Lawsuit Loans – What Litigation Funding Is, and How it Benefits Personal Injury Plaintiffs

You may have heard the term ‘lawsuit loans’ on television or seen it in newspapers and wondered about how it works.  Unless you are a plaintiff involved in a personal injury lawsuit, you would really have no use for litigation funding.  However, if you have been injured and are involved in a lawsuit, you will be very interested to know that lawsuit loans are simply a cash advance against the money you expect to be awarded in a lawsuit.  In essence, if you qualify you can get a portion of your settlement now, when you need it most.

When you have been seriously injured, you may be unable to work.  Between the added medical expenses and inability to work, bills can pile up and you simply cannot pay them all.  It’s stressful, particularly when your injuries are not your own fault and your life has been turned upside down by someone who was negligent.  Lawsuit loans help ease the stress by providing you with the money to pay your bills and live normally while waiting for your lawsuit to settle.

How does litigation funding work, and how do you know if you qualify?

Lawsuit loans are granted only to those who qualify, which is really determined on the details of your claim and whether it’s valid.  For instance, frivolous lawsuits are not considered.  Your attorney will gather the necessary information to submit to the funding company for its review.  This information will include the nature of your injuries, how serious they are, medical reports, and the details of the accident or circumstances which caused your injury.  If your claim is strong and will likely win, you will probably qualify.

Do you have to pay any money out of your own pocket?

No.  With lawsuit loans, you only repay the loan along with any applicable fees and/or interest when you have won your lawsuit and have received compensation.  There are no monthly payments, no up-front fees.  If for any reason your attorney fails to win your lawsuit, you owe absolutely nothing to the litigation financing company.

How much of an advance can you get if you qualify?

Most company who specialize in lawsuit loans offer an advance of approximately 10% of your expected award.  So, if your attorney determines that your case is valued at $350,000, you will likely be advanced about $35,000 if you qualify.

This type of funding is ideal for plaintiffs who find they’re facing financial issues while waiting for their lawsuit to settle, but it isn’t right for everyone.  Learn more about litigation funding online, or discuss it further with your attorney to determine if it’s the right option for you. Contact Mayfield Settlement Funding today!!!

Settlement Loans – Facts About Litigation Funding for Injury Victims

You may have heard of settlement loans, particularly if you are the plaintiff in a personal injury lawsuit.  The name is a little misleading, considering this type of litigation funding is actually not a loan at all, but a cash advance given against a pending lawsuit settlement to those who are approved.  Essentially, if you qualify you are getting a percentage of your own money, that which you expect to be awarded in your lawsuit.  So, how does it work?

Basically, the litigation funding company must approve settlement loans, which is easily accomplished.  If you are the victim of negligent circumstances and have suffered legitimate injuries, chances are you will qualify.  Settlement loans are not given for lawsuits which are considered frivolous; however, if your case is a legitimate one which is likely to win, you will likely qualify.  You and your attorney will submit the required information to the funding company, which will include the details of your injuries and the accident or circumstances which caused them.  Personal information such as credit rating, employment history or status, and criminal background will not be required.

Once the litigation funding company has all of the information for review, it will be determined whether you qualify quickly.  With settlement loans, you can expect to get the money you need to pay household bills, medical expenses, attorney fees, and more within 24 hours of approval.  In most cases, the financing company will advance about 10% of your expected settlement, so if your attorney valued your claim at $237,000, you can expect an advance of about $23,000 to $24,000.

Most personal injury plaintiffs find themselves in a financial bind because of their injuries, related medical costs, and inability to work.  You will not be asked to pay any fees up-front with settlement loans, and there are no out-of-pocket expenses to make a bad financial situation worse.  Repaying the loan is simple; you repay the litigation funding company only when your lawsuit has been won, and you have your money.  Any interest and/or fees which apply will be paid at that time as well.  If for any reason you fail to win your lawsuit, you will not repay the funding company, as settlement loans are no-recourse.

