Settlement Loans Help Pay Day-to-Day Expenses While Awaiting Your Settlement

Settlement loans are a great solution for those who need help paying ordinary expenses while waiting for their lawsuit to settle.  You may be unable to work due to your injuries, or attending court is taking a chunk out of your income.  You still have to pay the bills no matter what is going on in your personal life.  Litigation funding companies help you pay your bills and live comfortably while awaiting settlement, which often takes months in personal injury claims.

It’s likely that your injuries required you to seek medical attention, and now you have medical bills to pay on top of your other monthly obligations.  Settlement loans allow you to get your money in one lump sum if you qualify, so that you can take care of your bills and avoid facing bankruptcy.  Litigation funding companies offer a cash advance against the money you expect to win in your lawsuit, and there are no monthly payments to add to your financial burden.  You simply repay the “loan” when you win your settlement.  In the event that you do not win for any reason, you do not repay the money to the settlement funding company.

Depending upon how much you expect to win, settlement loans may be given in amounts that range anywhere between $500 to $250,000 or more.  It only takes 24 hours to get your money when you do qualify, so you will have immediate access to your funds.  There are no up-front costs or out of pocket expenses to worry about.  Your lawyer simply submits the required application; the litigation financing company will then review it the same day.  If you qualify, you can expect to get your money the next day in most cases.

There are no credit checks; the litigation funding company bases their decision solely upon the details surrounding your lawsuit.  Conventional banks will not loan money against pending lawsuit settlements, therefore you have very few options.  Settlement loans help you remain involved in your lawsuit so that you can win all that you are entitled to instead of settling for less than you deserve from insurance companies.

If litigation financing sounds like a suitable solution to your problem, talk to your attorney about it today.  You will want to shop around for the best interest rates when considering settlement loans; learn more online or fill out our contact form for further information.

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