Lawsuit Funding – The Way Pre-Settlement Funding Can Help Pay Your Bills Following an Injury
With over $200 billion in suits estimated to be registered each year, and also a Court System and lawful procedure which could sometimes take weeks or years to repay, pre-settlement lawsuit cash advances are a choice that could enable you to 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 usually can 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, car accidents, slip and fall, medical malpractice, sexual discrimination and harassment, employees compensation (in most States), pharmaceutical cases, class actions, securities fraud and cases involving all insurance firms and many corporations. Lawsuit Funding can supply you money within 48-72 hours following your application.
The Funding procedure is a zero risk proposal. The plaintiff does not need to pay off the loan before the situation is settled. As it’s a “non-recourse loan”, if the case does not settle you don’t need to pay off the loan. Therefore, there aren’t any monthly payments to make and you do not need to provide a perfect credit report or income verification. The lawsuit cash advance doesn’t require court or attorney approval and you’re able to request as little as $1,000 and sums exceeding $100,000 depending upon your own circumstance. The lawsuit funding process is really easy.
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1. Complete an online form with essential contact info for you and your lawyer and the amount you are trying to find. A financing representative will call immediately to get some more specific information about your case and start the official application procedure.
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2. With your approval they will ask official documentation on your case from your 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 capacity to stay patient until their situation achieves maximum Worth, for others it is a bridge for vital expenses just to keep their Monthly expenses, and for others it offers an opportunity to get Something now for a situation that could finally end up getting no compensation whatsoever. Whatever the usage may be, the ultimate choice lies with the Consumer, and in any industry that is a positive.