Lawsuit Loans and Their Benefits to Personal Injury Victims
Dec 15, 2011 Legal Finance
Although the term is a bit misleading, lawsuit loans are actually cash advances on a plaintiff’s anticipated lawsuit settlement. When you have been injured because of someone else’s negligence, you may find yourself in court for months or even longer in an attempt to reach a fair settlement. Litigation funding is designed for those who are facing financial difficulty due to the added expense of medical bills and the inability to work due to their injuries or time spent in court fighting for their rights.
What are the benefits of lawsuit loans?
If approved, you do not have to wait for months or even years to gain access to your money. Generally, you will have a portion of your expected settlement in just 24 hours.
There is no physical collateral required. Your expected settlement is your collateral.
There are no credit or background checks involved, nor will your employment records be checked. Litigation funding is based entirely on the merits of your lawsuit.
There are no up-front or out-of-pocket expenses involved. If you receive a loan, you will only repay the funding company once you have your money in hand – no monthly payments to add to your already burdened financial situation.
The funds can be used for medical expenses, attorney fees, household bills and even repairs to your car if it was damaged in the accident that caused your injuries.
Lawsuit loans are non-recourse, which simply means that in the event you do not win your lawsuit or receive settlement from the insurance company, you are not responsible for repaying the litigation financing company. This offers a measure of comfort to most plaintiffs, who wonder how they will ever repay the loan should they not receive a settlement.
The amount you may be entitled to depends on how much your settlement is worth. For example, if you expect to win $80,000, you may be approved for a loan of approximately $8,000 – usually around 10% of your expected settlement. Lawsuit loans are usually given in amounts that range from $500 to as much as $250,000 or more.
If you receive structured settlement payments instead of a lump sum, you can repay the settlement funding company with a portion of those payments, so that you are never out any additional money. Lawsuit loans make it possible for injury victims who might not have otherwise been able to make it through a long, drawn-out lawsuit to live comfortably and pay their bills while waiting on settlement.
Your attorney will submit the necessary documentation to the litigation funding company, who will then review it to determine if you qualify. If so, you will have the funds you need to stay on track financially, so that you can continue to fight for the full compensation you deserve. Talk to your lawyer about the benefits of lawsuit loans, and whether it is a sound option for you.
Lawsuit Loans – No Out of Pocket Fees, Money When You Need It Most
Jun 20, 2011 Legal Finance
Lawsuit loans are an easy way for those who are injured and involved in a lawsuit to get the money you need now. Chances are you’re low on funds and having a hard time paying the bills, especially if you are unable to work due to your injuries. With settlement funding, there are no out of pocket fees or expenses to add to your financial problems.
When you have been injured and spend your time in court fighting for your rights, it’s often hard to keep up financially. Paying the normal household expenses can seem impossible, and now you have medical bills on top of that. Lawsuit loans allow you to get the money you need within 24 hours if you qualify, no strings attached.
If you win your lawsuit, you repay the settlement funding company at the time that you receive your money. If you do not win, you pay absolutely nothing. Because litigation financing is no recourse, you have peace of mind knowing that in the event you do not win, you will not owe the settlement funding company a substantial amount of money.
Insurance companies will do their level best to convince you to settle for far less than you deserve; after all, they are in business to make money. This can be an attractive offer to a plaintiff who is desperate for money. Lawsuit loans help you avoid this, so that you can pursue full settlement even if it takes months. Live comfortably, pay your bills and focus on getting the full compensation you deserve from those who have wronged you.
Working with settlement funding companies is an easy, pleasant experience that is hassle free. Your attorney will fill out the required application which is relevant only to the details of your lawsuit. With lawsuit loans, you never have to worry about credit checks or whether you currently work. The only thing that matters is that your lawsuit qualified for a cash advance.
If approved, you will receive your money the very next day whether you qualify for $500 or $200,000. Of course, the amount you are eligible for is determined by how much you expect to win in your lawsuit, so amounts will vary. There are no surprise costs, nothing hidden for you to learn later. Lawsuit loans are available at very low rates, which you will find of little consequence considering the difference in money you would receive were you to settle with the insurance company versus what you will receive in winning full compensation.
If you’ve been considering settling for what the insurance company is offering because you just don’t see how you can continue, consider settlement funding. Those responsible for your injuries should be held fully accountable, and you deserve to be fairly compensated. Get the details about lawsuit loans online today, and put an end to your financial worries.
What Are Lawsuit Loans, and How Can They Benefit You?
Oct 5, 2009 Legal Finance, Personal Injury
If you are involved in a personal injury claim, you may benefit from lawsuit loans, especially if you are having financial difficulties. Settlement funding companies offer this money so that you can continue your lawsuit without feeling the stress of added financial worry. If you are not familiar with this process, keep reading. How much compensation you are rewarded may depend on it!
