Lawsuit loan companies market mainly to plaintiffs in personal injury suits, like traffic accidents, slip cash loan financial statements fall cases and medical malpractice. Some lenders also lend money to heirs waiting for settlement of a deceased persons estate or to plaintiffs in employment or civil rights discrimination suits.
For someone facing high medical bills or the loss of income after an accident, the thought of getting money from a lawsuit right away can be enticing. But, is it in your best interest to borrow against a future settlement or judgment. How Lawsuit Lending Works. Lawsuit funding is a relatively new product offered to plaintiffs who expect to settle or win a judgment in a lawsuit.
Here's how it works. After you file a personal injury lawsuit, you apply for the loan with a lawsuit funding company. The company evaluates your case to determine how much you can expect to get if you win or negotiate a settlement (the vast majority of personal injury cases are settled before trial). The lender offers you a sum of money immediately.
Weve also integrated your new GDPR data access rights so that you can enjoy even more transparency in your borrowing experience. We hope you will trust us with your next loan. Written by: Kelly R Last modified: June 24, 2018.
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