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GET A WORKERS COMPENSATION LOAN

Get A Workers Compensation Loan

There are around 2.8 million nonfatal workplace injuries each year. If you’ve suffered one of these and you’re worried

WORKERS COMPENSATION LOANS

WORKERS COMPENSATION LOANS

about your financial situation, you should know that you’ll be entitled to workers’ compensation. This should cover a large portion of your lost wages and medical expenses.

 However, if your settlement is challenged through litigation, you might find yourself short of money in the short term. Settlement loans for workers’ comp can be very useful in this situation.

 Read on to learn more about this type of loan and whether you should take one out.

 What Is Workers’ Compensation?

 If you suffer an injury or fall ill at work, you may be entitled to receive workers’ compensation. This scheme will cover a certain amount of any wages you lose out on while you’re out of work, as well as expenses related to your medical treatment.

 The precise laws on workers’ compensation vary from one state to the next. However, where you suffer an injury as a direct consequence of your workplace activities, your employer should have to provide it.

 There is a wide variety of injuries that qualify for workers’ compensation. The most common complaints that see claimants get relief are musculoskeletal issues, such as broken bones or damaged ligaments and tendons.

 It is possible to secure compensation for psychological issues in some cases. However, because causation is more difficult to prove in the case of a condition like anxiety or PTSD, payouts are less common.

 Settlement Loans for Workers’ Comp

 Even clear-cut workers’ compensation cases can end up in court. While you might be certain of the outcome from the very start, it can take a long time to convince a court of the real facts of a case.

 Unfortunately, during this period you won’t have access to any of your compensation money. This means that you’ll be left to fend for yourself financially, potentially with no income whatsoever.

 Not only that, but you will also not have access to workers’ compensation doctors for your medical care. This means that you may have to pay for treatment out of your own pocket, especially if you have an urgent condition like chronic pain.

 This isn’t a situation you will be able to sustain for long, especially if you have a family to support. Luckily, workers’ comp settlement loans exist to address precisely this need.

 How Does the Loan Work?

 Once you receive notice that your claim is in dispute, you are entitled to apply for one of our settlement loans.

30 SECOND APPLICATION

CLICK FOR OUR 30 SECOND APPLICATION

 The rules on how and when you can apply for this type of loan vary from state to state. In some jurisdictions, you’ll have to hire a lawyer before you can submit an application.

 If you’re struggling to put money together to mount an effective case, we also offer lawsuit funding loans.

States in Which Workers’ Comp Settlement Loans Are Available

 Workers’ compensation disputes are common in every state. Unfortunately, not every state permits workers’ compensation settlement loans.

 We provide a list of states in which our services are available on this page.

 Why Might a Workers’ Comp Case End Up in Court?

 You might think that securing a workers’ compensation payout would be a simple process. After all, most companies in

COURT COSTS MONEY

COURT COSTS MONEY

most states are legally required to have workers’ compensation insurance, and even many of those companies that aren’t affected by this rule choose to take out insurance anyway.

 However, it’s not always as easy as collecting your check from the insurance company. Workers’ compensation disputes are unfortunately very common.

 The objection may come from the employer or from the insurance company.

 Employers’ insurance premiums will climb considerably after a claim. This is because insurance companies assess premiums on the basis of risk and because one claim indicates a higher likelihood of another happening in the future. Therefore, many choose to contest workers’ comp claims.

 Insurance companies also choose to do this in some cases. Their business model relies on the payment of as few claims as possible, which means that they’ll do whatever they can to disprove claims in a lot of situations.

 What Will They Dispute?

 Generally, the easiest way for an employer or insurer to challenge your workers’ compensation claim is to raise a question about causation. What this means is that they’ll attempt to prove that your injuries did not arise due to workplace activities.

 This is impossible in many cases, such as where a worker falls from a height and suffers a broken bone. However, not every injury or illness has as obvious a cause as this.

 For instance, consider repetitive strain injuries. These are conditions that arise due to a continued pattern of exertion over a long period, such as lifting or carrying.

 If you suffer such an injury, and you perform lifting or carrying movements outside of work (such as in the gym) your opposition may try to use this to disprove your case.

 Getting the Help You Need at a Difficult Time

 Workplace injuries are hugely difficult for anyone. The physical trauma of suffering an accident coupled with the financial difficulties that might accompany it are enough to overbear on anyone’s resolve.

