Have you recently filed a lawsuit but need money to pay expenses before you can get your hands on the settlement or jury award?
A lawsuit loan may be the answer you’re looking for, and they are available from many reputable companies online.
A lawsuit loan is essentially just that — a cash advance is given to litigants in exchange for their legal rights to recover further damages in the future if they win their case.
They’re quick and easy to apply for and can provide immediate relief when you need it most.
To learn more about how lawsuit loans can help your case, read on below!
What is a lawsuit loan?
A lawsuit loan, or pre-settlement funding, is a cash advance you can use to cover expenses while waiting for your case to settle.
These loans aren’t subject to approval by a bank; instead, they’re often guaranteed by a lawsuit-funding company.
If you win your case, then you may be required to repay some or all of these costs with your settlement or judgment award.
A downside of lawsuit loans is that they come with high-interest rates and hefty fees.
They are not easy to get—and even if your case is likely to settle quickly, there’s no guarantee that you will qualify for one of these loans.
So before settling on one of these types of financing options (or any type), weigh its pros and cons carefully.
What if I win my case?
The reality is that no matter how good your case is, you will still have to pay for your legal fees.
A good attorney should be able to estimate those costs upfront and give you a quote before you sign on with them.
If not, move on. However, once you win your case, keep in mind that it could take time before you actually get any money out of it.
That’s because there are several parties involved in these types of lawsuits who may get their share of your award before you do—and it could take a long time for everyone involved to reach an agreement on how much they’ll get paid and when they’ll get paid.
What if I lose my case?
All too often, people enter a lawsuit believing they will be able to pay back any loans they take out.
However, what happens if you lose your case? In many situations, you could end up being responsible for paying off both your loan and any fees associated with it.
The short answer: Don’t borrow more than you can afford to pay back if you lose your case!
If you do get a lawsuit loan, keep in mind that our lenders offer multiple options so don’t rush into a decision before comparing our rates and benefits side-by-side.
Contact us for free today!
Why choose 123 Lawsuit Loan company?
123 Lawsuit Loan company is dedicated to winning lawsuits and getting plaintiffs their money.
123 Lawsuit Loan company believes in fighting for people who have been injured or violated in some way, especially by large corporations.
That’s why they offer financial support and resources to help plaintiffs win their cases, as well as a personal relationship with an experienced team of professionals, all at no cost to you!
If you’re looking for litigation funding that offers great service and an exceptional experience, 123 Lawsuit Loan company is your solution.
Is there another way to get the money I need?
The truth is, you probably do have another way to get your hands on money.
Some of us borrow from family members or friends when we need some extra cash, and others go out and take a part-time job to make ends meet.
However, if you don’t have someone to loan you money and can’t afford to work another job, there is a third option: lawsuit loans.
While it may seem like borrowing from a lawsuit lender is just one step away from selling your body for rent money (paging Monty Burns!), lawsuit loans are not at all as shady as they sound.
Plaintiff personal injury law firms are known to offer their clients lawsuit loans to help pay their legal fees and related expenses while they await the outcome of their case.
This can be a lifesaver, especially if your injury prevents you from returning to work right away, as the money that would have been used to pay household bills can instead be used to fund medical care and other treatment options.
A lawsuit loan can be a financial lifeline in the midst of an intense legal battle.
A lawsuit loan (also called pre-settlement funding) enables you to pay for living expenses, medical costs, and other expenses related to your legal case without having to dip into your own assets or assets you could have access to if your case goes to trial.
Some people are hesitant about taking out a lawsuit loan, but it’s important to remember that these loans are interest-free and do not require repayment until after you win your case and settle with the defendant.