Settlement loans make it possible for those involved in personal injury lawsuits to get the money they desperately need quickly, without putting themselves at financial risk.  If you are the plaintiff in an injury lawsuit, speak with your attorney about this type of funding to learn if it may be a suitable option for you. Contact Mayfield Settlement Loans today.

Personal Injury Loans, and How They Work for Injured Plaintiffs

Are you the plaintiff in a personal injury lawsuit who was injured because of someone else’s negligence?  If you are facing financial issues, you may want to consider personal injury loans. It’s very common for those who are injured to find they cannot pay the bills and meet other financial obligations; after all, medical costs related to injuries and being unable to work can take quite a toll on finances.  How can you possibly live as you once did and keep the creditors off of your doorstep while waiting for your lawsuit to settle?  Litigation funding is one solution that’s a good option for many.

Personal injury loans (also referred to as litigation funding) are really a cash advance given to plaintiffs who qualify.  Not a lawsuit loan at all, plaintiffs who have a strong case and who are approved may be able to get about 10% of their total settlement now, to pay household bills, buy groceries, and take care of other obligations. Qualifying is relatively easy, as long as your case is viable and will likely win in court.  However, if your lawsuit is found to be frivolous, you will not be approved for an advance.

How can you repay an advance when you’re already having financial difficulties?  With personal injury loans, there are no monthly payments, upfront fees or other out-of-pocket expenses to worry about.  If you are approved and get an advance, you only repay the litigation funding company after your lawsuit has been won and you have been awarded compensation.  At that time you will repay the advance, along with any fees and interest that may apply.  If your attorney is unsuccessful in winning your lawsuit, you owe nothing at all – you do not repay the advance, fees, or interest.

But I have bad credit, how could I qualify for an advance?  With personal injury loans it makes no difference whether you have excellent credit, bad credit, or no credit at all.  The funding company will request information that your attorney will provide.  This information pertains only to the accident or circumstances which caused your injuries, and the extent of the injuries.  You will not be required to provide personal information such as employment history, criminal background, credit info, etc.

How quickly can I get an advance if I do qualify?  In most cases you will get your advance within 24 hours, so there is no waiting for days or weeks when you need money immediately.  Personal personal injury loans are one of the quickest ways to get the money you need right now, and without putting yourself at risk since you will not be responsible for repaying the advance if you do not win your lawsuit.

Find out more about litigation funding online, or ask your lawyer a few questions so that you can decide if it sounds like a good option for your circumstances.

Lawsuit Loans – Immediate Financial Relief for Personal Injury Victims

Lawsuit loans have been a good solution for many plaintiffs in personal injury lawsuits who find they are in a financial bind.  When you are injured because of someone else’s negligence, it can seriously upset your life – including your ability to work.  It often becomes hard to pay the bills and meet other financial obligations; this is what settlement funding is for.  So, how does it work?

Rather than an actual loan, lawsuit loans are more of a cash advance against the settlement you expect to be awarded in your lawsuit.  It’s your own money, you are simply getting access to a portion (usually about 10%) of it early.  If approved, you can have the money you need in about 24 hours.

How do you get approved for lawsuit loans?  It’s actually very easy, even if you have no credit or bad credit.  With settlement funding, you are not asked to give personal information such as credit rating, employment status, etc.  Your attorney will submit the required information, which includes how the accident or circumstances that resulted in your injuries occurred, and details on the injuries themselves.  The funding company simply wants to ensure that your case is strong, and valid.  Today, many people are money “hungry” and will sue at the drop of a hat.  The company wants to ensure that yours is not a frivolous lawsuit.

Repayment of lawsuit loans.  Unlike conventional loans where you typically make monthly payments, you only repay the settlement funding company when you actually get your money.  You will also pay any fees or interest at this time, so there are never any out-of-pocket expenses.  If for any reason you do not win your lawsuit, you will not repay the loan.  You are never at any financial risk during the process.

Essentially, lawsuit loans allow you to pay the household bills, medical expenses, and other costs so that you can avoid potential bankruptcy or foreclosure while waiting for your lawsuit to settle.  You will also have the money to help your attorney develop a strong lawsuit, increasing your chances of winning.