 However, if your workers’ comp case ends up in court, you should know that there are ways to keep yourself afloat financially until you get your money. Settlement loans for workers’ comp give you an invaluable option when times are tough.

 If you’d like to learn more about this financing option, contact us today to find out if your issue qualifies for a loan.

WORKERS COMPENSATION LOANS

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FINANCE YOUR LAW FIRM

WHAT YOU NEED TO KNOW TO GET A LAW FIRM LOAN

For the academic year 2019 to 2020, the average annual cost of private law school was a staggering $49,548. That’s the bare midpoint cost per year, and law school takes at least three or four years to complete. That means law students pay a minimum of $150,000 to $200,000 to get their education.Most studends have to at least consider How to Get a Law Firm Loan

These education expenses don’t end with law school, though, as there’s higher ed to think about too. Many

IT COST A SMALL FORTUNE TO BECOME A LAWYER

IT COST A SMALL FORTUNE TO BECOME AN ATTORNEY

graduates have to take law specialization courses as well.

So, it’s no wonder that law firm loans have become the norm for startup practitioners. Without legal funding, it would be close to impossible to launch a new legal practice.

Ready to begin your legal funding application? Then be sure to read this guide first!

 

1. A LAW FIRM LOAN Loan Can Help Your Startup Succeed

If you’re thinking of starting your own law firm, a business loan can help you succeed. A study found that loan-backed businesses had twice the revenue. That’s in comparison with companies without any form of credit at all.

 

2. Traditional Lenders Want to Know What You Need the Loan For

Do you need the funds to cover monthly office expenses, such as rent, utilities, and research? Perhaps you need funding for filing fees, insurance, payroll, or other operating costs. You may even need TO GET A LAW FIRM LOAN  to cover the advances and deposit for the actual office itself.

It’s crucial to make a list of all these expenses as traditional lenders will ask you what you need the loan for. For instance, many banks will want to know if the money you’ll borrow will go toward rent or equipment costs. The Small Business Administration (SBA) has even more stringent requirements.

If you don’t want to go through all these, non-recourse solo attorney case loans are your better option. These come with more relaxed lending standards, and you can use the funds for whatever you need. You can even use the cash to cover your law firm’s advertising and marketing expenses.

CREDIT HISTORY MATTERS

CREDIT HISTORY MATTERS – SORRY

3. Most Lenders Would Review Your Credit Score

In the US, almost one in five young people (18 to 22 years old) don’t have a credit report. Those who do (such as those who already use credit cards) have an average credit score of 672. By Experian standards, that’s below what classifies as a “good score.”

If the same goes for you, you’re likely to have a hard time qualifying for a bank-issued business loan. Credit scores, after all, are one of the most crucial factors to be eligible for traditional loans. If you don’t have a credit score of at least 700, most business lenders will say no to your application.

This isn’t the case with law firm financing programs from legal funding lenders. They’re not like usual business loans, as they don’t require an in-depth look at your credit history. Instead, they will base your qualification on the merits of your pending cases.

4. Business Bank Lenders Also Look at Cash Flow

When reviewing applications for small law firm loans, most lenders look at cash flow too. This is a measurement of the amount of expendable cash that a borrower has. It has to be dispensable, as traditional lending firms will consider this as a way to pay back what you owe them.

These lenders often don’t grant business loans for law firms if the borrower has too little cash on hand. Unfortunately, most lawyers who want to start their own firm fit this bill. For many, a lack of cash flow is the reason they need to take out a loan in the first place.

Non-recourse legal funding for attorneys and law firms won’t require this from you. They understand that many attorneys are still paying back their law school loans. After all, as many as six in 10 student debt borrowers say they’ll be in their 40s by the time they pay off all their debts.

Instead, legal funding firms will only have to verify the success potential of your cases. If the lender sees that your claim has a strong possibility of winning, you’re likely to get the funds you need.

5. How You Get Paid Matters to Most Lenders – but not so for law firm loans

Many lenders may also be unwilling to extend credit to contingency-fee lawyers. In such cases, litigators who act for plaintiffs often don’t get paid for weeks and even months. At the very least, personal injury settlement checks can take up to six weeks to release.

Some cases, such as wrongful incarceration, can even take several years to settle.

It’s because of this payment structure that most lenders shy away from such attorneys. There are too many variables in contingency fee-based cases, all of which are too risky for banks.

