When Are Lawsuit Loans a Viable Solution?

You may have heard of lawsuit loans but are just not sure if they are a solution for you.  Those involved in personal injury lawsuits often find they last much longer than you may have first thought.  There comes a point in time when money is running short; you may be unable to pay your bills, and settling with the insurance company is looking more and more attractive.  Litigation financing is a process that has helped many in this situation continue forward toward a full settlement so that they could avoid settling for less than they deserved.  Might this be the answer you’ve been looking for?

You’re the one who has been injured and had your life impacted significantly.  Now you find that just paying the bills is becoming a hardship, not to mention the additional costs of medical bills.  Lawsuit loans allow you to get the money you need quickly if you are approved – generally within 24 hours.  There is no collateral involved, and you do not have to go through credit checks or other hassles.  Your lawyer will fill out the short application and submit it to the litigation funding company for review.  If approved, you will receive your money the next day.

Lawsuit loans enable you to pay normal household bills, medical costs, attorney fees and other expenses.  This means that instead of worrying about financial problems or even bankruptcy, you can concentrate on winning your lawsuit.  Depending upon how much you expect to win, lawsuit loans typically offer you an advance of between $500 and $250,000 or more.

With litigation financing there’s no worrying about how you will pay yet another monthly bill.  You only repay the settlement funding company if and when you win your lawsuit and have access to your money.  Should you fail to win, you owe absolutely nothing to the funding company.  You can relax without worrying about how you will repay the money in the event you do not win.

There are no up-front costs of out of pocket expenses with lawsuit loans.  While most company do charge a small fee, it is of little consequence when compared with how much money you stand to lose if you settle with the insurance company. Those responsible for your injuries should be held fully accountable.  They have upset your entire life and run it off course; you deserve every dime of compensation you are entitled to.

Are lawsuit loans a solution you should consider?  Absolutely.  Talk with your lawyer to learn more about litigation funding, or fill out our online questionnaire for more information.  You don’t have to stress about financial worries!