How One Can Be Helped By Pre-Settlement Funding to Take Care of The Bills After An Injury Under Lawsuit Funding
With over $200 billion in lawsuits estimated to be registered each year, and a court system and lawful process that can sometimes take months or years to repay, pre-settlement lawsuit cash advances are an option that can help you pay your debts, pay medical expenses or make repairs which are not covered by your own insurance. Non-Recourse lawsuit loans do not require credit checks, employment verification or any kind of collateral and generally could be accepted within 48-72 hours.
Almost all instances where there is “general uncertainty” which may lead to a monetary reward to you (the plaintiff) qualify for “advance funding”. These include all kinds of personal injury, automobile accidents, slip and fall, medical malpractice, sexual discrimination and harassment, employees compensation (in most States), pharmaceutical cases, class actions, securities fraud and instances involving all insurance companies and many corporations. Lawsuit Funding can supply you money within 48-72 hours following your application.
The funding process is a zero risk proposition. The plaintiff does not need to pay off the loan before the situation is settled. As it’s a “non-recourse loan”, if the situation does not settle you do not need to pay off the loan. Therefore, there are not any monthly payments to make and you do not need to offer an ideal credit report or income verification. The lawsuit cash advance does not require court or attorney approval and you’re able to ask as small as $1,000 and sums exceeding $100,000 based upon your own circumstance. The lawsuit funding procedure is really easy.
A Simple Plan: Loans
1. Complete an online form with essential contact info for you and your lawyer and the quantity you’re trying to find. A funding representative will call immediately to get some more specific info about your case and begin the official application process.
Getting Creative With Loans Advice
2. With your approval they’ll ask official documentation on your situation from the lawyer to forward for their underwriters. Once received by the underwriters they’ll quickly determine your funding amount.
3. Contracts will be drawn up between you, your attorney, and the underwriters between the payment terms of the money advance. Once implemented, funds will be sent directly to you within 24-48 hours.
Lawsuit cash advances provide another service for each and every plaintiff. For Some it’s the ability to stay patient until their case achieves maximum Value, for others it is a bridge for critical expenses just to keep their Monthly expenditures, and for others still it offers an opportunity to get Something now for a situation that could finally wind up getting no reimbursement whatsoever. Whatever the usage may be, the final decision lies with the Customer, and in almost any business that is a positive.