subject: Help! I Need a Lawsuit Loan Before My Case Settles [print this page] Help! I Need a Lawsuit Loan Before My Case Settles
So what exactly is a loan on a lawsuit and how can the average person involved in a lawsuit go about getting one.
With an overwhelming number of lawsuits filed in the United States each year and an increasing length of time that it takes for it to go through the legal system, many people who get caught in the prolonged process find themselves unable to meet their growing financial expenses. Yes lawsuits can take a very long time to settle and unfortunately for plaintiffs this often means that they are stuck in a bad financial situation for a considerable period of time. This may even force some plaintiffs to settle for much less than their case is worth, just so they can get the money and be back on their feet.
Settling your case prematurely is not the solution. This is where lawsuit loans come in. What these cash advances do for plaintiffs is advance them a proportion of their money today, so that they do not have to settle early and they can hang in to receive the fair value of their case. The case may still take a long time, but at least you can get money today and be in a better financial position and therefore have greater bargaining power. This is why lawsuit loans are often referred to as leveling the playing field for plaintiffs.
Another major benefit of lawsuit loans is that there is no restriction on what they can be used for. You can use them to pay expenses, monthly bills or medical costs as they arise. It is your money and there are no limits or restrictions on the use of the funds. This is not like a traditional loan where the funds must be used for a specific purpose and repayments are required monthly. With a lawsuit loan there are NO monthly repayments - absolutely nothing to repay until the case is settled favorably to the plaintiff. If the case is lost, there is nothing to repay.
Most lawsuit funding companies also do not require the massive amounts of paperwork and documentation that the major banks and financial institutions do. There are also no credit checks or income history verification. The cash advance on the lawsuit is based solely on the strength of the case.
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