If you have been injured in an accident and the accident may be causing financial hardship to you and your family, lawsuit funding is an option to consider. When someone files a personal injury case with an attorney it can take years before the settlement is finalized. For some people this can be devastating. There are many things to consider such as car repairs (car accidents), medical expenses, loss of wages, ongoing medical expenses, rent and mortgage expenses, and out of pocket expenses.
Most families throughout America are living paycheck to paycheck and if the breadwinner of the family is injured and unable to work, it could mean devastation to the family. There are always options of borrowing money and without a good credit line, this may not be an option for you.
However, lawsuit funding could be your only option. When someone is hurt in an accident and an attorney has been hired, the plaintiff or the injured party can seek help from lawsuit funding lenders. This is generally called pre-settlement cash advance. There are many companies that offer pre-settlement cash advances to those whom have been injured and filing suit against an insurance company or other entity.
There are many options available as pre-settlement funding is becoming much more popular amongst lending companies. But which company will make sense for you. There are some companies that will charge higher payouts, with higher interest rates while some give lower payouts with less interest. There are also some companies that offer non-recourse funding. Non-Recourse funding means that you only have to pay the lender back if your lawyer is successful in winning the claim.
Other things to consider when looking for when searching for a pre- settlement loan:
- How much money do I need?
- What are the rates?
- How much will be approved?
- What are the payment schedules?
- Do I have to pay a fee for submitting my case?
- Are there hidden processing fees I should know about?
- How can I find the right funding company for my case?
- How do I evaluate a lender?
The facts are most people are unfamiliar with lawsuit lenders because no one ever thinks they will be in a position to seek lawsuit funding. If you or a love one has been injured and you need upfront cash to help pay for bills, you can get help from a company that works directly with these lenders.
LawLeaf is an online lawsuit funding service that works with plaintiffs to acquire non-recourse funding. LawLeaf will evaluate your case at no cost and forward your information to the right lending sources. The best part about this service is that these lenders will compete for your business.
This gives you the leverage to accept a loan on the terms and agreements that best meet your financial needs. You will have the ability to compare rates, payment schedules and payouts. LawLeaf also provides cash advances for structured settlements, attorney loans and commercial litigation cases. If you want more options to choose from so you can shop the rates and payouts that best suit you visit LawLeaf today. You can begin by filling out our plaintiff lawsuit funding application.