There are many terms for this process, including pre-settlement funding and litigation financing. While lawsuit loans may sound like something that you interpret must be paid back on a monthly basis, it is not. Settlement funding companies offer this as more of an advance, based upon the specific criteria of your claim. If you merit an advance, you do not pay the money back on a monthly basis as you would a conventional loan. You pay nothing until your claim reaches conclusion. Even at that time, if you do not win you pay absolutely nothing back to the funding company.
Often when people are involved in personal injury cases, they find themselves short on money to pay bills, medical costs and other expenses. When you are injured, you sometimes cannot work. This puts a burden on your entire family, and expenses pile up. Lawsuit loans enable you to take care of these monthly expenditures while you pursue compensation. This way, you can focus on your lawsuit without worrying about how you will pay your bills.
Pre-settlement funding is a simple process, and your attorney can help you determine if it may be the solution you need to continue your case, so that you don’t end up settling for less than you deserve from insurance companies. When you do win your claim, you pay the settlement funding company back at that time, at an amount that was predetermined when you received your advance.
The money you get may be used for a variety of reasons. Paying household bills or repair costs are common, as well as medical expenses due to injuries you received in your accident. You may even need money for attorney fees. Lawsuit loans can actually help to insure that you get full compensation, and do not have to settle for less because of your financial situation, and the inability to continue with your claim.
Find out more online, or talk to your attorney. Pre-settlement funding is a simple solution in many instances, and may be just what you need to get every penny you deserve!
Pre-Settlement Funding – Get The Money You Need Without Risk!
Sep 10, 2009 Legal Finance
If you are involved in a personal injury or wrongful death lawsuit, you may find yourself short on money. Pre-settlement funding is an option that allows you to get the funds you need for monthly household bills and other expenses with no risk involved. If you have never heard of this or believe it may benefit you, read on.
Litigation funding companies offer financial aid to those who are involved in lawsuits and find themselves short on money. Those involved in personal injury cases are particularly susceptible to this problem, as sometimes the injuries they sustained prevent them from working. This means that money is short, and the monthly bills keep rolling in. You don’t want to take out a loan at the bank, because you cannot afford another monthly payment – plus all of the red tape required to even get the money.
Pre-settlement funding is offered by companies who review the details of your lawsuit in order to determine if it merits obtaining lawsuit loans. While this term sounds as though you will be paying monthly installments, you do not. You do not owe a dime to the litigation funding company until your case is final. Even at that point, if for some reason you do not win you owe no money – not one dime – back to the company. This helps put your mind at ease, knowing that if you do not prevail you will not owe yet another debt.
You may find yourself needing help with medical bills, attorney fees, household bills and perhaps even vehicle repair expenses. Often, a litigant feels they must settle out of court with the insurance companies, simply because they feel they do not have the finances to continue so that the judge or jury can determine the outcome. This often means that you end up with a considerably less amount of money than you would have won had you been able to proceed with your lawsuit.
If pre-settlement funding sounds like a plan that would benefit you and help you continue your lawsuit, it is a very simple and quick process. If you qualify, you will receive your money the very next day. Your attorney can submit the required paperwork, and you don’t have to worry about your credit ratings, previous employment or even bankruptcy – none of this affects whether or not you are eligible.
Are you involved in a lawsuit, but feel that your financial situation may force you to settle out of court? Learn more online about litigation funding, or contact your attorney to determine if pre-settlement funding may be a good solution to your dilemma. You should not settle with insurance companies for less than you really deserve unless you have exhausted all of your options!
Tags: Get Money From Injury Settlements, lawsuit loans, pre-settlement funding
Pre-Settlement Funding – Solutions For Litigants With Personal Injury Claims
Aug 31, 2009 Legal Finance, Personal Injury
Are you considering filing a personal injury lawsuit, or perhaps have done so already? If you find yourself in financial trouble, pre-settlement funding may be a solution you want to consider. While it is not for everyone, it is often a method that will allow you to continue your lawsuit and not simply settle because of financial worries.
Litigation financing companies offer funding to those whose case qualifies. This money is an advance that is determined on how much you expect to win in your lawsuit. You may need a small amount, or you may need a significant amount of money to live normally while your case is settled. Pre-settlement funding is not a loan as many people think. There are no monthly payments to add additional worries to your already stressed financial situation.
Many people involved in personal injury lawsuits are unable to work because of the nature of the injuries they have received. Household bills are mounting, medical expenses are adding up, and then there are attorney fees to consider. It just seems easier to settle with the insurance companies to avoid getting further into debt. Litigation financing companies help you avoid this scenario, so that you can get the full compensation you deserve.
Do you have to wade through red tape to go this route? Absolutely not. Lawsuit loans are not like conventional loans. There are no credit checks, past employment history, or collateral to worry about. Even if you have filed bankruptcy, this is not an issue. Again, you make no monthly payments. You only repay the litigation funding company when you win your settlement. If you do not win, you owe no money at all.