As such, if your firm focuses on personal injury, consider cash funding on litigation. Lenders that specialize in legal funding make decisions based on the laws itself. It won’t matter if your cases will take months to settle; what matters if it has a high likelihood of

HOW DO YOU GET PAID?

HOW DO YOU GET PAID?

success.

6. How Soon Do You Need the Funds?

The current health situation has led to numerous delays in the justice system. Many courts, including the Supreme Court, even went on a temporary closure. For guilty defendants, this is great news, but terrible for attorneys and plaintiffs.

If the backbone of the justice system itself had to close, then you can expect lenders to have been the first to do that. They continue to operate, yes, but they do so with a skeletal workforce. As a result, it can take even much longer to process business loan applications.

The thing is, most lawyers and plaintiffs cannot afford to wait for an uncertain period of time. Mortgages, rent, utilities, and basic needs won’t stop just because of the lockdown.

This is where the quick turnaround time of litigation funding firms come into play. Lawsuit Cash 911, for instance, issues non-recourse loans within 24 to 48 hours. The team will process your application right away, and if you qualify, you’ll get the funds in just one or two days.

7. How Do You Plan to Pay Back the Loan?

When comparing your law firm financing options, consider their repayment structure. As with most traditional loans, these come with monthly interest rates. With such funding programs, you’d need to repay the lender every single month.

Even a single delayed payment of these loans can already damage your credit score. If you took out a secured loan, failure to pay it back would lead to the loss of the collateral. The secured loan lender will take possession of the security as a means to recoup your unpaid loan.

This can have a devastating impact on your law firm, especially if you used essential assets. You risk losing much of what you’ve invested in your practice due to the non-payment of secured loans.

If you fail to repay a non-secured bank loan, then your entire financial future will suffer. Your credit score will drop, and you’ll have a hard time applying for other loans.

If you’d rather not risk any of your assets, then custom solo attorney loans may be better suited for you. You’d only need to pay back a non-recourse litigation funding program if you win the case. If not, the lender won’t pursue you for repayment.

8. Factor In When You Need to Repay the Lender

As mentioned above, most traditional loans require monthly payments. Specialized litigation funding, on the other hand, usually only have a one-time repayment. You’d only need to pay back the latter if and when you win the lawsuit for your client.

A LINE OF CREDIT MATTERS

A LINE OF CREDIT MATTERS

9. The Need for Continuous Access to Financial Resources

Since most lawsuits take months to years, it’s best to have access to continuous funding. A line of credit account custom-designed for your law firm is one of your best options. With this, you’d always have resources to tap for any ongoing expenses.

10. Law Cash 911 Only Need Three Basic Requirements

Law Cash 911 provides attorney practice loans and tailored loans for law firms. These litigation funding programs are non-recourse and act more as a cash advance than a loan. Meaning, you don’t have to worry about monthly repayments or paying back the debt at all if your case doesn’t win.

Law Cash 911 will not base your eligibility on credit history, cash flow, or outstanding debts. There are only three primary factors you’d need to qualify for legal funding.

First, the active lawsuits that you’re handling should have established merit. The defendant of these cases should also have a strong financial foothold. They should be capable of paying the settlements or have adequate insurance.

The third factor is the amount of damages that you and your client is suing for. The more significant this is, the higher the likelihood of legal funding qualification.

Raise Your Law Firm’s Chances of Success With the Best Law Firm Loans Now

As you can see, there are a lot of factors that traditional lenders of law firm loans take into account. If you don’t meet even just one of these, especially credit score, you’re unlikely to get a yes from them. Law Cash 911 won’t put you through the same hoops and stringent

CLICK TO APPLY FOR A LAW FIRM LOAN

CLICK TO APPLY FOR A LAW FIRM LOAN NOW

loan application process.

If you need funding for your law firm as soon as possible, we are ready to help. Apply for your attorney and law firm funding loan with us, and we can get you the funds you need in as little as 24 hours.

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Attorney and Law Firm Loans

HOW TO GET LOANS FOR ATTORNEYS & LAW FIRMS

ATTORNEY LOANS

ATTORNEY LOANS – LAW FIRM LOANS

In 2018, the United States was home to an astounding 1.33 million active, licensed attorneys. That figure signifies an increase of more than 15% from a decade ago. Thus the greater need for Loans for Attorneys

The above statistics don’t even include the bar passing-graduates of the Class of 2019 yet. This class alone constitutes of 33,954 graduates.