Personal injury lawsuits are notorious for taking months to complete; in the meantime, plaintiffs often find they are going broke.  Settlement funding may help you prevent facing serious financial issues; speak to your attorney about whether it may be a good option for you today, or learn more about the process online.

Personal Injury Loans Make it Possible to Live Comfortably While Awaiting Settlement

Personal injury loans are not really loans, but a cash advance given to those who are involved in an injury lawsuit and qualify. If you are the plaintiff who suffered injuries in an accident or under circumstances caused by negligence or malicious conduct, you may be eligible for litigation funding. Essentially, you will be able to pay the bills or catch up on financial obligations so that you can avoid money worries while awaiting settlement.

Do all applicants qualify for personal injury loans? No, but most do as long as they have a strong, viable lawsuit – one with a good chance of winning. Litigation funding companies do not approve frivolous lawsuits, simply because the odds are high they will not get their money back. However, if your attorney took your case on a contingency fee basis, it’s likely you have a strong case, and that you will qualify for a loan.

Do personal injury loans for lawsuits have to be repaid on a monthly basis? No. If you are given an advance against your pending settlement, there will be no monthly payments or out-of-pocket expenses. You repay the lawsuit loan along with any fees or interest that apply only when you have recovered an award and have your money. Otherwise, such as if you lose your lawsuit, you owe absolutely nothing.

How long does the process take, and what is involved? With personal injury loans, the entire process of applying and learning if you are approved is extremely quick. Your lawyer will submit the details regarding the accident or circumstances that led to your injuries, along with information about those injuries. It is not necessary to include background information such as employment history, credit rating, etc. The litigation funding company is only interested in your lawsuit, nothing else. Usually, the entire process from applying to approval and getting your advance takes only 24 hours or less.

Personal injury loans make it possible for the injured party to pay medical bills, household expenses and other costs while involved in an ongoing lawsuit. Many plaintiffs find this to be a very stressful time financially, especially when they cannot work. Litigation funding alleviates this stress, and makes it possible for you to live as you normally would while your attorney fights for justice.

This type of funding isn’t right for every situation, but many have found it to be the solution to their money problems. Discuss the options with your attorney, who can advise you if it may be right for you.

How Personal Injury Loans Benefit Injured Victims

Personal injury loans are given to individuals who have been injured due to negligence, and who have a strong case.  Often times, a victim may take the negligent party to court in order to obtain compensation for lost wages, medical costs and other related expenses.  However, these types of cases can take months to settle, or even longer.  At some point, many injury victims find they do not have the financial resources to pay the bills, medical costs, to buy groceries – it simply becomes hard to live normally.  This is where litigation funding comes in.

Essentially, personal injury loans allow you to “borrow” from the settlement you expect to win in a lawsuit.  Consider it a cash advance against your pending settlement, your own money.  Because you can get the advance immediately if you qualify, you can pay the household bills and live comfortably while your attorney continues to fight for the full damages you deserve from those responsible for your injuries.

How much can you get with a personal injury loan?  In most cases, litigation funding companies advance those who qualify about 10% of their expected settlement.  If your attorney has determined your case is worth $350,000, $35,000 will go a long way toward allowing you to pay the household and medical bills, attorney fees and other costs for the duration of your lawsuit.

You don’t have to worry about out-of-pocket expenses with personal injury loans, as there are no up-front fees to worry with.  All fees and interest will be collected when you repay the advance, which is only at the time your case is won and you are awarded a settlement.  In the event you do not win your lawsuit, you will not repay the litigation funding company any portion of the advance, because the process is non-recourse.

Applying for a personal injury loan is a simple process, handled for the  most part by your attorney.  You will not be required to provide personal information such as credit rating, employment status, etc.  Litigation funding companies are only interested in the details of your case and its strength.  When you have a strong claim, the odds of your winning are greater, which is how funding companies determine if you qualify.  Most will advance from $500 to $250,000 or more, depending on your particular circumstances.

