A pre lawsuit loan is not a standard type of advance or loan. Pre lawsuit loans are cash advances made to a plaintiff against an uncertain outcome. If a person is involved in a lawsuit that was recently filed or going through the litigation stages, they can borrow against the future or expected award from the case. Because there is never a guarantee of a settlement or positive verdict to the plaintiff, this type of funding is offered on a contingent basis.
Very similar to how an attorney may charge for his or her service, pre lawsuit loans are handled the same way. When an attorney is hired on a contingency fee basis, they are taking the case with the notion if the claimant isn’t successful in winning compensation, they won’t be compensated at the end of the case. Pre lawsuit loans are handled the same way; if a person borrows against their suit and the defense prevails, the lender loses the investment.
Pre lawsuit loans provide the borrower money before a settlement. There are many reasons why a person may consider a pre lawsuit loan. An individual may need cash to pay for their medical bills or living expenses. We have some clients that borrow against their suit because they are afraid they may lose their case and get nothing. If a person’s claim is large enough they may use the money to put a down payment on a house, or the purchase of a vacation home. While some people believe pre lawsuit loans are used for litigation costs such as legal fees or litigation costs, it’s quite the contrary.
The most common types of pre lawsuit loans are against personal injury cases. These are the cases which a person was injured in an accident and filing a lawsuit against the other person’s insurance company. These accidents may include car accidents, slip and falls and wrongful death suits. Whatever the case may be, if you’ve been involved in an accident resulting in another person’s negligence, you may qualify for a pre lawsuit loan.
If you are considering a lawsuit loan against your case, begin by applying online today.
We provide pre lawsuit loans throughout the United States: Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia D.C.