In any case, becoming an active, licensed lawyer means that you can now launch your own law firm. However, that would require thousands of dollars that you may not have access to at the moment.

Unless, of course, you apply and qualify for financing and loans for attorneys.

That’s right — there are several ways to finance your law firm, just like how businesses can take out loans.You can apply for Loans for Attorneys.These financial programs for lawyers, however, are not like your run-of-the-mill business loans. For starters, most of these law firm funding services are non-recourse.

Ready to learn all about opening a law firm and how attorney loans or law firm financing work? Then let’s get this guide started!

why start a law firm

WHY START A LAW FIRM?

Why Even Start a Law Firm?

In one survey, more than three-quarters of employees said that they feel “on their own” in their company. They believe that their employers don’t give them enough tools or help to grow their careers. As a result, many of them file for resignation.

Workplace politics is another main reason workers quit their jobs. It has such a massive impact, in fact, that at least one-third of employees have left a job because of it.

Besides, as you may have likely experienced, law firms have very competitive environments. The nature of the work itself is competitive — being a lawyer is all about winning a case for the client, after all.

Without proper management, excessive competitiveness can become very stressful. Over time, this can take a huge toll on one’s self-confidence. Ultimately, you may not experience the growth that you’ve always wanted as a lawyer.

These are problems that you can have direct control of if you start your very own law firm. Since you’ll be your own boss, you can create a better workplace, not just for yourself, but for your people too. As a founder of a law firm, you can get away from and get rid of tiresome office politics.

At the end of the day, however, starting a law firm gives you more professional independence. You can take on more projects that interest you and allow you to focus on the niche you want to specialize in. All these then gives you more freedom to craft your own legal brand.

Career and Job Outlook – Loans for Attorneys can Help

Over 100 million cases — that’s how many get filed each year in US state trial courts alone. Federal trial courts, on the other hand, receive an estimated 400,000 case filings every year.

In fact, at the end of the 2019 fiscal year, US attorneys handled more cases than at the start of the year. During the beginning of the year, there were only 74,843 pending cases in US district courts. This jumped to 80,365 pending cases at the end of the year.

All these stats prove that there’s an indisputable need for attorneys. As a lawyer, you’ll always be in demand.

As a founder of a law firm, however, you can make your services even more easily available. This, in turn, can heighten the demand for your specific legal expertise and skills.

The Biggest Challenge

Court Cases Cost Money

Court Cases Cost Money

Note, however, that your law firm won’t just provide you a place to practice the areas of the law you want to focus on. It’s also a business, and that means overhead expenses and continuous costs. In some cases, such as in personal injury lawsuits, you may also have to rely on contingency fees.

Operating Costs

The costs of starting and running a law firm are the biggest challenges you’ll face. There are the rental rates of commercial space, for starters. Depending on where you’ll establish your firm, you could be looking at as much as $50 per square feet of office space. Loans for Attorneys sounds appealing

Outside of your firm’s expenses are the soft and hard costs of providing legal services. Soft costs often arise from legal research, electronic data storage, and paperwork. As for hard costs, these include court filing fees and paying for copies of medical records.

Delayed Client Payments – Use Loans for Attorneys

On average, processing of legal claim settlements can take anywhere from one to six weeks. That’s the average “waiting time” for claimants or plaintiffs to receive settlement money.

If you’ll work on a contingency basis, then you’ll also wait for up to six weeks to get paid for your legal services. If their claim or lawsuit doesn’t win, however, then you won’t receive any payment. Contingency fees, after all, are a “no win, no fee” type of legal expense.

Also, having a strong case doesn’t always mean that a claim or lawsuit gets paid on time. Payments for wrongful imprisonment settlements, for instance, can take three months to years. Many other lawsuits, particularly those for personal injuries, can take even longer.

Loans for Attorneys: Funding When You Need It

Regardless of how long it’ll take for a claim or lawsuit settlement, your law firm must continue to run. Bills and expenses,

Non Recourse Loans

Non Recourse Loans

however, won’t wait to get paid. Worse, not having access to a stream of funds can result in key pieces of evidence getting delayed.

In such cases, it’s best to consider law firm funding, which can take the form of cash advances and lines of credit.

