Lawsuit Funding – The Way Pre-Settlement Funding Can Help Pay Your Bills Following an Injury
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 don’t require credit checks, employment verification or any kind of collateral and usually can be approved within 48-72 hours.
Almost all cases where there is “general uncertainty” that can lead to a financial 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 procedure is a zero risk proposal. The plaintiff does not need to pay off the loan before the situation is settled. Because it’s a “non-recourse loan”, if the case does not settle you don’t need to repay 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.
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1. Complete an online form with essential contact information for you and your lawyer and the amount you are trying to find. A financing representative will call immediately to find some more specific info regarding your case and start the official application procedure.
The Ultimate Guide to Funds
2. With your approval they’ll 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 lawyer, and the underwriters between the payment conditions of the money advance. Once implemented, funds will be sent straight to you in 24-48 hours.
Lawsuit cash advances supply another service for each and each 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 use may be, the final choice lies with the Consumer, and in any business that simply is a positive.