Pre-settlement funding is a very simple process that is not time consuming or confusing. Your attorney can submit the needed information to the funding company. They will then review it carefully to see if your case merits an advance. The decision is normally made that same day, and if approved you receive your money the next morning. There is absolutely nothing hard about it, and it is not like pulling teeth as conventional bank loans are.
Litigation financing companies realize that this is a risk on their part, but that is part of the reason they scrutinize the details of your case. This way, they can be fairly certain that you will win. You can have money to pay your monthly obligations, without the additional stress and worry that you do not need while engaged in a lawsuit. Talk to your attorney about pre-settlement funding, or go online to learn more. It is a suitable option for many, and will perhaps help you proceed so that you can get every dime you deserve in your case!
Probation Officer Pleads Guilty To Extortion
Aug 31, 2009 Criminal Cases, Legal Finance
In Atlanta area legal headlines, a County State Court Probation Officer
identified as Natalie Nicole Dunn pleaded guilty to conspiracy to commit
extortion in a criminal charge fixing scheme.
Dunn and her accomplice and co-defendant Keith L. Hughes were caught after
an FBI sting was put into effect, with a man that had pending criminal
charges, according to U.S. Attorney David E. Nahmias. Dunn contacted the
man that had been arrested for drug offenses and told him that his pending
charges could be dropped for $25,000 payment to her and Hughes. During the
plans, the FBI put into place the man with pending drug charges paid Dunn
and Hughes two $5,000 installments on the dismissal of his criminal
charges. In another meeting in December Hughes told the man that he and
Dunn would make false reports to the DeKalb County District Attorneys
Office that he was cooperating in other investigations. By the way if you
find that you need a Atlanta injury lawyer let me humbly recommend
the Law Offices of James Rice. He is an outstanding Atlanta injury lawyer.
He can also help if you require an auto or car accident attorney.
Dunn and Hughes were indicted in March 2009 and Dunn pleaded guilty to one
count of conspiracy to commit extortion under the color of official right.
The charge carries a maximum sentence of 20 years in prison and a fine of
up to $250,000.
Tags: Atlanta injury lawyer
Lawsuit Loans – A Simple, Easy Solution That May Be Just What You Need
Aug 20, 2009 Legal Finance, Personal Injury
People hear the words ‘lawsuit loan’ and they think to themselves that they simply cannot afford another monthly payment. Litigation funding is designed exactly for that reason. Those who are involved in a personal injury lawsuit can get the money they need without worrying about additional monthly financial obligations.
Many who are injured in an accident cause by another party often feel that they simply do not have the means to file suit. They may be unable to work due to their injuries, and feel that hiring an attorney or pursuing justice is simply not an option. While this is understandable, you should never let the guilty party get away with what they have done. If you are seriously injured, you may be disabled for life and never work again. Do not let this happen to you!
The thing is that lawsuit loans are ideal for situations like this. Litigation funding companies work with people in these same types of cases every day, and provide a way for them to seek financial compensation. Pre-settlement funding allows you to get the money you need up front, and never worry about repaying the money until your lawsuit is complete. Even at that point, if for some reason you do not win, you owe nothing! Essentially you have nothing to lose, and much to gain by pursuing your claim.
Plaintiffs in lawsuits often find themselves being pressured by insurance companies to settle for less than they deserve, and that can be very tempting when a case seems to be dragging on forever. You’re hurt, perhaps you cannot work, and the bills keep mounting up. You know you cannot afford to keep going on for months with your lawsuit, and you just don’t know what to do. Settlement Loans are an option you definitely need to consider.
Litigation funding companies make getting the money you need easy. You don’t have to get tangled up in red tape like you do with traditional loans. There are no credit checks and past employment history to worry about, no monthly payments, and no collateral. Your collateral is actually a portion of the money you expect to win in your claim. When you get an advance, everything is decided at the very beginning, so that you know what you owe the settlement funding company and there are no surprises.
Have you been injured because of the negligence or carelessness of a third party? If you need money to pursue justice and feel that you cannot afford to go after what you deserve, speak to your lawyer or go online and learn more about lawsuit loans. You can go after those that have put you in this situation, without the additional worries of how you are going to pay your monthly bills. Litigation funding companies are your saving grace in many instances!
Tags: affordabel settlement loans, why lawsuit loans are easy
Lawsuit Loans Can Simplify Your Financial Hardships When Enduring A Lawsuit
Aug 10, 2009 Legal Finance
Unfortunately, most people don’t understand what a lawsuit loan is and how it works. If you are involved in some sort of accident, injury and/or lawsuit – you will find out that the legal battle can often times be very time consuming and a stressful time period. You will be dealing with pain, financial issues and emotional stress. Lawsuit loans allow you to get money as an advance to your lawsuit, which helps you to pay your bills and stay afloat during this rough time period.