Cash Advances

Get earlier access to funds from settled cases or finalized verdicts with a cash advance. With this type of litigation funding, you don’t have to wait for weeks, months, or years to get paid. So long as there’s a guaranteed settlement on the case, you can tap its funds even before you receive the check.

The exact amount that you can get in advance depends on your expected payment though. This payment refers to the agreed-upon fees that your client will pay you if you, as the lawyer, win the case. From there, the lender will make computations on your anticipated lawyer fees.

Once granted, you can expect the cash advance within 24 to 48 hours.

Line of Credit

A line of credit (LOC) is another way to get cash funding on litigation handled by your law firm. It works in a similar manner as a credit card in that you can borrow up to its preset limit, any time you need to.

The LOC limit will depend on your agreement with the lender, although it often depends on won cases. You can, for instance, have the limit based on the expected payments of settled cases or verdicts. You can also have the lender provide you a customized LOC program tailored to your law firm’s needs.

Either way, every repayment you make toward the LOC will “refresh” your limit. So, if you pay $1,000 on your LOC account, you can use that amount once again when the need arises.

Working Capital Loans

Did you know that as many as 69% of business owners tap their personal funds for the sake of their business? Such is the case whenever their business encounters financial issues.

For many who don’t have stowed funds, loans are the second most common option. This, in fact, is a usual occurrence, seeing that only about seven in 10 working adults in the US have some savings.

That said, working capital loans can be your law firm’s saving grace if you don’t have savings. Besides, you most likely don’t want (nor is it recommended) to use your own personal funds. Even if it’s your law firm, you need to separate business expenses from your personal life.

You can use working capital loans to fund your law firm’s daily expenses. You can use the money for operational costs, such as paying witness fees or court filing fees. You can even tap it to cover payroll and even your law firm office’s rental payments.

Why Litigation Funding and Not Traditional Loans

Grow Your Business

Grow Your Business

With litigation funding, you can take out non-recourse loans or advances. This means that your repayment to the lender will depend on the outcome of your case. If you don’t win the case for your client, then you also won’t owe the lender anything.

Non-recourse lawyer cash advance programs also don’t have specific repayment deadlines. Again, it’s because you have to repay the lender only when your client receives the settlement. As such, you don’t have to worry about compounding interest rates on your attorney loans.

These are benefits that you can’t expect from a traditional financial institution. There are very few banks — if there’s even any at all — that provide non-recourse attorney loans. In addition, almost all conventional loans depend on a borrower’s credit score.

Get the Funds You Need to Grow Your Law Firm Now

There you have it, your ultimate guide on litigation funding and loans for attorneys. Now that you know you your law firm has many financing options, it’s time to explore each one of them. The sooner you do, the sooner you can grow your law firm and make a mark in the legal industry.

If you’re looking for reliable law firm financing programs, we here at Lawsuit Cash 911 are ready to help. Please feel free to check out our numerous innovative funding options for lawyers! Don’t hesitate to give us a call too, if you need help applying for law firm funding.

CLICK TO APPLY FOR A SETTLEMENT LOAN NOW

CLICK TO APPLY FOR FINANCING  NOW

 

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CAR ACCIDENT LAWSUIT LOANS

AUTO ACCIDENT LOANS CAN HELP IN TIMES OF DISTRES

More than three million people are injured in an auto accident in just a single year.

INJURED IN AN AUTO ACCIDENT

INJURED IN AN AUTO ACCIDENT?

In reality nothing can make up for the emotional pain and suffering of sustaining an injury from a car accident, The good news is the funds from a car accident settlement can help to offset the financial burden..

However, even though you know you’re likely to be awarded a hefty settlement in the future, it doesn’t do much to help you pay your ever-growing bills right now.

Whether you need to pay for medical bills, car repairs, or even personal expenses that have piled up because you’ve been unable to work, you may be able to access the money from your pending car accident settlement immediately.

Want to learn more about car settlement loans/lawsuit advances so you can get access to the money when you need it the most? After all, you have no idea how long it’ll take for your case to be completed, and you can’t afford to wait months — let alone years.

Read on to learn everything you need to know about pre-settlement funding.

The Basics of Car Accident Pre-Settlement Loans

BASICS OF LAWSUIT LOANS

BASICS OF LAWSUIT LOANS

First, let’s make sure you understand the basic definition of pre-settlement funding.

In short, it allows you to borrow/get early access to the money that you’ll be awarded in the future when you’ve reached a settlement in your car accident case. You may also have heard them referred to as lawsuit cash advances or litigation funding.

