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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