These lending companies that offer you money in lieu of your lawsuit advance you cash based on the expectation that you will settle for a certain amount of money. There are a wide variety of cases that would qualify for this type of situation. For example, you may have been in a car accident, a medical malpractice case, dog bite case or possibly a wrongful death case of a loved one. These loans will help you cover lost wages, medical costs and normal expenses. You can often times obtain lawsuit loans within a day or two at the most, which is an extremely fast turnaround time.
Although lawsuit loans are not the best idea available for everyone, some people are simply forced in to obtaining these types of loans. So, if possible, avoid obtaining a loan for your lawsuit – however if it is necessary to allow your case to take it’s normal path, it may be a wise financial investment. You can always contact a company that offers these loans to find out how much money you can obtain and whether this loan is for you.
The great thing is that these loans do not require payments like a conventional loan. You simply obtain the money in advance, and once your case settles the lender will obtain their portion of the money based on your original agreement.
If you end up in the middle of a court case or lawsuit and know you will win this lengthy case, feel free to ask your attorney more about this service or contact a pre-settlement funding company.
Tags: lawsuit loans
Pre-Settlement Funding Can Essentially Help You Win Your Personal Injury Case
Aug 3, 2009 Legal Finance
Many people find themselves involved in a personal injury case, and quickly running out of funds to pursue justice. Pre-settlement funding is an option you should carefully consider if you feel that you cannot see your claim through to the end because of mounting financial worries.
Litigation financing companies offer these services to you as a way to continue your claim and get the full amount of compensation you deserve. Many people involved in personal injury claims soon find themselves running short on funds because of medical costs and their inability to work. This often results in settling for a lesser amount than they truly deserve with insurance companies.
While conventional loans are also an option, they usually are not beneficial to those in this situation. Many people need to avoid an additional monthly payment, which is what happens when you get a loan from a bank. With pre-settlement funding, you get money in advance based on the amount you expect to receive when your case is final. You make no monthly payments, you simply repay the litigation financing company when you get your money.
Lawsuit loans are unlike conventional loans, in that you owe no money in the event that you do not win your lawsuit. There is absolutely no recourse, so you don’t have to add to the stress you are already under by worrying about another monthly payment. Pre-settlement funding allows you to pay monthly household expenses, medical bills, and even attorney fees so that you can pursue your claim fully.
Unlike conventional loans, applying for funds through a litigation financing company is a simple process. There are no employment or background checks, no credit checks and no collateral to worry about. You simply have your attorney submit the necessary documentation which will be examined to determine if you qualify for pre-settlement funding. Another attractive thing about lawsuit loans is that you learn the same day if your case does merit funding.
When you are involved in a personal injury lawsuit, the last thing you need is additional stress and financial burden. You want to get every penny you deserve, but find yourself wondering if you will be able to afford to continue with your claim. Pre-settlement funding is the perfect solution for many people. Check with your attorney at once to learn if litigation financing may be a viable alternative for you!
Tags: pre-settlement funding
Lawsuit Loans – What They Are and How They Work
Jul 21, 2009 Legal Finance, Uncategorized
Have you heard the term ‘lawsuit loans’? While the term is really a little misleading, it is an option that actually benefits many people who are considering filing a lawsuit. If money is a problem that is hindering you from getting the settlement you want, you may want to consider litigation financing.
Lawsuit loans are not actually loans. They are more of a cash advance that is given determined upon the amount you expect to win in your settlement. Unlike conventional loans you get at a bank, there are no special requirements to meet and no credit check history reports or past employment information to worry about.
Frequently a litigant must settle for less than they deserve when involved in a lawsuit because they simply do not have the financial resources to continue their case. Money may be tight due to the economy; they may be facing foreclosure or other obligations. Getting a loan from a bank is not even an option, because they cannot afford another monthly bill.
Litigation financing offers the opportunity for you to get the money you need right away. This money can be used for medical costs, monthly household bills and even attorney fees. It helps you sustain a normal life without additional money worries while you see your case through to the end. Lawsuit loans are the answer for many people in pursuit of justice. Many companies are online, and have a quick questionnaire you can fill out, or you may decide to call so that you can learn more about the process before making a decision.
The entire process is quick and easy. Your attorney will submit the documentation on your case to a settlement funding company. Once they review the information, you should know the same day whether you are approved. If so, you will have your money the very next day. A signature from you and your attorney is basically all that is required!
While lawsuit loans are not for everyone, they are definitely an option you may want to consider. You only repay the advance back when you do win your settlement. If you do not win your case, you owe nothing, there is no recourse. Speak with your attorney if you believe that litigation financing may benefit you in your pursuit of justice.
Tags: lawsuit loans