The best part?

It doesn’t matter how large or small you expect your auto accident settlement to be — in most cases, you’ll still be able to borrow a proportionate amount of  money. Additionally, it often doesn’t matter how severe the injuries you sustained in your car accident actually are. Even with minor injuries, you may still be able to access some of your upcoming settlement funds early.

Essentially, you promise to pay your lender back for the money you borrowed once your settlement begins paying out. This means you can avoid having to make monthly payments because your loan is only repaid once you’ve reached your settlement.

You should look for a pre-settlement loan provider that only requires you to pay back your money in the event you do win your lawsuit/settle out of court. This preferred sort of Cash Advance is called a Non-recourse loan.

Now, let’s take a look at the top benefits of car accident settlement funding

Why You Should Borrow From Your Future Car Accident Settlement

WHY GET A LAWSUIT LOAN

WHY GET A LAWSUIT LOAN

Of course,auto accident  pre-settlement funding allows you to pay for care and necessities while you recover and seek treatment for injuries you sustained in your car accident.

In fact, in some cases, you may even be able to get access to your money in 24 hours or less.

But there are numerous other benefits as well.

First of all, you’ll be able to stop spending your time arguing with your insurance companies that consistently try to low-ball you and settle your case for pennies on the dollar.

Plus, when you have access to some of the money from your upcoming settlement, you’ll be able to hold out for a much larger payout from your insurance company.

Additionally, in many cases, pre-settlement loans are much easier to access than loans from your bank. What’s more, you can use the money from a car accident settlement loan in any way you’d like — which isn’t always the case with traditional bank loans.

This means you can pay for your :hard cost” legal fees, medical bills, credit card bills, rent or mortgage, or even pay for a vacation to help ease your stress.

Finally, know that lenders don’t base their decision about whether or not to give you the loan on things like your current credit score, your income level, or the amount of debt you currently have. Instead, they look solely at the validity of your case.

APPLYING FOR A LAWSUIT LOAN

APPLYING FOR A LAWSUIT LOAN

This is wonderful news for those with bad credit scores or high amounts of debt.

Applying for a Auto Accident Settlement Advance

In order to be eligible for settlement loans, you’ll need to meet a few basic requirements.

First of all, you need to have an active court case — but don’t worry, you can apply for the loan at any point while the case is still active.

Additionally, you won’t be able to represent yourself in court if you plan to apply for a settlement loan. Getting the right legal representation is a smart move anyway, as it can prevent you from making mistakes that jeopardize your case and will likely win you a larger settlement.

Remember that the other party must be held liable for the accident. After all, if you caused the accident, you won’t be getting any kind of a settlement.

Above all, you need to ensure that you’ve done your research when it comes to your lender. Make sure you read online reviews, ensure they can fund lawsuits in your state, and that you know what to look out for.

Any company that guarantees approval or claims you don’t need to have an active lawsuit or an attorney to qualify isn’t a legitimate one.

Want to be certain you’re working with a settlement lending company you can trust?

GET PRE SETTLEMENT MONEY

GET PRE SETTLEMENT MONEY

Are You Ready to Apply for Pre-Settlement Funding?

The bottom line is – You don’t have to wait around to get access to money from a pending auto accident settlement.

Instead, by applying for pre-settlement funding, you may be able to get the money you need to pay medical bills and other expenses in as little as 24 hours.

Are you ready to start the application process and learn more about what to expect from pre-settlement funding?

APPLY FOR A LAWSUIT LOAN NOW

APPLY FOR A LAWSUIT LOAN NOW

If so, then we’re ready to work with you.

All you need to do is begin the process. Financial relief in the middle of an auto accident lawsuit is possible. Let us help you to get it.

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Lawsuit Cash Advances

How to Get a Lawsuit Loan:

Lawsuit Loans

GET A LAWSUIT CASH ADVANCE

Lawsuit Cash Advances

If you have been in an accident where you were injured, you fully understand all the difficulties that follow. You need to fix or replace your car. Dealing with insurance and probably lawyers is all part of the deal.

You also need to recover from your injuries and that doesn’t always happen overnight. You might be unable to work or even perform your daily responsibilities while you hobble through recovery.

Perhaps you are now part of a lawsuit to get compensation because you were not the cause of your accident. You might be waiting patiently, or not so patiently, for your lawsuit settlement, so you can pay your unpaid bills that accumulated while you were out of work.

