Do you either know anyone who has or have you recently been injured and planning on filing a lawsuit? Have you sustained injuries and find yourself in need of lawsuit funding? If so, you would be encouraged to consider what millions have considered. Many have found tremendous financial relief with lawsuit loans and settlement loans. What kept you back from trying it yourself? Some dream of it, few go further. Few get serious and begin doing it. Most find some excuse or reason to shelve the idea and go no further. One can find excuses like, it is too complicated or I really don’t have time… summons and complaint
Were those merely excuses or were they logical reasons? Had they gotten deeply enough into the idea to really recognize what was involved? Did they really know what they might be missing?
Let’s have a closer look. Listed here are 5 reasons why it is advisable to consider lawsuit loans and settlement loans to assist you with your lawsuit. Check them off as we look through them:
1st, you are able to get assistance in filing and submitting your request. Although there are some companies that will charge a “broker” fee, the vast majority of reputable lawsuit funding companies do not do this. Obtaining the assistance of a broker can prove to be extremely valuable to you and substantially reducing the time that it takes to both process your claim and obtain the maximum amount of funding possible. Sure, I am aware of your concern that you’ve heard that there are very high interest rates charged for litigation funding. If this were true, it would be a valid concern. However, there are no interest rates charged with either lawsuit loans or settlement loans. Why? Because they are not actually loans. They are referred to as “non-recourse.” This simply means that if you do receive funding, you only repay if you win your lawsuit. What is more, consider that in many instances,lawsuit funding allows you to maintain your lawsuit without having to abandon the case due to financial restrictions.
2nd, due to the non-recourse nature of litigation funding there is nothing to repay if you lose your case. Additionally, there are no interest rates. Any fees that are charged are referred to as “risk-fees.” The greater the risk involved in the claim, the higher the fee charged for the money advanced. The main reason for that is if lawsuit loans and settlement loans bore interest rates, you would be required to repay them, irrespective of the outcome of your lawsuit.. Furthermore, the lawsuit funding companies are not classified as lending institutions and do not have to face many of the restrictions that would keep individuals from being able to obtain the financial assistance they need throughout the course of litigation.
3rd, many types of cases qualify. Therefore, you are not merely limited to a certain classification of claim to be able to obtain either a lawsuit loan or a settlement loan. Additionally, you will be submitting your request for funding to individuals who have a great deal of experience in handling cases that are similar to the one that you’re presenting!
4th, you will be able to continue paying your bills and not have to suffer late-fees or delinquent-charges due to the fact that you don’t have the finances to make timely-payments on your bills.