A lawsuit loan can be very helpful to personal injury victims as they wait for a case settlement. The lawsuit loan funding can be a key element to success as victims try to survive with the weight of financial pressures during this long legal process.
What is personal injury?
A personal injury case is a legal term used for lawsuit due to an injury to the body, mind or emotions. This type of injury is limited to the body and does not include property. The term is typically used to refer to a tort lawsuit where an injury to a person is caused by negligence.
The most common types of personal injury claims are road traffic accidents, accidents at work, tripping accidents, assault claims, accidents in the home, product defect accidents (product liability) and holiday accidents. The term personal injury also includes medical and dental accidents.
If the negligence of another party can be proved, the injured party may be entitled to monetary compensation from that party. In the United States, this system is complex. Attorneys often represent clients on a “contingency basis,” in which the attorney’s fee is a percentage of the plaintiff’s eventual compensation, payable when the case is resolved.
Lawsuit Loan Funding
Filing and waiting for a case settlement can take a long time. During this time plaintiffs can feel financial and emotional stress. This is why many people work with their lawyer to secure lawsuit loan funding.
Lawsuit loan funding is an upfront advance of funds from a pending lawsuit. The amount advanced is usually an amount that is less than the expected amount from a pending lawsuit. Lawsuit loans are very different than typical bank loans as they do not require a credit check, an income amount, or a statement of employment history
A lawsuit loan is based on your pending lawsuit. If your lawsuit does not come out in your favor, the loan does not have to be repaid. So, in order to qualify for a lawsuit settlement loan your case should be strong and winnable.
The application process to obtain a case loan is quick and easy.
Alliance Claim Funding. LLC is a reputable lawsuit loan company. Alliance Claim Funding, LLC advances funds to plaintiffs pursuing damage claims; in return, securing a portion of the proceeds that may flow from successful case settlements.
If the case does not settle prior to trial or loses the trial – the advance is forgiven! You owe Alliance Claim Funding nothing!