Lawsuit Cash Advances

LAWSUIT CASH ADVANCES CAN HELP

Have you considered a lawsuit cash advance to help out as you wait for your case to be settled? Read on to learn everything you need to know about lawsuit loans.

What is a Lawsuit Cash Advance?

A lawsuit cash advance is what the name implies. You are part of a lawsuit because of an injury you sustained in an accident. There is a pending lawsuit where you hope and expect to be compensated for your injuries sustained as a result of the accident. The lawsuit cash advance acts as a loan for the money you anticipate getting once the lawsuit is settled.

The cash advances go by many different names depending on the lender. They include:

Whatever name is used, the idea remains the same. You get money in advance of your settlement to help with expenses while you wait for the case to come to completion.

Advantages and Disadvantages of a Cash Advance Loan

Litigation Finance

LITIGATION FINANCE?

A cash advance loan can be very helpful to cover bills and obligations if you are out of work from an injury. But there are some things to consider before you decide to go through with getting one.

Of course, the biggest advantage is that you get the necessary cash to survive. This can mean you can pay your bills and cover all those medicals expenses that may be pouring in because of your injury.

It also means you have some breathing room as your lawyers work through your case. You can hold out and get a better settlement result for your case because you are less desperate for money. (bad news for the insurance company)

The disadvantages are the cost of the loan. Like any loan, there is interest to pay. In some instances, certain cases will not qualify for a loan.

Types of Cases Funded By Cash Advance Loans

Loans on Pending Lawsuits

LOANS ON PENDING LAWSUITS

Different lenders have different criteria. So often a person looking for a lawsuit cash advance will want to shop around at their options. Here are some of the cases commonly eligible for a lawsuit loan:

As you decide whether a cash advance loan is right for you, you can also research lenders (How to find the Best Lawsuit Loan Companies) the cases they are willing to write loans for.

How Do Cash Advance Loans Work

When you decide you want to get an advance of the expected settlement from your case, you need to do your homework. Like getting an auto loan or a mortgage, not all loans (or companies) are created equal.

Do your due diligence and shop around for the best loan terms. Read the fine print. Understand how the interest will be accrued.

Ask if you are expected to make payments while your case is still in litigation, (you have chosen the wrong company)  It’s important to understand how is the loan repaid once you have a settlement. A bona fide lawsuit funding company waits for the litigation to end before repayment.

What Do You Need To Qualify for a Lawsuit Cash Advance Loan?

Lawsuit Lending

GETTING APPROVED FOR A LAWSUIT LOAN

While the steps vary from lender to lender, there are some basic steps you need to follow when applying for a lawsuit cash advance loan. These include:

  • Need a court case already in progress
  • Already have a retained lawyer (on a contingency basis) for your case
  • Liability should show the other party was at fault
  • You need the money for bills and expenses

In nearly all lawsuit loans, you must also agree to pay the loan back in full once you get a settlement from the case.

How is the Loan Repaid?

Once you reach a settlement, beyond a sigh of relief, you must then pay back the loan. How does that work?

The courts will issue the judgment for the settlement to paid and usually who it should be paid to.

Legal fees and any court fees are paid out from the settlement. Then any unpaid medical expenses are paid, usually as part of the settlement. If there are liens because of the lawsuits, those will also be paid.

Then the lawsuit cash advance is paid back. Once all those financial obligations are met, the remaining settlement is paid to the injured party.

What Happens if You Lose?

Like the other conditions, this varies from lender to lender. But most lawsuit loans are set up that if you lose your case, you do not have to pay back the loan.

This should tell you that the lawsuit lender will want to have a certain amount of certainty about your case. They will study the facts of the case closely. They will want to look at the record of your attorney, to see how often they win or lose in court.

This might also mean you to find a loan against your settlement, you might need to apply to several lenders before finding one willing to give you the advance.

lawsuit advances

I JUST GOT A LAWSUIT ADVANCE

Get a Lawsuit Cash Advance Today

Living through an accident or injury is bad enough. Facing the recovery, disruption to your life and the associated bills can be downright overwhelming.

Lawsuit cash advance loans are a way to get through those trying times with less worry.

If you or someone you love is involved in litigation for injuries, we can help. Contact us today to learn about our loan services. Let us help you through this difficult process.

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