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.
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.
Individuals involved in a personal injury lawsuit often wonder what settlement loans are, and if it would be a viable solution to their shaky financial situation. These types of lawsuits are known for dragging on for months, sometimes even longer. Meanwhile, injured victims often find they are facing tough financial issues, particularly when they are unable to work. Between lost income and huge medical bills, it can be devastating. Litigation financing is a process that allows those who qualify to get a portion of their expected settlement immediately, so that they can pay the bills and avoid possible bankruptcy.
If you are worried about how you would repay the advance if you were to lose your lawsuit for some reason, no worry. Settlement loans are non-recourse, which simply means that in the event you do not win your lawsuit, you do not repay the advance or any associated fees or interest. You only repay the settlement funding company if you do win, and then only at the time that you receive your money. Therefore, you are never at risk or required to pay anything out of pocket.
Does everyone who applies qualify for settlement loans? No. Those with weak or frivolous lawsuits will not qualify; however, if you have a strong case and have hired your attorney on contingency (meaning you do not pay him or her unless the lawsuit is won), it is likely the litigation financing company will approve a loan. Why? Because most attorneys do not take on personal injury claims unless they believe they can be won – otherwise, it would be time spent and no money made.
Will the litigation financing company do a background check, or delve into your employment and/or credit history? No. With settlement loans, the only information the funding company needs in order to determine if you qualify is documentation regarding your injuries and the details of the accident or situation which caused them. This way the company can have a clear understanding of the circumstances surrounding your injuries. Settlement loans are also considered pre-settlement funding.
Settlement loans are not free, however even with fees and interest, the money you keep in your own pocket after all is said and done is still substantially more than you would have received had you settled for what the insurance company offered. A personal injury lawsuit is the only true way to get the full compensation you deserve; settlement loans allow you to live normally until your claim is settled in court.
Individuals who are injured due to someone else’s negligence and involved in personal injury lawsuits often find they are facing a serious financial crisis. Settlement loans help ease the financial stress, making it possible for you to live comfortably for the duration of your lawsuit while paying medical bills, household expenses and other costs. If you are facing financial issues or fear that bankruptcy may not be far off in your future, learn why you may want to consider litigation funding.
Pre-Settlement funding loans are not actually loans at all, but a cash advance given against a pending settlement to those who are approved. Because you are advanced a portion of your own money, you do not make monthly payments, nor are you required to pay any fees upfront. You only repay the advance when you have won your lawsuit and have your money. In the event you do not win, you do not repay the litigation funding company, because the process is non-recourse. This means that if approved, you can get the money you desperately need now, without the worry of how you will pay it back should you not be awarded a settlement.
Is it easy to qualify for an advance? With settlement loans, no information regarding your employment status, credit history or other background information is ever required. All the information the litigation funding company wants is that which is relevant to the accident that caused your injuries, and those injuries. If you have a solid case which would not be considered frivolous, chances are you would qualify for an advance.
How long does it take to get your money if approved? In most cases, those who apply for settlement loans and are approved can access their money within 24 hours or even sooner. This is an ideal solution for those who need money immediately in order to pay bills, buy groceries and meet other financial obligations.
In most cases, those who qualify can get an advance of about 10% of their expected settlement, so if your attorney determines that your claim is worth $250,000, you will likely be advanced approximately $25,000. This money helps reduce the stress of worrying about how you will pay the bills, so that you can focus on winning your lawsuit.
Learn more about the advantages of settlement loans by speaking with your lawyer, or read about litigation financing online to help you make an informed decision. Don’t settle with the insurance company simply because you are desperate for money and cannot afford the lengthy wait of a personal injury lawsuit – settlement loans give you another option. Contact AddisonPSF to learn more.
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. Addison Settlement loans 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.
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 lawsuit. 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.
When you have been injured and are involved in a lawsuit or waiting for the insurance company to settle, it can seem like forever – and your money isn’t holding up. Pre-settlement funding is just as the name implies, a way to get money before your case settles now, when you need it most. More of an advance, litigation funding companies make it possible for those who qualify to get a portion of their settlement immediately, so that they can pay household bills, medical expenses, the mortgage and more.
How do you know if you qualify for pre-settlement funding? If you have a strong case, chances are you will. However, there is a process you go through in order to determine if you qualify, but it’s quick and easy. Your lawyer will submit the necessary information relevant to your claim, such as how/when the accident or circumstances causing your injuries took place, and details about the injuries. Litigation financing is not based on your credit standing or employment status, only the strength of your case. If you do qualify, you will have the money you need usually within 24 hours.
What about payments, fees, interest, etc? With pre-settlement funding, you only repay the advance at the time you actually win your case and have your settlement, along with any applicable fees and interest. Therefore, there are never any out-of-pocket expenses. Litigation funding is non-recourse as well, which means that in the event you lose your lawsuit and are not awarded a settlement, you owe nothing – no fees, interest, nothing at all.
Pre-settlement funding simply allows those waiting on payment for injuries they have suffered and related costs to live comfortably and avoid financial stress while waiting on the insurance company’s settlement or jury award. Both of these processes can be drawn out and seemingly take forever. Now, you can pay the bills, keep creditors at bay and pay attorney fees so that your lawyer can fight aggressively to win your case.
Most litigation financing companies advance those who qualify about 10% of their expected settlement and offer loans of between $500 and $250,000 depending on your claim’s value. If your attorney is working on a contingency basis, ask him/her if pre-settlement funding is the right choice for you. There is a way to avoid financial distress for those who qualify! Don’t let the insurance company or those who have wronged you run you into bankruptcy, learn more today by contacting Mayfield Settlement Funding.
