.

Only you and your lawyer can decide if lawsuit loans are a solution you may want to consider.  Learn more about lawsuit funding online, or speak with your attorney.  You can live comfortably and keep the wolves off the front door while waiting for your lawsuit to settle!

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Could Lawsuit Loans Be the Solution to Your Financial Issues?

Lawsuit loans are not actually loans, but a cash advance given to personal injury plaintiffs who qualify against a pending lawsuit settlement.  While this is not the solution for every individual, it could be a way for you to eliminate much of the financial stress you are under as you wait for your case to complete – which could be months or even longer.  Unfortunately, victims of negligence who are seriously injured are the ones who seem to suffer the longest; medical costs can financially bankrupt you, and if you cannot work the situation becomes even worse.  Following is some information about pre-settlement funding to help you determine if it may be something you and your attorney want to consider.

Who qualifies for lawsuit loans?  Not every individual will qualify, but most will.  As long as you have a strong case that the funding company would not consider frivolous, chances are high you will qualify.  The company will determine this based on the medical and accident reports and other documentation submitted by your lawyer.

My credit is bad, does it matter?  No.  With lawsuit loans, you are never asked to supply information regarding your credit standing, employment, or other background information.  Whether or not you are approved is based solely on the strength of your case and the data from your attorney mentioned above.

How long does it take to get approved?  In most cases the decision is made the same day the information is submitted.  After you are approved, you will get the advance from the litigation funding company usually by the next day.  Lawsuit loans are based on the amount you expect to win in your lawsuit, and are usually about 10% of your expected settlement.  Therefore if your attorney has filed suit for $145,000, you will likely be given an advance of about $14,500 if approved.

Will I have to pay anything upfront?  No.  Lawsuit loans are unique in that you pay absolutely nothing until your lawsuit has settled and you have your award.  No upfront fees, no monthly payments.  You repay the litigation funding company the advance along with any fees and/or interest that apply once you have your money.  If for any reason you do not win your lawsuit, you owe nothing.

What can the money be used for?  Pay hospital and doctor bills, monthly household bills, attorney fees, or have any property which was damaged in the accident repaired.  With lawsuit loans, you can pay your bills, buy groceries, and live without the financial stress while waiting for your lawsuit to finalize.

Lawsuit loans are a risk-free way for plaintiffs who are involved in a personal injury lawsuit to enjoy financial peace of mind and potentially avoid bankruptcy while their attorney fights for their rights in court.  The best way to determine if this may be a sound option for you is to speak with your lawyer, who is very familiar with the litigation funding process.

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What are Lawsuit Loans, and Do You Qualify?

You may have heard of lawsuit loans on television, or even seen ads in the newspaper or online.  What are these types of loans, and how do you know if you qualify?  Also known as litigation financing or pre-settlement funding, this type of loan is simply a cash advance given to those who qualify against a pending lawsuit settlement.  If you are a victim of negligence or misconduct that has resulted in injury, you may be eligible for an advance.

Suppose you have been injured and are waiting for a personal injury lawsuit to settle, or for payment from the insurance company.  If it has been determined that your claim is valued at $90,000, you could be eligible for a $9,000 lawsuit loan, or roughly 10% of your claim’s value. If your case is solid and not frivolous and the litigation financing company determines it to have a high chance of winning, you will likely qualify.

With lawsuit loans, you and your attorney will submit the necessary information to the funding company who will then review it promptly.  This data applies only to the accident/incident that caused your injuries, whether it was a car accident caused by negligence, a defective product, medical malpractice, slip and fall, etc.  The litigation financing company wants to make certain that negligence is clear, and your injuries serious enough to impact your life in a way that affects you ability to work and/or perform daily tasks.  In other words, your case should not be one considered frivolous.

In the process of applying for lawsuit loans, the injured party is never questioned about employment status, credit standing or other personal information.  Bad credit makes no difference; as long as the funding company believes you will win your settlement, you will likely qualify.  The litigation financing company only gets repaid the money they advanced you if you do win, along with interest and fees.  Should you not be given a settlement for any reason, you owe nothing.  This is because the process is what is known as non-recourse.

Lawsuit loans make it possible for injury victims who are awaiting settlement to pay bills and attorney fees, buy groceries, basically live a normal life and keep the creditors at bay while waiting on their money. Pre-settlement funding is not the solution for everyone, but you won’t know if it is for you until you speak with your lawyer.  Learn more online about the process, or discuss it with your attorney today.

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Settlement Loans Make Life Easier for Those Involved in Personal Injury Lawsuits

When you are the plaintiff in a personal injury lawsuit and have a strong case, you may be a candidate for what are known as settlement loans.  Actually a cash advance, this type of funding allows you to get a portion of your expected settlement so that you can pay household bills, medical costs and other expenses.  Personal injury lawsuits often take months or longer to settle; during the duration, you may find it becomes difficult to meet your financial obligations, particularly if you cannot work.  This is where settlement loans are beneficial to injury victims.

Your attorney should agree that litigation funding is right for you; most who work on a contingency basis will have no problem with settlement loans.  The process of applying is simple, and requires only information relevant to the accident, your injuries and the lawsuit.  It is not necessary that you are currently employed, have good credit or a clean background, as this information is not essential to whether you qualify.  Litigation funding companies simply want to know that you have a solid, strong case.

