In many cases, plaintiffs are unaware of lawsuit loans. Even after filing their case many have no knowledge there is financial assistance available to them. This type of funding goes by many names but he most common name is “lawsuit loan”. It’s a type of financial assistance that can be a monetary lifeline for plaintiffs who are struggling to get by with little money.
If you are a plaintiff who is in need of financial assistance, a lawsuit loan is very likely something you should look into. Plaintiff’s cases can proceed much more smoothly when financial burdens are removed and reduced.
If you are a plaintiff who is considering financial assistance you might ask yourself if you are eligible for a lawsuit loan. If you have a strong case, the odds are you will qualify for a lawsuit loan. The case may be a personal injury, medical malpractice, wrongful termination, premises liability, slip and fall, or even a commercial liability claim. Just to name a few.
If you are considering a lawsuit loan, you must have an attorney representing you. If you need funding quickly it is important for the lawsuit loan company to work with your attorney to review and submit legal documents as quickly as possible. Any delay will likely delay the funding you so desperately need. Once the lawsuit loan company has the necessary documentation and reviews the case, approval can be made quickly. Once approved financial assistance can be in a plaintiff’s hands within a couple days.
While lawsuit loans sound like they are typical loans, similar to bank loans, they are not. In fact, lawsuit loans are very different indeed. Lawsuit loans do not require a credit check, employment history, or even monthly payments. Approval for a lawsuit loan is based solely on the strength of the case. In fact, there is no payment due until the case settles. At the time of settlement, you only pay back the funds if your case wins in court. So if your case happens to lose, no funds need to be repaid.
Financial assistance in the form of a lawsuit loan not only helps you ease financial pressures but also helps you stay strong personally. In fact, such funding is known to help keep cases alive in court, that otherwise might be settled early due to personal pressures.