Personal injury loans are not for everyone, but it may be a good solution for you.  Through litigation funding, you can live comfortably, avoid financial stress and focus on winning your lawsuit.  Talk to your lawyer about the process, and whether it may be right for you.

Personal Injury Loans – a ‘Cash Advance’ That Helps Injured Victims Pay the Bills

Personal injury loans are simply an advance that is given to an individual who has been injured due to someone else’s negligence, if that individual qualifies.  This is an advance against a settlement you expect to win in a personal injury lawsuitPre-Settlement funding companies offer these “personal injury loans” to those who have a solid case which will likely win; frivolous lawsuits will not be considered.

How do those who have been injured qualify for personal injury loans?  The process is private and confidential, requiring only information about your injuries, and the accident or circumstances that caused them.  No information regarding your credit standing, employment or other background data is ever required.  Litigation financing companies deal only with you and your attorney, who will provide the necessary information about your lawsuit.

If approved, how much of a cash advance can you get?  It all depends on how much you expect to be awarded in your lawsuit.  With personal injury loans, most funding companies will give those who qualify about 10% of their expected settlement.  So, if your lawyer values your claim at $125,000, you will likely be given an advance of approximately $12,000 to $13,000.  You will receive this money generally within 24 hours of applying if approved.

How will you repay the advance?  With personal injury loans you only repay the settlement funding company if your lawsuit is won, at the time you have your money.  There are no monthly payments, or out-of-pocket expenses.  You will repay any fees or interest at the time you repay the advance; if for any reason you do not win your lawsuit, you owe nothing.

Many injury victims find that they face tough financial issues because of medical costs and lost income when they cannot work.  Soon, it becomes difficult to buy groceries and pay household bills, let alone attorney fees.  Personal injury loans help plaintiffs involved in injury lawsuits live as they normally would while their attorney continues to fight for full compensation.  This money can also be used to pay attorney fees, so that your lawyer has the financial resources to fight aggressively and effectively on your behalf.

Learn more about this type of funding, or discuss it with your lawyer to determine if this may be a suitable course of action for you.  Personal injury loans are one option that have helped thousands of people avoid financial disaster and even bankruptcy or foreclosure while fighting for the full compensation they deserve.

Lawsuit Loans – Get Money Before Lawsuit Settlement

Lawsuit loans may sound like an intimidating term, but it’s really just a cash advance against a pending lawsuit settlement.  Unlike conventional loans, you don’t have to wade through a lot of red tape or wait for days to learn if you’ve been approved.  With litigation funding, you will generally know within 24 hours of applying if you have been approved.

Are most applicants approved?  It depending on the strength of your lawsuit, and whether the funding company considers it frivolous.  With lawsuit loans, in most cases if you have a strong case that will likely win in court, you are approved.  You will then get a portion of your expected settlement quickly, usually by the next day.  In general, most funding companies advance approximately 10% of the expected settlement, or anywhere from $500 to $250,000 or more depending on the value of your claim.

For most people, repaying lawsuit loans is no problem because of the way the process works.  You only repay the advance if you in fact do win your lawsuit, and then only when you have your money in hand.  Any applicable fees or interest will also be paid at this time, so you are never out any money or required to make monthly payments.  If for any reason you do not win your lawsuit, you do not repay the advance, nor any fees or interest because funding is non-recourse.

How will it be determined if you qualify?  You and your attorney will submit the information required by the settlement funding company, which pertains strictly to your injuries and the accident/circumstances that caused them.  Whether you are employed or have good credit makes absolutely no difference.  Litigation financing companies only want to know that you have a solid lawsuit which will likely win in court.  This helps ensure that the company will get its money back.

What can the money be used for?  Lawsuit loans allows those who have been injured and who may be unable to work to pay the bills.  Utility bills, the mortgage, medical expenses, attorney fees, even costs to have your property repaired if it was damaged in the course of events that caused your injuries.  Essentially, you can live comfortably and avoid creditor harassment while waiting for your lawsuit to complete.