Will you have to pay fees or face any other expenses during the application process, or when you qualify?  No.  With settlement loans, there are no out-of-pocket costs, as all fees and/or interest are repaid at the time you pay the advance back to the funding company.  You will repay the loan, along with any applicable fees and interest, only at the time you have your money.  Because litigation funding is non-recourse, you do not repay anything at all if for some reason your lawsuit is not won.

Addison Settlement loans can be used to pay attorney fees, household bills, medical expenses and other financial obligations.  This helps the injury victim and his/her family live normally and avoid financial issues while waiting for the lawsuit to reach completion.  There are no monthly payments involved, so litigation funding will not put a strain on your budget.  In most cases, those who qualify will have their money within 24 hours.  How much will the funding company advance you?  In most cases, about 10% of the maximum potential award you can win.  So, if your attorney values your claim at $150,000, you may qualify for $15,000.

Are settlement loans a good solution for you?  Only you and your lawyer can determine whether litigation funding may be to your advantage.  Settling with the insurance company usually isn’t a good idea, however many feel they cannot afford a lawsuit.  Litigation financing helps you level the playing field.

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Lawsuit Loans Work to Relieve Financial Pressure While Involved in a Personal Injury Lawsuit

You’ve probably heard of lawsuit loans on television but aren’t quite clear on what they are or how the process works.  If you are a victim of negligence, have sustained injuries and are waiting for a settlement either from the insurance company or through a lawsuit, litigation financing is a process you will want to know more about.  It’s simple, and a good way to relieve financial strain while you are awaiting your settlement.

Many injured victims find that it becomes almost impossible to pay regular bills, buy groceries and meet other financial obligations due to medical expenses and perhaps lost income.  Lawsuit loans are simply a cash advance against what you expect to receive from the insurance company, or when your case is won in court.  If you qualify, you can get the money you badly need within 24 hours, so there is no waiting for days or weeks.

Is it hard to qualify for Addison lawsuit loans?  No, in fact it is quite easy.  If you have a solid case that would not be considered frivolous, you will likely qualify for settlement funding.  Even if your credit is bad or you are not currently employed, you can qualify.  The only information that will be required by the funding company to determine if you are a good candidate is that which relates to the accident that caused your injuries, and the actual injuries.  You will not be asked to submit any information regarding your background, employment status, etc.

In addition, there are no fees or other out-of-pocket expenses you will be required to pay up-front with lawsuit loans.  You only repay the actual advance, along with minimal fees and interest, at the time you win your lawsuit or receive your settlement and have possession of your money.  What happens if you do not win?  How do you repay the litigation funding company?  The process is non-recourse which means that no matter what the reason is, if you do not win you do not repay the advance.

What can lawsuit loans be used for?  You can use the advance to pay household bills, buy groceries, pay attorney fees or for repairs to your property if it was damaged in the accident.  Essentially, litigation funding helps you enjoy financial stability while you wait for your settlement so that you can keep creditors at bay and avoid the possibility of bankruptcy.  You can live comfortably without financial worries.

Are lawsuit loans a solution you should consider?  Your attorney will know best, or you can learn more online about the process.  Litigation funding isn’t right for everyone, but it has helped tens of thousands of injured victims avoid potential financial disaster.

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Settlement Loans Help You Pay for Necessities While Awaiting Resolution of Your Claim

When you are an injured victim awaiting settlement from the insurance company or through a jury award, every day can be a struggle.  Paying the bills, buying the groceries and other ordinary expenses you never thought much about before are now foremost in your mind.  Settlement loans help you live normally whether you are waiting on a lawsuit to settle, or for the insurance company to pay you.  If you’re interested in learning more about litigation funding and how you can benefit, keep reading!

Until you are the victim of someone else’s negligence, you may not realize that insurance companies use every tactic in the book to persuade you to settle for less than you deserve.  They will de-value your claim, or use stalling tactics in an effort to wear you down to the point that you accept their offer.  Settlement loans help you avoid this; you can get the money you desperately need, if approved, within 24 hours!  You’re never at any risk financially, and the process is quick and painless.

Settlement loans let you pay your household bills, buy groceries, and meet other obligations while waiting for your lawsuit to settle, or for the money from your insurance company.  This means that your attorney has the time and financial resources to build a strong case on your behalf, so that you receive the full compensation you are entitled to.  Litigation funding companies require that you have a strong case, and ordinarily do not accept a claim they feel is frivolous.

Are settlement loans really loans?  No.  Litigation financing is actually the process of getting a cash advance on the money you expect to be awarded, usually about 10%.  You repay the funding company only at the time you have your money, plus minimal fees and interest.  If for any reason you are not awarded your settlement, you owe nothing.

In the process of applying for a loan, all that is required is the information relevant to the accident that caused your injuries and the scope of your injuries.  No information regarding your employment, credit standing or other personal details is required.  Settlement loans are simply an easy way to help you avoid financial disaster while waiting for the full damages you deserve for costs related to your injuries such as medical expenses, lost wages, pain and suffering, etc.

Litigation funding offers numerous benefits, but most of all helps those who have been made victims live comfortably until they receive a fair settlement.  Talk to your lawyer about settlement loans today; this could be just the solution you’ve been looking for.

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