Lawsuit Loans. A lawsuit loan (also called a lawsuit cash advance, litigation financing, lawsuit funding, and settlement funding) is a cash advance against a future lawsuit judgment or settlement award. If you are in the middle of a personal injury lawsuit and need money, you may be able to get a lawsuit loan -- an advance against any future lawsuit settlement or award amount.
These advances are known by many different names, including: lawsuit loans lawsuit cash advances litigation financing lawsuit funding, and settlement funding. But tread carefully before you jump at lawsuit funding. Borrowing against a future settlement or judgment can help you deal with short-term financial hurdles but may cost you a lot of money in the long run. Make sure you do your homework and understand the cost of getting a lawsuit loan.
Lawsuit Loan Advertisements. Perhaps youve seen the advertisements on daytime Payday loans in st louis mo.
It may seem appealing if youre in a bind, as they advertise speedy cash or emergency cash in a hurry, but odds are theyll do more harm than good. How payday loans work is rather simple. You provide the lender with a check dated for your next payday. The check will be for the amount youre borrowing, plus additional interest and fees. They will provide you with a cash loan, and on your next payday they will cash your check to get their money back. The process is easy enough, but is it safe.
No, not quite. The problem with these loans is that the interest rates are extremely high, which makes it difficult to pay them back on time.
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Fill out our secure online form and we send an encrypted copy to an authorized lender to approve. Once you submit your information, you will be redirected to the lender's website where you can review the terms of the loan, including details about all the applicable rates and fees.
If you accept these terms, the lender will deposit money directly into your bank account as quickly as the next business day.