The Lawsuit Loan Companies
Lawsuit loan companies are the ones that grant pre settlement funding to plaintiffs. They are also the ones who appraise the value of the lawsuit. They exist simply because they want to help the plaintiff to attain the justice that he deserves. Since there is no free lunch these days, the lawsuit loan companies will also benefit in financing a certain lawsuit if it wins in court. Nonetheless, just like there is a chance of getting benefits from it, there is also a chance of getting at a disadvantage.
The lawsuit loan companies consider the lawsuit loan of the plaintiff as settled even when it is not yet settled if the plaintiff loses his lawsuit in court. It is the greatest risk that every lawsuit loan company bears. They bear all the risks to make things easy and risk-free for the plaintiff to get the cash that he needs.
They Do the Thing That Banks Cannot
Some people might think why there is a need to get a pre settlement funding when there are banks out there that also offer loans and cash advances. Well, unlike banks, a lawsuit settlement does not take too much time in assessing whether to grant nor not grant the plaintiff a certain sum of cash. Banks do not also accept uncertain lawsuit success as collateral. Therefore, those who do not have properties and who have bad credit history can never ever get anything from the bank.
They are fortunate enough that lawsuit loan companies do things that banks cannot. Lawsuit loan companies can accept individuals who even have the worst credit history. They can also process the application of an individual who offers nothing aside from a portion of their future settlement. Looking through these things, there is no doubt that there is an advantage of getting a pre settlement funding rather than getting a loan from banks.
How to Apply for Lawsuit Loan?
If you are a plaintiff who has already hired a lawyer to help you with your legal case, then you might be eligible for a lawsuit loan application. All you have to do is to make sure that your lawsuit has something to do with personal injuries or are certain cases like APPEALS case, racial discrimination case, hospital malpractice case, lawyer malpractice case, and other cases. If your case is not mentioned in this article, then it is best to contact a lawsuit loan representative and ask whether your case qualifies for pre settlement funding or not.