What is a Loan on a Personal Injury Claims?
Filing a lawsuit can be expensive and very time-consuming. If your injuries have caused you to lose income or and/or incur unexpected expenses such as medical bills, your financial situation may get much worse before you settle your case or win an award or judgment.
If you are experiencing financial hardship while going through the litigation process and have been searching for assistance, you may have heard about our personal injury loans program for people who have been hurt through no fault of their own.
A personal injury loan is a non-recourse (no-win, no-pay) settlement cash advance for injured accident victims and personal injury lawsuit plaintiffs in the U.S.
Every year, as more people become familiar with our financial products, more and more seriously injured accident victims turn to personal injury settlement loans to help alleviate stress while waiting for the lawsuit to settle.
Advantages of Personal Injury Lawsuit Loans
Although a loan on a personal injury settlement is a great financial option for plaintiffs and attorney, personal injury loan are not designed for every case and every situation. Let's discuss if a loan on your personal injury case is right for you.
When faced with mounting bills and reduced income, many injured accident victims want to borrow cash against the proceeds they expect to receive from a lawsuit settlement. Lawsuit funding on personal injury cases, also called settlement cash advances, and lawsuit loans, allows for plaintiffs to borrow a portion of their expected future settlement now.
Lawsuit loans can provide much needed breathing space if you are unable to cover living expenses, mortgage payments, car loan payments, and medical bills during your lawsuit.
There is no credit check, no out-of-pocket expenses, and no monthly payments, ever. You are obligated to pay back the cash advance if and when you win or settle your injury claim.
There are four basis elements to qualifying for a personal injury settlement loans:
- You must not be responsible for the accident or resulting injury.
- You must be represented by an attorney.
- You must have sustained a serious injury or injuries directly related to the case.
- The defendant or responsible party must have valid insurance or be a self insurance major corporation.
How Settlement Loans Benefit Accident Victims
Taking out a settlement loan can help you settle your case for a higher amount. A settlement loan helps relieve financial stress, so you and your lawyer will be able to take more time to negotiate a better settlement with the insurance company.
A settlement loan on your personal injury case can also help you to win a larger lawsuit settlement. When you have no financial pressure to settle early because of mounting bills, your attorney can take all the time needed to prepare for trial. If the defendant is not offering a fair settlement, our personal injury settlement loan may give you the financial means to take your case to trial.
If you were seriously injured and have retained a personal injury attorney to represented you in an injury claim or lawsuit and you need cash today, call our funding department now to put in an application for a risk-free settlement cash advance. It's fast and easy! Call now, 1-888-715-8701