As an injured victim involved in a personal injury lawsuit, you may find it becomes impossible or nearly impossible to pay all of your bills, mainly due to enormous medical costs. Settlement loans help ease the financial anxiety, helping you pay the bills and live comfortably for the duration of the lawsuit. It is widely known that these types of cases often take months to settle; how do you pay the bills in the meantime, particularly if you cannot work? Litigation funding may be the answer.
What are settlement loans, exactly? It is simply an advance against a pending settlement; in other words, a portion of your own money. Litigation funding companies offer these advances to those who have a solid lawsuit that will likely be won. If you qualify, you can have the money you need to pay household bills, medical expenses, attorney fees and other costs usually within 24 hours or less.
Do you have to have good credit to qualify for settlement loans? No. Litigation funding companies do not care about credit standing, employment status or any background information. The only factor that determines whether you qualify is the strength of your lawsuit. Funding companies review the information regarding the accident which caused your injuries, and the extent of your injuries – nothing else.
How do you repay the loan? You never have to worry about paying fees or other upfront costs with money you do not have. Settlement loans are non-recourse, which means you only repay the loan when you win your lawsuit and get your money. If you do not win, you pay nothing – no fees, no interest, no portion of the advance that was given to you.
Essentially, Mayfield settlement funding allow you to live normally and avoid financial issues while waiting for your lawsuit to reach completion. You don’t have to settle with the insurance company for far less than you deserve, and can relax while your lawyer fights hard for the full compensation you deserve. In most cases, litigation funding companies will advance approximately 10% of the amount you expect to win in your lawsuit. So, if your attorney valued your claim at $300,000, you can expect an advance of about $30,000.
Are settlement loans right for everyone? No, but it may be the solution in your situation. Speak with your attorney about litigation funding today, and whether it may be an option for you to consider.
Companies that offer pre-settlement funding know that injury victims who are involved in a lawsuit often have to wait for months or even longer to see any cash from their claims. If the injured individual is unable to work, it becomes more and more difficult to pay bills over time. For some, the answer is litigation financing.
Pre-settlement funding essentially helps those involved in a lawsuit avoid ruined credit, bankruptcy, foreclosure and other financial issues. Through litigation funding, you can get the money you need to pay your bills and other financial obligations while your lawyer pursues full compensation on your behalf, if you qualify. Ultimately, you can get your life back on track while the lengthy process of litigation continues, living comfortably while paying your bills.
The great thing about this type of litigation funding is that the plaintiff is at no risk financially, because the process is no-recourse. This simply means that even when you qualify and are advanced money on your settlement, you do not repay the advance if for any reason there is no recovery in your lawsuit. You only repay the loan when you do win, and have possession of your money. Any applicable fees and interest will be paid at that time as well.
Additionally, there are no hassles involved in finding out whether you qualify for pre-settlement funding. The information required is related only to your injuries and how they occurred (accident, defective product, etc.). Litigation funding companies do not perform credit checks or verify your employment; it costs nothing to find out if you qualify. The funding company simply wants to make certain that you have a viable case that will likely be won before approving an advance.
Once it is determined that you do qualify, you can get the money you need to pay household bills, medical expenses and other obligations very quickly, usually within 24 hours. There are no up-front fees or out of pocket expenses to put you further in debt.
Litigation funding companies know that it is very enticing to settle with the insurance company when you are desperate for money; however, they also know that the insurance companies do not generally offer a fair settlement, so filing a lawsuit is often the only way to pursue full compensation. However, because a personal injury lawsuit frequently drags out over a substantial period of time, injured victims suffer financially. Talk to your attorney today to learn if pre-settlement funding may be a good option in your situation.
Lawsuit loans often get a bad rap, but they’re actually a no-risk solution for plaintiffs who are involved in a personal injury lawsuit and need money to pay bills right away. Until you are involved in an accident and are injured, you never quite realize the enormous expense you may face as a result of your injuries. When it becomes impossible to pay the medical expenses, household bills and other costs, litigation funding is a possible solution you may want to consider.
Being injured can impact your financial situation much more than you realize. Not only are medical costs higher than ever before, if you cannot work because of your injuries your income is reduced. Depending on the nature of your injuries, you may be unable to work for several weeks, months or even longer. However, your creditors still expect to receive payment. Lawsuit loans let your pay your financial obligations and keep creditors at bay.
Not only are lawsuit loans advantageous to you, these loans also help your attorney when he/she needs the financial resources to build a strong case on your behalf. Litigation funding is actually not a loan, but more of a cash advance against your pending settlement. You only repay the advance if you do win your lawsuit, along with minimal fees and interest; in the event you do not win, you owe absolutely nothing. One way of looking at settlement funding is that if you should be approved for a loan and then do not win your lawsuit, you have free money!
Qualifying is easy, as long as your lawsuit is a strong one and not frivolous. The documentation necessary includes details only about your lawsuit, the accident and injuries you suffered, nothing else. You will not need to provide personal information regarding credit rating, employment status or anything else of that nature. In most cases, if approved you will have your advance within 24 hours, often the same day.
Being injured is stressful enough, and changes your life in more ways than you can imagine. Why face possible bankruptcy because you cannot pay your bills, or settle for far less than you deserve from the insurance company? With lawsuit loans, you can continue forward with your lawsuit no matter how long it takes, so that your attorney can work to secure the full compensation you deserve. Speak with your lawyer about litigation funding today. It could be the financial relief you’ve been looking for, so that you can live comfortably for the duration of your lawsuit. Contact Addison Lawsuit Loans for more information today.
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