Insurance companies simply do not give injured victims the full damages they deserve, and personal injury lawsuits can take months or even longer to complete.  In the meantime, you have a tough time paying the bills, and fear that you will be broke before your lawsuit settles.  Lawsuit loans are not for everyone, but may be the perfect solution for you.  Learn more online, or talk to your attorney about litigation financing. Contact Mayfield Settlement Funding Lawsuit Loans today!!!

Settlement Loans for Individuals Involved in a Personal Injury Lawsuit

What are settlement loans?  To put it simply, it is an advance given to a plaintiff who qualifies against his or her pending lawsuit settlement.  If you have been injured due to negligence, are involved in a lawsuit, and are facing financial difficulties that can be attributed to medical costs, lost wages, or the fact that you cannot work because of your injuries, you may want to speak with your lawyer about litigation financing.

You may feel that settlement loans are too risky; after all, how would you repay the funding company if you were to lose your case?  Thankfully, this is a non-recourse type of funding, which simply means that if you do not win, you do not repay the advance.  In addition, you will not be responsible for any interest or fees that may apply should you lose your lawsuit.

There are no up-front fees or other out-of-pocket expenses with settlement loans.  You will not be required to repay the litigation financing company on a monthly basis, so you don’t have to worry about an already dire financial situation getting worse.  You only repay the advance after you have won your lawsuit, and have your settlement.

Qualifying is simple, as long as you have a strong case.  While frivolous cases are not accepted, qualifying is easy if you have a viable case.  Your lawyer will submit the required information to the funding company, which includes documentation of medical treatment and testing of your injuries, the nature of your injuries, and how the accident or circumstances led to your injuries.  Companies that provide settlement loans will not ask you to submit any information regarding your credit standing, employment status, etc.

What can the advance be used for?  Settlement loans make it possible for you to pay household utility bills, the mortgage, medical bills, or even buy groceries.  Basically, you will have the money you need to live as you normally would while waiting for your lawsuit to reach completion. Contact Mayfield Settlement Funding for more information.

In most cases, those who qualify will get an advance in about 24 hours.  You can expect the amount of the advance to be about 10% of the settlement you expect to win in court.  While litigation financing is not the best solution for every individual, it has helped tens of thousands avoid financial disaster and even bankruptcy.  Speak with your attorney today, or go online to learn more about settlement loans.

Settlement Loans – a Brief Explanation of How Litigation Funding Works

If you are the injured party involved in a personal injury lawsuit, you may be curious about settlement loans and how they work.  Basically, this type of funding is not a loan, but more of a cash advance against your pending settlement.  It is your own money, you are simply “borrowing” against it if approved by the litigation funding company.  This is one option you may want to consider if you find that because of your injuries, you are falling behind on household bills and other obligations.

This frequently happens, simply because those who are injured face many more expenses than they may initially expect.  You may be unable to work because of your injuries, or time spent in court may be taking away from your income.  Medical costs continue to skyrocket; soon, you find you’re behind on the mortgage or do not have the money your attorney needs to fight vigorously on your behalf.  Mayfield Settlement Funding give you the financial resources necessary to pay your bills, attorney fees, medical costs and other expenses so that you can relax and avoid finance issues for the duration of your lawsuit.

Not every case qualifies for settlement loans, although most do if they are strong and likely to win.  In order to qualify, your attorney must submit the required information which includes the details of the accident that caused your injury, your actual injuries, etc.  If you have bad credit, no credit or are unemployed it makes no difference.  Litigation funding companies are interested only in the facts surrounding your claim.

If you do qualify, you will receive your money quickly, usually within 24 hours.  On average, most funding companies advance approximately 10% of the total settlement the plaintiff is expected to win.  The process is non-recourse, which simply means that in the event you lose your lawsuit you owe nothing to the litigation funding company.  If you are worried about out-of-pocket expenses, there are none.  Any fees and/or interest will be repaid at the time you repay the advance, after your case settles.

For many people there are few options when it comes to getting the money they need to pay bills and buy groceries while waiting for a lawsuit to settle.  Find out more about settlement loans online, or discuss the process with your attorney for his opinion on whether it may be for you.  You could have the money you need immediately.