Why Choose Pre-settlement Funding Over A Bank Loan For Litigation Expenses

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Pre-settlement funding is given to plaintiffs who are in a desperate situation to get financial assistance to live their lives normally while waiting for a settlement or to pursue their lawsuit.

This is among the top choices for getting an instant amount of cash.

Of course, it will stand out simply because getting the money that the plaintiff needs is as easy as taking a walk in the park.

There are no hassles to go through just to get approval.

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 attain the justice he deserves.

Since there is no free lunch these days, the lawsuit loan companies will also benefit from 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, and they take all the chances to make things easy and risk-free for the plaintiff to get the cash he needs.

They Do the Thing That Banks Cannot.

Some people might wonder why there is a need to get pre-settlement funding when there are banks out there that offer loans and cash advances.

Unlike banks, a lawsuit loan company does not take too much time to assess whether to grant or 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 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 to getting 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, you might be eligible for a lawsuit loan application.

All you have to do is make sure that your lawsuit has something to do with personal injuries or certain cases like APPEALS case, racial discrimination case, hospital malpractice case, lawyer malpractice case, and other cases.

If your claim is not mentioned in this article, then it is best to contact our representative and ask whether your case qualifies for pre-settlement funding or not.

Get A Pre-settlement Funding Quote

If you are already in a lawsuit, then we can offer you lawsuit funding without any hassle.

CALL: 800-961-8924