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Category: Lowest Rate Pre Settlement Loans

LOWEST RATE

LOWEST RATE PRE SETTLEMENT LOANS ARE AVAILABLE

BEST DEAL AVAILABLE

BEST DEAL AVAILABLE HERE

Medical bills pile up quickly when you’re injured, physical therapy costs can soar, and you may even need to make modifications to your home for a permanent injury. You may not be able to work for a time, or ever, which results in lost income at a time when you desperately need it. Lowest Rate Pre Settlement Loans can help.

If someone is at fault for your injury, you are entitled to compensation. But that compensation can be a long time coming. Personal injury lawsuit timeframes vary widely, but just getting to trial can take a year or two.

Many people take out a pre-settlement funding loan while they wait. Those bills are piling up and they need money to pay them.

However, the wrong pre-settlement funding loan can really eat up your award or settlement when you finally do get it. Learn how to get the best rate on your loan here. With a low rate, you’ll get to use your settlement money before the trial ends without giving up too much to interest on the loan.

HOW A LAWSUIT LOAN WORKS

Lawsuit loans don’t work quite like other loans that you may already be familiar with. You don’t have to make payments as the loan will be repaid in one lump sum when you win your case.

If you lose your case, you don’t have to repay the loan at all — making it a risk-free choice.

However, because of this, settlement loans have strict requirements. These include:

  • Must have filed a valid lawsuit
  • Your attorney must be working on a contingency basis (they only get paid if you win)
  • You can only qualify for a certain percentage of your expected award amount
  • The defendant must be liable (you can’t be at fault for the accident)
  • Have a qualifying case (underwriting criteria can vary so try another lender if the first one turns you down)
Best Deal

GET THE BEST DEAL POSSIBLE

Once meeting all the requirements, you’ll also discover that settlement loans can be a bit more expensive than other types of loans. The convenience and low-risk come at a price.

Let’s see some tips for keeping the price as low as possible.

1. CHOOSE A REPUTABLE LENDER

There is little regulation in place for pre-settlement funding loans. Like payday loans, disreputable companies can charge exorbitant, predatory rates. The best remedy for this is to choose a reputable lender in the first place.

Once you file your loan it’s likely that you’ll start receiving offers from lenders in the mail. But choosing one of these at random could be a mistake.

Instead, do your research. Your lawyer will probably be able to offer a recommendation. You can also check with the American Legal Finance Association (ALFA). They keep a list of best practices and member organizations agree to abide by them.

However, keep in mind that they put their member’s best interests first, not yours.

2. ALWAYS COMPARE RATES

It’s a good idea to shop around to compare rates. However, this can be more of a challenge than it usually is when shopping for loans. Because the rates for settlement loans are high, lenders don’t often display them prominently.

Some lenders will want to review your case before they offer a quote. Most lenders will do this for free, but some charge, so be sure to ask.

We offer a short form for you to fill out and will let you know what you qualify for in less than 24 hours.

NO COMPOUND INTEREST PLEASE

NO COMPOUND INTEREST PLEASE

3. ASK ABOUT COMPOUNDING INTEREST

A loan with simple interest is best, but many companies compound the interest. Every time they compound it, you’ll be paying interest on interest, driving up the repayment cost of your loan.

Find out how often your potential lender compounds the interest.

Many companies compound the interest monthly, but others may do so weekly or even daily. It won’t make much difference in the short-term, but over time that interest can really add up.

Ask your potential lender about their policy and be sure to read the fine print as well. Personal injury cases can drag out for months and every time the interest compounds, your repayment amount grows.

4. CONFIRM THE LOWEST RATE PRE SETTLEMENT LOAN REPAYMENT TERMS

In addition to not repaying the loan if your case fails, you also should not have to pay more than your award amount. Be sure to double-check that both these contingencies are part of your loan agreement.

5. LASTLY – ASK ABOUT FEES

The interest rate probably won’t be the only fee you have to worry about. Watch out for other fees that the company may tack onto your loan. A few common examples are:

The fee itself might be minimal but remember, it will be added to your loan and you’ll be paying interest on it.

Make sure that when you calculate how much your loan will cost, you include the appropriate fees so you won’t be surprised later.

A Lowest Rate Pre-Settlement Funding Loan to the Rescue

GET THE LOWEST RATE

GET THE LOWEST RATE AVAILABLE

Insurance companies and other savvy defendants know that time is working against you. Payouts vary widely depending on the type of case and the extent of your injuries, but on average people get nearly $53,000. That’s a tidy sum!

But right now, you have medical bills piling up and living expenses to pay whether you’re able to work or not.

The defendant will drag their heels as long as possible and their attorneys will put in frivolous motions whose sole purpose is to slow down the case. The point is to get you to agree to a lower settlement amount because you can’t afford to wait any longer.

A pre-settlement funding loan is a perfect answer to this problem.

It will give you the time you need to get the full compensation you deserve. Play your cards right and you could potentially end up with more money in your pocket even after paying off the loan because you got a higher award amount.

READY TO GET SOME HELP?

Get a pre-settlement funding loan from a trusted company today and ensure your financial future is bright.

CLICK TO APPLY FOR A SETTLEMENT LOAN NOW

CLICK TO APPLY FOR A LOWEST RATE PRE SETTLEMENT LOAN NOW

If you have any questions or concerns, we want to hear from you to learn how we might be able to help!

Call us now at 800-251-6606 or simply click to find out about the Types of Cases We Fund to get started.

 

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