Pennsylvania Lawsuit loans for car accident cases have been growing in popularity in recent years. They are often chosen by plaintiffs to extend their lawsuits so a higher settlement might be awarded. The popularity is thought to be due to the economic downturn and related job losses making lawsuit loans a more viable choice for people who are struggling to keep their lawsuits alive. Many need help paying bills and to keep up with mounting legal bills, in the months and sometimes years they wait for a lawsuit settlement.
A Way to Keep Your Case Alive!
At one time lawsuit loans were used for very large class action lawsuits and large personal injury cases. However, today attorneys are advising their individual clients to look into this option to help keep their cases alive. Many plaintiffs are dealing with the deep pockets of insurance companies and corporations who try to extend the lawsuit and drag it out as part of their strategy. Their hope is that plaintiffs will run out of money and bow out due to the large financial burden they are carrying while waiting for a settlement or verdict. They try their best to hold up a verdict in many cases in hopes of a low settlement.
Never Be Forced to Take A Low Ball Settlement
Most legal advisors counsel their clients to never take a low settlement without a full understanding of the financial consequences of such a low award. But, in many cases plaintiffs are so stressed and mentally tortured by the financial situation they are in, they have no choice but to either drop the case or take a low settlement.
When a lawsuit loan company steps in and provides funding for a lawsuit the money is not provided as a loan. Lawsuit loans are a financial arrangement made between the lender and the plaintiff. A lawsuit loan is defined as funding borrowed and will be paid back in full when the lawsuit is settled, or a verdict is reached.
No Credit Checks!
Lawsuit loan funding is non-recourse, which means the money is advanced and only needs to be paid back if the lawsuit reaches and positive conclusion. If the event the plaintiff loses, the money is not required to be paid back.
Unlike typical bank loans, lawsuit loans are not paid back monthly. They are only paid back when there is a final settlement reached, or a verdict in the case. And there are no credit checks, employment history, or collateral required for approval. Funding is based solely on the strength of the case.
Call For Funding Today!
Once you’ve hired an attorney and filed your case, it’s time to consider your budget and how to handle paying bills during the duration of the lawsuit — until a final settlement is reached.
In most cases, you will have cash within 48hrs. Alliance Claim Funding is a reputable company providing lawsuit loans for car accidents. 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 lawsuit loan is forgiven! You owe Alliance Claim Funding nothing!
To learn how a lawsuit loan can help get you emergency cash for your car accident personal injury lawsuit – and help you get the money you need now, and apply for great rates on your personal injury claim, give us a call, toll free, at 888-732-3389 or complete the contact form on the left. If you’re ready to get started, you can complete the application form.