Settlement Loans – Fast, Easy Peace of Mind for Personal Injury Plaintiffs

What exactly are settlement loans?  While you may think of the type of loan that you get at a bank, this is really more of a cash advance against a pending lawsuit settlement.  Litigation funding companies offer these types of “loans” to those who are having a hard time financially while involved in a personal injury lawsuit.  If you qualify, you can have the money you need to pay household bills, medical expenses and other costs within 24 hours.

Many people who are injured and file a lawsuit against the responsible party are unable to work due to their injuries.  Not only have you lost your source of income until you recuperate, medical bills start piling up.  While you are in court fighting for your rights, your financial situation may be going south.  Settlement loans allow you to get the money you need now, so that you can live a normal life while waiting for your lawsuit to settle.  Litigation funding companies determine if you qualify based solely on the details of your lawsuit, so there are no credit checks and other details to worry about.

Nearly everyone knows that insurance companies want to settle with you for less than you are entitled to; after all, they are in business to make money.  Settlement loans help you avoid settling with insurance companies, so that you can go on to win all of the money you deserve for your injuries, pain and suffering and even lost wages.  You may be curious as to how you repay the litigation funding company, but that’s easy.  You pay nothing until you win your lawsuit and have your money – there are no monthly payments to worry about.

What happens if you do not win?  No worries about this as well.  With settlement loans, you only repay the advance if you do win.  If you do not, you owe nothing as the process is non-recourse.  This way, you have peace of mind in knowing that if for some reason you do not win your lawsuit, you aren’t going to owe thousands of dollars to the litigation funding company.

How do you apply for a settlement loan?  Your lawyer will submit the application, which only consists of information about your lawsuit.  Once submitted, the litigation funding company will review the information quickly, so that you know within a day if you qualify.  If you do, you will have the money you need to pay all of those bills that have been stressing you out so that you can relax and focus on winning your lawsuit.  In a nutshell, settlement loans allow you to get the money you need by the very next day if you quality.

Learn more online, or talk to your lawyer today!  Relief is just around the corner.