Topic: Legal Matters
Lawsuit Loans
by: Wensley McKenney
Lawsuit Loans which are also known as pre settlement cash advances allow a financially strapped plaintiff to access a portion of their future legal settlement to pay today's necessary living expenses. Personal Injury and worker compensation lawsuits can take years to resolve and large insurance companies have the financial strength to legally delay the process which can financial ruin an injured claimant who is looking for a fair settlement offer.
The fees charge by lawsuit loan companies can vary dramatically but it is usually best to stick with the larger companies, like Global Financial (http://www.glofin.com) because they work on larger volumes and lower pricing. Usually a funding company will charge either a monthly fee or a flat fee depending on the risk associate with the claim.
It is my personal opinion that a claimant should ask themselves one question before applying for a cash advance against their pending claim. Will the advance that I receive pay immediate and necessary living expense? If the answer is yes then you should accept a cash advance and continue with your legal claim. If the answer is no then it might be wise to hold off and wait before applying for a lawsuit loan or cash advance against your pending claim. In addition, a lawsuit loan may be a very important tool when the defendant's insurance carrier decides to make a low ball offer for settlement in the claim. You can then use a lawsuit loan as a financial tool to say no to the low ball offer and have the financial strength to wait for a higher and fairer settlement.
Lawsuit Loans have been trademarked by Global Financial as "Lawsuit Insurance" because they offer insurance like protection to plaintiffs in the event that their claim is unsuccessful. If a plaintiff takes a cash advance against their pending legal claim and their claim is unsuccessful then they get to keep the money that was advanced to them. Thus the cash advance guarantees that their claim will be financially successful either by way of the cash advance or by way of settlement or judgment.
About The Author
Wensley McKenney is a graduate of Tulane University and has 15 years of experience in the financial and legal fields.
Lawsuit Insurance is a trademark of Global Financial Credit, LLC, http://www.glofin.com
wensley@glofin.com
2 comments:
Have you heard of LawMax? LawMax can help you avoid financial crisis, including home foreclosure, eviction, bankruptcy and ruined credit. Don't settle for less just because you are in desperate need of money. LawMax has money available today, so you can receive the settlement you deserve!
Get a cash advance or a lawsuit loan if you have a pending lawsuit. Visit www.fundmycase.com
Oh, I've heard of www.fundmycase.com. The company is called LawMax. They have been around since 1999. LawMax offer lawsuit loans to individuals with pending lawsuits when in need of financial assistance. They don't have up-front fees, no credit checks, and no employment verification. Check their website out. It's worth a look.
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