No Need for Background Checks
You don’t have to worry about your work history and credit score if you are going to apply for pre settlement loans in Chandler, Arizona. Settlement loans are not exactly considered loans. Unlike what most loans require, legal funding companies will no longer check your credit score and do background checks for you. Whether you qualify or not will depend mainly on your case. They will review your pending case and will see if you pass or not. They will discuss with your lawyers as well, so make sure you have good communication with your lawyer.
No Need for Application Fees
Another benefit of pre settlement loans in Chandler, Arizona is you don’t have to pay any application fees. Most companies don’t charge people who apply and in case the company does, they are open for negotiations. You can always ask them to waive the fees. In addition, if the company will really charge you upon application, you can always search for other companies that offer free applications. This is not really a problem because it’s rare for a company to charge you.
No Need to Wait for the Money
Pending cases can take a very long time to settle so there’s really no telling when you are going to receive your money. With pre settlement loans in Chandler, Arizona, you no longer have to wait for the money, especially if your case is really serious like lawyer malpractice cases and police assault. They are going to give it to you as soon as you get approved. This greatly helps with your financial troubles. It’s totally expected that you’ll be having difficulties with your expenses and these companies feel for you. They are going to risk more so they can help you with your case and your daily expenses.
No Need to Pay Back if You Lose the Case
Just like in Pre-Settlement Funding Loans, they will not charge you for the money you owe with your pre settlement loans in Chandler, Arizona if you are going to lose your case. The agreement is that you will only pay them if you will win your case. You will pay them the exact amount you borrowed with only little interest. This is probably the biggest benefit of getting legal fundings. You will not be pressured with your money. It’s understandable that you may have more debts to take care of. They will not put more weight on your burden but, instead, help you lighten it.